Japan: Air Conditioning Machine Market 2024

Air Conditioning Machine Market Size in Japan

The Japanese air conditioning machine market shrank to $X in 2022, dropping by -8.8% against the previous year. The market value increased at an average annual rate of +2.1% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level of $X. From 2020 to 2022, the growth of the market remained at a somewhat lower figure.

Air Conditioning Machine Production in Japan

In value terms, air conditioning machine production dropped modestly to $X in 2022 estimated in export price. In general, the total production indicated a notable increase from 2012 to 2022: its value increased at an average annual rate of +4.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -13.4% against 2019 indices. The growth pace was the most rapid in 2019 with an increase of 30%. As a result, production attained the peak level of $X. From 2020 to 2022, production growth remained at a somewhat lower figure.

Air Conditioning Machine Exports

Exports from Japan

Air conditioning machine exports from Japan surged to X units in 2022, picking up by 44% compared with 2021. Overall, exports, however, showed a perceptible downturn. Over the period under review, the exports reached the maximum at X units in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, air conditioning machine exports expanded rapidly to $X in 2022. In general, exports, however, showed a slight shrinkage. The most prominent rate of growth was recorded in 2018 with an increase of 18% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

The United States (X units) was the main destination for air conditioning machine exports from Japan, with a 52% share of total exports. Moreover, air conditioning machine exports to the United States exceeded the volume sent to the second major destination, China (X units), fourfold. India (X units) ranked third in terms of total exports with a 6.6% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States totaled +12.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (-12.5% per year) and India (+6.3% per year).

In value terms, the United States ($X) remains the key foreign market for non-window or wall air conditioning machines exports from Japan, comprising 51% of total exports. The second position in the ranking was taken by the Philippines ($X), with a 13% share of total exports. It was followed by China, with an 11% share.

From 2012 to 2022, the average annual growth rate of value to the United States totaled +8.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Philippines (+14.1% per year) and China (-7.0% per year).

Export Prices by Country

In 2022, the average air conditioning machine export price amounted to $X per unit, falling by -26.8% against the previous year. Overall, export price indicated a notable expansion from 2012 to 2022: its price increased at an average annual rate of +2.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, air conditioning machine export price decreased by -26.9% against 2019 indices. The pace of growth appeared the most rapid in 2014 an increase of 33%. The export price peaked at $X per unit in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Philippines ($X per unit), while the average price for exports to India ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to China (+6.3%), while the prices for the other major destinations experienced more modest paces of growth.

Air Conditioning Machine Imports

Imports into Japan

After three years of growth, overseas purchases of non-window or wall air conditioning machines decreased by -31.9% to X units in 2022. In general, imports continue to indicate a deep contraction. The pace of growth appeared the most rapid in 2016 with an increase of 43% against the previous year. Imports peaked at X units in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, air conditioning machine imports fell dramatically to $X in 2022. Over the period under review, imports saw a drastic downturn. The most prominent rate of growth was recorded in 2021 with an increase of 39% against the previous year. Over the period under review, imports reached the maximum at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X units) constituted the largest supplier of air conditioning machine to Japan, accounting for a 69% share of total imports. Moreover, air conditioning machine imports from China exceeded the figures recorded by the second-largest supplier, the United States (X units), fourfold. Australia (X units) ranked third in terms of total imports with a 3.8% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to -12.3%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+5.9% per year) and Australia (+87.9% per year).

In value terms, China ($X) constituted the largest supplier of non-window or wall air conditioning machines to Japan, comprising 64% of total imports. The second position in the ranking was held by the United States ($X), with a 19% share of total imports. It was followed by Spain, with a 5.6% share.

From 2012 to 2022, the average annual growth rate of value from China amounted to -9.9%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+7.2% per year) and Spain (+44.5% per year).

Import Prices by Country

The average air conditioning machine import price stood at $X per unit in 2022, surging by 2.6% against the previous year. Over the last decade, it increased at an average annual rate of +3.1%. The pace of growth was the most pronounced in 2013 when the average import price increased by 30%. The import price peaked at $X per unit in 2017; however, from 2018 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Spain ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+3.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform