Jordan: Air Conditioning Machine Market 2024

Air Conditioning Machine Market Size in Jordan

For the eighth consecutive year, the Jordanian air conditioning machine market recorded growth in sales value, which increased by 12% to $X in 2022. Over the period under review, the total consumption indicated a resilient increase from 2012 to 2022: its value increased at an average annual rate of +5.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +100.0% against 2014 indices. Air conditioning machine consumption peaked in 2022 and is expected to retain growth in the near future.

Air Conditioning Machine Production in Jordan

In value terms, air conditioning machine production reduced slightly to $X in 2022 estimated in export price. Over the period under review, production, however, posted a resilient expansion. The growth pace was the most rapid in 2015 with an increase of 76%. Over the period under review, production attained the maximum level at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Air Conditioning Machine Exports

Exports from Jordan

In 2022, overseas shipments of non-window or wall air conditioning machines decreased by -35.9% to X units, falling for the fourth year in a row after five years of growth. Overall, exports, however, continue to indicate a perceptible expansion. The growth pace was the most rapid in 2015 with an increase of 132% against the previous year. Over the period under review, the exports hit record highs at X units in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

In value terms, air conditioning machine exports declined markedly to $X in 2022. Over the period under review, exports, however, saw resilient growth. The growth pace was the most rapid in 2015 with an increase of 97%. Over the period under review, the exports reached the peak figure at $X in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X units) was the main destination for air conditioning machine exports from Jordan, accounting for a 54% share of total exports. Moreover, air conditioning machine exports to the United States exceeded the volume sent to the second major destination, the United Arab Emirates (X units), fourfold. The third position in this ranking was taken by Qatar (X units), with a 9.3% share.

From 2012 to 2022, the average annual growth rate of volume to the United States totaled +9.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (+15.1% per year) and Qatar (+125.3% per year).

In value terms, the United States ($X) remains the key foreign market for non-window or wall air conditioning machines exports from Jordan, comprising 61% of total exports. The second position in the ranking was held by the United Arab Emirates ($X), with a 9.1% share of total exports. It was followed by Qatar, with a 7.3% share.

From 2012 to 2022, the average annual growth rate of value to the United States totaled +19.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (+21.7% per year) and Qatar (+154.1% per year).

Export Prices by Country

The average air conditioning machine export price stood at $X per unit in 2022, increasing by 15% against the previous year. Over the period under review, the export price enjoyed a resilient increase. The pace of growth appeared the most rapid in 2020 an increase of 38%. Over the period under review, the average export prices reached the peak figure in 2022 and is expected to retain growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Palestine ($X per unit), while the average price for exports to Saudi Arabia ($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 Kuwait (+13.8%), while the prices for the other major destinations experienced more modest paces of growth.

Air Conditioning Machine Imports

Imports into Jordan

In 2022, the amount of non-window or wall air conditioning machines imported into Jordan reduced markedly to X units, shrinking by -49.7% compared with the previous year. In general, imports recorded a abrupt contraction. The pace of growth was the most pronounced in 2016 when imports increased by 74% against the previous year. As a result, imports reached the peak of X units. From 2017 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, air conditioning machine imports fell notably to $X in 2022. Over the period under review, imports showed a abrupt setback. The most prominent rate of growth was recorded in 2020 with an increase of 30%. Imports peaked at $X in 2016; however, from 2017 to 2022, imports failed to regain momentum.

Imports by Country

China (X units), Thailand (X units) and Turkey (X units) were the main suppliers of air conditioning machine imports to Jordan, together comprising 74% of total imports. Italy, Free Zones, Slovakia, Hungary, Spain, the United Arab Emirates and Egypt lagged somewhat behind, together comprising a further 22%.

From 2012 to 2022, the biggest increases were recorded for Hungary (with a CAGR of +31.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest air conditioning machine suppliers to Jordan were China ($X), Turkey ($X) and Thailand ($X), together accounting for 76% of total imports. Free Zones, Italy, Slovakia, Hungary, Spain, Egypt and the United Arab Emirates lagged somewhat behind, together accounting for a further 21%.

Hungary, with a CAGR of +37.2%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average air conditioning machine import price stood at $X per unit in 2022, increasing by 38% against the previous year. Over the period under review, the import price saw a resilient expansion. The most prominent rate of growth was recorded in 2021 when the average import price increased by 51%. The import price peaked in 2022 and is expected to retain growth in years to come.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Egypt (+20.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform