Malaysia: Market for Window or Wall Air Conditioning Systems, Self-Contained or Split-Systems 2024

Market Size for Window or Wall Air Conditioning Systems, Self-Contained or Split-Systems in Malaysia

In 2022, after six years of growth, there was decline in the Malaysian market for window or wall air conditioning systems, self-contained or split-systems, when its value decreased by -0.6% to $X. Over the period under review, the total consumption indicated mild growth from 2012 to 2022: its value increased at an average annual rate of +1.0% 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 +68.5% against 2015 indices. Consumption of peaked at $X in 2021, and then declined slightly in the following year.

Production of Window or Wall Air Conditioning Systems, Self-Contained or Split-Systems in Malaysia

In value terms, production of window or wall air conditioning systems, self-contained or split-systems shrank slightly to $X in 2022 estimated in export price. In general, production recorded a noticeable decrease. The pace of growth appeared the most rapid in 2016 with an increase of 19% against the previous year. As a result, production attained the peak level of $X. From 2017 to 2022, production of growth remained at a somewhat lower figure.

Exports of Window or Wall Air Conditioning Systems, Self-Contained or Split-Systems

Exports from Malaysia

In 2022, approx. X units of window or wall air conditioning systems, self-contained or split-systems were exported from Malaysia; with a decrease of -3.8% compared with the previous year's figure. Over the period under review, exports recorded a pronounced decline. The pace of growth was the most pronounced in 2016 with an increase of 15%. As a result, the exports attained the peak of X units. From 2017 to 2022, the growth of the exports of failed to regain momentum.

In value terms, exports of window or wall air conditioning systems, self-contained or split-systems reduced slightly to $X in 2022. In general, exports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 with an increase of 14%. As a result, the exports attained the peak of $X. From 2017 to 2022, the growth of the exports of failed to regain momentum.

Exports by Country

Vietnam (X units) was the main destination for exports of window or wall air conditioning systems, self-contained or split-systems from Malaysia, accounting for a 34% share of total exports. Moreover, exports of window or wall air conditioning systems, self-contained or split-systems to Vietnam exceeded the volume sent to the second major destination, Indonesia (X units), threefold. Germany (X units) ranked third in terms of total exports with a 7.2% share.

From 2012 to 2022, the average annual growth rate of volume to Vietnam amounted to +12.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Indonesia (+0.2% per year) and Germany (+7.0% per year).

In value terms, the largest markets for window, wall, or split air conditioning system exported from Malaysia were Vietnam ($X), Germany ($X) and France ($X), with a combined 41% share of total exports. Australia, Italy, the Philippines, Indonesia, Thailand, Singapore, Hong Kong SAR, Japan, Spain and Nigeria lagged somewhat behind, together comprising a further 41%.

Nigeria, with a CAGR of +20.2%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average export price for window or wall air conditioning systems, self-contained or split-systems amounted to $X per unit, approximately equating the previous year. Over the last decade, it increased at an average annual rate of +1.1%. The most prominent rate of growth was recorded in 2017 when the average export price increased by 11%. The export price peaked at $X per unit in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was France ($X per unit), while the average price for exports to Indonesia ($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 Japan (+4.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Window or Wall Air Conditioning Systems, Self-Contained or Split-Systems

Imports into Malaysia

In 2022, overseas purchases of window or wall air conditioning systems, self-contained or split-systems decreased by -1.4% to X units for the first time since 2017, thus ending a four-year rising trend. Over the period under review, total imports indicated a strong increase from 2012 to 2022: its volume increased at an average annual rate of +6.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +57.0% against 2017 indices. The pace of growth was the most pronounced in 2019 when imports increased by 31% against the previous year. Over the period under review, imports of hit record highs at X units in 2021, and then dropped in the following year.

In value terms, imports of window or wall air conditioning systems, self-contained or split-systems declined to $X in 2022. The total import value increased at an average annual rate of +2.1% from 2012 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. The pace of growth appeared the most rapid in 2018 when imports increased by 22% against the previous year. Imports peaked at $X in 2021, and then reduced in the following year.

Imports by Country

In 2022, China (X units) constituted the largest supplier of window, wall, or split air conditioning system to Malaysia, accounting for a 78% share of total imports. Moreover, imports of window or wall air conditioning systems, self-contained or split-systems from China exceeded the figures recorded by the second-largest supplier, Thailand (X units), fourfold.

From 2012 to 2022, the average annual growth rate of volume from China stood at +12.7%.

In value terms, China ($X) constituted the largest supplier of window or wall air conditioning systems, self-contained or split-systems to Malaysia, comprising 76% of total imports. The second position in the ranking was taken by Thailand ($X), with a 22% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from China stood at +9.7%.

Import Prices by Country

The average import price for window or wall air conditioning systems, self-contained or split-systems stood at $X per unit in 2022, with a decrease of -4.1% against the previous year. In general, the import price showed a pronounced slump. The most prominent rate of growth was recorded in 2021 when the average import price increased by 9.6%. The import price peaked at $X per unit in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Thailand ($X per unit), while the price for China amounted to $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (-2.7%).

Source: IndexBox Platform

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