MENA: Air Conditioning Machine Market 2024

Air Conditioning Machine Market Size in MENA

The MENA's air conditioning machine market fell slightly to $X in 2022, declining by -2.7% against the previous year. The market value increased at an average annual rate of +2.3% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. 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 MENA

In value terms, air conditioning machine production declined remarkably to $X in 2022 estimated in export price. Over the period under review, production, however, recorded a resilient increase. The pace of growth appeared the most rapid in 2016 with an increase of 69% against the previous year. Over the period under review, production reached the peak level at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Air Conditioning Machine Exports

Exports in MENA

In 2022, the amount of non-window or wall air conditioning machines exported in MENA declined significantly to X units, falling by -17.5% compared with the year before. Total exports indicated prominent growth from 2012 to 2022: its volume increased at an average annual rate of +6.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +19.9% against 2020 indices. The growth pace was the most rapid in 2013 with an increase of 58%. The volume of export peaked at X units in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

In value terms, air conditioning machine exports fell to $X in 2022. Total exports indicated a strong increase from 2012 to 2022: its value 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, exports increased by +22.7% against 2020 indices. The most prominent rate of growth was recorded in 2013 with an increase of 53%. Over the period under review, the exports reached the peak figure at $X in 2021, and then declined in the following year.

Exports by Country

Turkey (X units) and the United Arab Emirates (X units) represented roughly 67% of total exports in 2022. It was distantly followed by Bahrain (X units), Jordan (X units) and Saudi Arabia (X units), together constituting a 26% share of total exports. The following exporters - Egypt (X units) and Kuwait (X units) - together made up 4.5% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by the United Arab Emirates (with a CAGR of +15.5%), while the other leaders experienced more modest paces of growth.

In value terms, Turkey ($X), the United Arab Emirates ($X) and Jordan ($X) were the countries with the highest levels of exports in 2022, together accounting for 76% of total exports.

The United Arab Emirates, with a CAGR of +13.9%, saw the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the export price in MENA amounted to $X per unit, increasing by 11% against the previous year. Overall, the export price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2015 an increase of 16% against the previous year. Over the period under review, the export prices attained the peak figure at $X per unit in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Jordan ($X per unit), while Bahrain ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Jordan (+9.6%), while the other leaders experienced mixed trends in the export price figures.

Air Conditioning Machine Imports

Imports in MENA

For the sixth consecutive year, MENA recorded decline in purchases abroad of non-window or wall air conditioning machines, which decreased by -6.2% to X units in 2022. Over the period under review, imports saw a noticeable descent. The pace of growth was the most pronounced in 2014 when imports increased by 34%. As a result, imports attained the peak of X units. From 2015 to 2022, the growth of imports remained at a lower figure.

In value terms, air conditioning machine imports dropped to $X in 2022. Overall, imports recorded a perceptible descent. The growth pace was the most rapid in 2014 when imports increased by 17% against the previous year. The level of import peaked at $X in 2016; however, from 2017 to 2022, imports stood at a somewhat lower figure.

Imports by Country

The purchases of the twelve major importers of non-window or wall air conditioning machines, namely the United Arab Emirates, Iraq, Kuwait, Qatar, Oman, Israel, Bahrain, Saudi Arabia, Morocco, Iran, Egypt and Algeria, represented more than two-thirds of total import.

From 2012 to 2022, the biggest increases were recorded for Israel (with a CAGR of +11.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the United Arab Emirates ($X) constitutes the largest market for imported non-window or wall air conditioning machines in MENA, comprising 21% of total imports. The second position in the ranking was taken by Saudi Arabia ($X), with a 10% share of total imports. It was followed by Iraq, with a 9% share.

In the United Arab Emirates, air conditioning machine imports plunged by an average annual rate of -2.8% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Saudi Arabia (-5.7% per year) and Iraq (-1.5% per year).

Import Prices by Country

The import price in MENA stood at $X per unit in 2022, reducing by -2.9% against the previous year. Overall, the import price saw a mild decline. The pace of growth was the most pronounced in 2015 when the import price increased by 14%. The level of import peaked at $X per unit in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Saudi Arabia ($X per unit), while Egypt ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Oman (+2.7%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform