MENA: 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 MENA

In 2022, the MENA's market for window or wall air conditioning systems, self-contained or split-systems increased by 1.7% to $X, rising for the fourth year in a row after three years of decline. The market value increased at an average annual rate of +2.1% over the period from 2012 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations in certain years. Over the period under review, the market hit record highs in 2022 and is expected to retain growth in years to come.

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

In value terms, production of window or wall air conditioning systems, self-contained or split-systems rose notably to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a prominent expansion. The pace of growth was the most pronounced in 2018 when the production volume increased by 165% against the previous year. The level of production peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

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

Exports in MENA

In 2022, shipments abroad of window or wall air conditioning systems, self-contained or split-systems increased by 7% to X units, rising for the second consecutive year after four years of decline. Overall, exports, however, recorded a deep contraction. The pace of growth appeared the most rapid in 2016 when exports increased by 14% against the previous year. Over the period under review, the exports of hit record highs at X units in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

In value terms, exports of window or wall air conditioning systems, self-contained or split-systems amounted to $X in 2022. Over the period under review, exports, however, showed a abrupt contraction. The most prominent rate of growth was recorded in 2013 when exports increased by 15% against the previous year. As a result, the exports reached the peak of $X. From 2014 to 2022, the growth of the exports of remained at a lower figure.

Exports by Country

Turkey represented the main exporting country with an export of about X units, which accounted for 54% of total exports. It was distantly followed by the United Arab Emirates (X units), Bahrain (X units) and Saudi Arabia (X units), together generating a 35% share of total exports. The following exporters - Egypt (X units) and Jordan (X units) - together made up 6.8% of total exports.

From 2012 to 2022, average annual rates of growth with regard to window, wall, or split air conditioning system exports from Turkey stood at -1.1%. At the same time, the United Arab Emirates (+4.0%) displayed positive paces of growth. Moreover, the United Arab Emirates emerged as the fastest-growing exporter exported in MENA, with a CAGR of +4.0% from 2012-2022. By contrast, Egypt (-8.5%), Bahrain (-14.1%), Jordan (-15.8%) and Saudi Arabia (-18.6%) illustrated a downward trend over the same period. While the share of Turkey (+26 p.p.) and the United Arab Emirates (+11 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Jordan (-3.8 p.p.), Bahrain (-12.1 p.p.) and Saudi Arabia (-21.7 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) remains the largest window, wall, or split air conditioning system supplier in MENA, comprising 57% of total exports. The second position in the ranking was taken by Bahrain ($X), with a 12% share of total exports. It was followed by Saudi Arabia, with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Turkey was relatively modest. In the other countries, the average annual rates were as follows: Bahrain (-14.2% per year) and Saudi Arabia (-17.4% per year).

Export Prices by Country

In 2022, the export price in MENA amounted to $X per unit, surging by 3% against the previous year. In general, the export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 an increase of 6.4% against the previous year. Over the period under review, the export prices attained the peak figure at $X per unit in 2015; however, from 2016 to 2022, the export prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+1.5%), while the other leaders experienced mixed trends in the export price figures.

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

Imports in MENA

In 2022, after two years of decline, there was growth in supplies from abroad of window or wall air conditioning systems, self-contained or split-systems, when their volume increased by 2.5% to X units. The total import volume increased at an average annual rate of +1.1% from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2019 with an increase of 19% against the previous year. As a result, imports reached the peak of X units. From 2020 to 2022, the growth of imports of remained at a lower figure.

In value terms, imports of window or wall air conditioning systems, self-contained or split-systems stood at $X in 2022. Over the period under review, imports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when imports increased by 13% against the previous year. Over the period under review, imports of attained the peak figure in 2022 and are expected to retain growth in the near future.

Imports by Country

The purchases of the three major importers of window or wall air conditioning systems, self-contained or split-systems, namely Saudi Arabia, the United Arab Emirates and Iraq, represented more than two-thirds of total import. Israel (X units) took the next position in the ranking, followed by Turkey (X units). All these countries together took near 11% share of total imports. Oman (X units), Libya (X units), Kuwait (X units), Egypt (X units), Morocco (X units), Algeria (X units) and Iran (X units) took a relatively small share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Iraq (with a CAGR of +8.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Saudi Arabia ($X), the United Arab Emirates ($X) and Iraq ($X) constituted the countries with the highest levels of imports in 2022, with a combined 67% share of total imports.

In terms of the main importing countries, Iraq, with a CAGR of +7.6%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in MENA stood at $X per unit in 2022, standing approx. at the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the import price increased by 4.5% against the previous year. The level of import peaked at $X per unit in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Morocco ($X per unit), while Algeria ($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 (+0.9%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform