MERCOSUR: Market for Air Conditioning Machines For Motor Vehicles 2024

Market Size for Air Conditioning Machines For Motor Vehicles in MERCOSUR

The MERCOSUR market for air conditioning machines for motor vehicles reduced to $X in 2022, stabilizing at the previous year. In general, consumption showed a resilient expansion. The level of consumption peaked at $X in 2017; however, from 2018 to 2022, consumption remained at a lower figure.

Production of Air Conditioning Machines For Motor Vehicles in MERCOSUR

In value terms, motor vehicle air conditioning machine production reduced slightly to $X in 2022 estimated in export price. In general, production, however, recorded a strong expansion. The pace of growth was the most pronounced in 2014 when the production volume increased by 42%. Over the period under review, production attained the peak level at $X in 2017; however, from 2018 to 2022, production stood at a somewhat lower figure.

Exports of Air Conditioning Machines For Motor Vehicles

Exports in MERCOSUR

In 2022, the amount of air conditioning machines for motor vehicles exported in MERCOSUR skyrocketed to X units, jumping by 62% on the previous year. In general, exports, however, recorded a slight reduction. Over the period under review, the exports reached the peak figure at X units in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, motor vehicle air conditioning machine exports soared to $X in 2022. Over the period under review, exports, however, showed a perceptible setback. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

In 2022, Brazil (X units) represented the largest exporter of air conditioning machines for motor vehicles in MERCOSUR, making up 98% of total export.

Brazil experienced a relatively flat trend pattern with regard to volume of exports of air conditioning machines for motor vehicles. From 2012 to 2022, the share of Brazil increased by +13 percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Brazil ($X) also remains the largest motor vehicle air conditioning machine supplier in MERCOSUR.

From 2012 to 2022, the average annual rate of growth in terms of value in Brazil amounted to -1.3%.

Export Prices by Country

The export price in MERCOSUR stood at $X per unit in 2022, with an increase of 6.6% against the previous year. In general, the export price, however, recorded a slight reduction. The most prominent rate of growth was recorded in 2017 when the export price increased by 19%. As a result, the export price reached the peak level of $X per unit. From 2018 to 2022, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for Brazil.

From 2012 to 2022, the rate of growth in terms of prices for Brazil amounted to -1.2% per year.

Imports of Air Conditioning Machines For Motor Vehicles

Imports in MERCOSUR

In 2022, purchases abroad of air conditioning machines for motor vehicles increased by 50% to X units, rising for the second year in a row after three years of decline. Total imports indicated perceptible growth from 2012 to 2022: its volume increased at an average annual rate of +3.2% 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 +129.8% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 53% against the previous year. The volume of import peaked in 2022 and is likely to see gradual growth in the near future.

In value terms, motor vehicle air conditioning machine imports surged to $X in 2022. Over the period under review, imports saw a relatively flat trend pattern. The growth pace was the most rapid in 2021 when imports increased by 57% against the previous year. The level of import peaked at $X in 2013; however, from 2014 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Argentina (X units) was the key importer of air conditioning machines for motor vehicles, constituting 56% of total imports. It was distantly followed by Brazil (X units), comprising a 36% share of total imports. Peru (X units), Ecuador (X units) and Chile (X units) held a minor share of total imports.

From 2012 to 2022, the biggest increases were recorded for Brazil (with a CAGR of +7.5%), while purchases for the other leaders experienced mixed trends in the imports figures.

In value terms, the largest motor vehicle air conditioning machine importing markets in MERCOSUR were Brazil ($X), Argentina ($X) and Peru ($X), with a combined 94% share of total imports.

Brazil, with a CAGR of +7.4%, saw the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

In 2022, the import price in MERCOSUR amounted to $X per unit, which is down by -21.3% against the previous year. Over the period under review, the import price showed a pronounced shrinkage. The most prominent rate of growth was recorded in 2019 when the import price increased by 14% against the previous year. As a result, import price reached the peak level of $X per unit. From 2020 to 2022, the 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 Peru ($X per unit), while Argentina ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Peru (+1.4%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform