MERCOSUR: Air Conditioning Machine Market 2024

Air Conditioning Machine Market Size in MERCOSUR

In 2021, the MERCOSUR air conditioning machine market increased by 2.3% to $X, rising for the second consecutive year after two years of decline. The market value increased at an average annual rate of +1.9% from 2012 to 2021; however, the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. As a result, consumption reached the peak level of $X. From 2015 to 2021, the growth of the market failed to regain momentum.

Air Conditioning Machine Production in MERCOSUR

In value terms, air conditioning machine production expanded to $X in 2021 estimated in export price. Over the period under review, production, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the production volume increased by 31%. As a result, production reached the peak level of $X. From 2015 to 2021, production growth remained at a somewhat lower figure.

Air Conditioning Machine Exports

Exports in MERCOSUR

In 2021, shipments abroad of air conditioning machines decreased by -30.6% to X units, falling for the second year in a row after three years of growth. Overall, exports saw a abrupt descent. The growth pace was the most rapid in 2019 with an increase of 1,529%. As a result, the exports attained the peak of X units. From 2020 to 2021, the growth of the exports remained at a lower figure.

In value terms, air conditioning machine exports rose significantly to $X in 2021. In general, exports saw a abrupt decrease. The most prominent rate of growth was recorded in 2017 when exports increased by 38% against the previous year. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Brazil prevails in exports structure, resulting at X units, which was near 87% of total exports in 2021. It was distantly followed by Chile (X units), comprising a 4.7% share of total exports. The following exporters - Colombia (X units) and Argentina (X units) - together made up 6.7% of total exports.

Exports from Brazil decreased at an average annual rate of -13.9% from 2012 to 2021. Chile (-5.7%), Argentina (-18.6%) and Colombia (-19.7%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Chile and Brazil increased by +2.7 and +2.1 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Brazil ($X) remains the largest air conditioning machine supplier in MERCOSUR, comprising 73% of total exports. The second position in the ranking was held by Chile ($X), with a 14% share of total exports. It was followed by Colombia, with an 8.5% share.

In Brazil, air conditioning machine exports contracted by an average annual rate of -11.1% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Chile (-1.4% per year) and Colombia (-12.2% per year).

Export Prices by Country

The export price in MERCOSUR stood at $X per unit in 2021, surging by 53% against the previous year. Overall, the export price showed a tangible increase. The growth pace was the most rapid in 2020 when the export price increased by 1,259% against the previous year. The level of export peaked at $X per unit in 2017; however, from 2018 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was Chile ($X per unit), while Brazil ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Colombia (+9.3%), while the other leaders experienced more modest paces of growth.

Air Conditioning Machine Imports

Imports in MERCOSUR

In 2021, overseas purchases of air conditioning machines increased by 12% to X units, rising for the second consecutive year after two years of decline. In general, imports, however, recorded a noticeable setback. The most prominent rate of growth was recorded in 2017 with an increase of 18% against the previous year. The volume of import peaked at X units in 2014; however, from 2015 to 2021, imports remained at a lower figure.

In value terms, air conditioning machine imports skyrocketed to $X in 2021. Over the period under review, imports, however, recorded a noticeable shrinkage. Over the period under review, imports hit record highs at $X in 2014; however, from 2015 to 2021, imports failed to regain momentum.

Imports by Country

The purchases of the eight major importers of air conditioning machines, namely Chile, Brazil, Colombia, Venezuela, Ecuador, Paraguay, Uruguay and Argentina, represented more than two-thirds of total import.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Chile (with a CAGR of +12.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Chile ($X), Colombia ($X) and Brazil ($X) appeared to be the countries with the highest levels of imports in 2021, with a combined 53% share of total imports.

Chile, with a CAGR of +5.2%, 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 more modest paces of growth.

Import Prices by Country

The import price in MERCOSUR stood at $X per unit in 2021, growing by 2.7% against the previous year. Overall, the import price, however, saw a pronounced curtailment. The most prominent rate of growth was recorded in 2015 when the import price increased by 6.9%. The level of import peaked at $X per unit in 2016; however, from 2017 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was Argentina ($X per unit), while Venezuela ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Argentina (+3.1%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform