Middle East: Air Conditioning Machine Market 2024

Air Conditioning Machine Market Size in the Middle East

After six years of growth, the Middle Eastern air conditioning machine market decreased by -3.6% to $X in 2021. The total consumption indicated a strong expansion from 2012 to 2021: its value increased at an average annual rate of +5.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +66.9% against 2012 indices. Over the period under review, the market hit record highs at $X in 2020, and then shrank modestly in the following year.

Air Conditioning Machine Production in the Middle East

In value terms, air conditioning machine production declined modestly to $X in 2021 estimated in export price. In general, production, however, showed a resilient expansion. The pace of growth appeared the most rapid in 2013 with an increase of 40%. The level of production peaked at $X in 2020, and then fell in the following year.

Air Conditioning Machine Exports

Exports in the Middle East

For the fourth consecutive year, the Middle East recorded decline in overseas shipments of air conditioning machines, which decreased by -3.2% to X units in 2021. Overall, exports recorded a abrupt curtailment. The most prominent rate of growth was recorded in 2017 when exports increased by 9.6% against the previous year. Over the period under review, the exports hit record highs at X units in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, air conditioning machine exports reached $X in 2021. Over the period under review, exports recorded a perceptible reduction. Over the period under review, the exports attained the peak figure at $X in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Turkey (X units) and the United Arab Emirates (X units) represented roughly 65% of total exports in 2021. Jordan (X units) ranks next in terms of the total exports with a 12% share, followed by Saudi Arabia (11%) and Bahrain (6.3%). Israel (X units) and Kuwait (X units) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were in Kuwait (with a CAGR of +10.4%), while shipments for the other leaders experienced mixed trends in the exports figures.

In value terms, Turkey ($X) remains the largest air conditioning machine supplier in the Middle East, comprising 43% of total exports. The second position in the ranking was held by the United Arab Emirates ($X), with a 21% share of total exports. It was followed by Jordan, with a 12% share.

From 2012 to 2021, 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: the United Arab Emirates (+7.1% per year) and Jordan (-3.1% per year).

Export Prices by Country

In 2021, the export price in the Middle East amounted to $X per unit, rising by 13% against the previous year. Over the last nine years, it increased at an average annual rate of +1.5%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably country of origin: the country with the highest price was Israel ($X per unit), while the United Arab Emirates ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Israel (+6.4%), while the other leaders experienced more modest paces of growth.

Air Conditioning Machine Imports

Imports in the Middle East

In 2021, after two years of growth, there was significant decline in purchases abroad of air conditioning machines, when their volume decreased by -9.5% to X units. Overall, imports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 with an increase of 15% against the previous year. The volume of import peaked at X units in 2016; however, from 2017 to 2021, imports remained at a lower figure.

In value terms, air conditioning machine imports declined modestly to $X in 2021. Over the period under review, imports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when imports increased by 13%. As a result, imports reached the peak of $X. From 2016 to 2021, the growth of imports remained at a lower figure.

Imports by Country

In 2021, Saudi Arabia (X units), distantly followed by the United Arab Emirates (X units), Iraq (X units), Oman (X units), Israel (X units) and Turkey (X units) were the key importers of air conditioning machines, together comprising 90% of total imports. Kuwait (X units) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were in Iraq (with a CAGR of +7.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest air conditioning machine importing markets in the Middle East were Saudi Arabia ($X), the United Arab Emirates ($X) and Iraq ($X), with a combined 66% share of total imports.

In terms of the main importing countries, Iraq, with a CAGR of +6.1%, 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 the Middle East stood at $X per unit in 2021, rising by 9.2% against the previous year. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. Over the period under review, import prices attained the maximum at $X per unit in 2014; however, from 2015 to 2021, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major importing countries. In 2021, major importing countries recorded the following prices: in Israel ($X per unit) and the United Arab Emirates ($X per unit), while Turkey ($X per unit) and Saudi Arabia ($X per unit) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Oman (+0.9%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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