Middle East: 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 the Middle East

In 2022, the Middle Eastern market for window or wall air conditioning systems, self-contained or split-systems increased by 0.5% to $X, rising for the fourth consecutive year after three years of decline. The market value increased at an average annual rate of +3.5% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The level of consumption peaked 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 the Middle East

In value terms, production of window or wall air conditioning systems, self-contained or split-systems rose sharply to $X in 2022 estimated in export price. Overall, production posted strong growth. The pace of growth was the most pronounced in 2018 with an increase of 165%. Over the period under review, production of reached the peak level at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

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

Exports in the Middle East

In 2022, overseas shipments of window or wall air conditioning systems, self-contained or split-systems increased by 9.1% to X units, rising for the third year in a row after three years of decline. Overall, exports, however, showed a abrupt decline. The growth pace was the most rapid in 2013 with an increase of 14%. As a result, the exports attained the peak of X units. From 2014 to 2022, the growth of the exports of remained at a lower figure.

In value terms, exports of window or wall air conditioning systems, self-contained or split-systems soared to $X in 2022. In general, exports, however, recorded a abrupt shrinkage. The most prominent rate of growth was recorded in 2013 with an increase of 17% 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 was the key exporting country with an export of about X units, which resulted at 57% of total exports. The United Arab Emirates (X units) held the second position in the ranking, followed by Bahrain (X units) and Saudi Arabia (X units). All these countries together took approx. 37% share of total exports. Jordan (X units) took a relatively small share 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 the Middle East, with a CAGR of +4.0% from 2012-2022. By contrast, Bahrain (-14.1%), Jordan (-15.8%) and Saudi Arabia (-18.6%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Turkey and the United Arab Emirates increased by +27 and +12 percentage points, respectively.

In value terms, Turkey ($X) remains the largest window, wall, or split air conditioning system supplier in the Middle East, comprising 61% of total exports. The second position in the ranking was held by Bahrain ($X), with a 13% share of total exports. It was followed by Saudi Arabia, with an 11% share.

In Turkey, exports of window or wall air conditioning systems, self-contained or split-systems remained relatively stable over the period from 2012-2022. 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 the Middle East amounted to $X per unit, increasing by 5.5% against the previous year. Over the period under review, the export price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2017 an increase of 11% against the previous year. Over the period under review, the export prices hit record highs at $X per unit in 2015; however, from 2016 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2022, 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 the Middle East

In 2022, purchases abroad of window or wall air conditioning systems, self-contained or split-systems increased by 0.6% to X units, rising for the fourth year in a row after two years of decline. The total import volume increased at an average annual rate of +2.6% over the period from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2019 with an increase of 19%. The volume of import peaked in 2022 and is expected to retain growth in the immediate term.

In value terms, imports of window or wall air conditioning systems, self-contained or split-systems totaled $X in 2022. The total import value increased at an average annual rate of +1.5% over the period from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations in certain years. The most prominent rate of growth was recorded in 2015 with an increase of 14% against the previous year. The level of import peaked in 2022 and is likely to continue growth in years to come.

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) and Oman (X units). All these countries together held approx. 16% share of total imports. Kuwait (X units) held a relatively small share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main 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) appeared to be the countries with the highest levels of imports in 2022, with a combined 73% share of total imports.

Among the main importing countries, Iraq, with a CAGR of +7.6%, recorded the highest growth rate of 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

In 2022, the import price in the Middle East amounted to $X per unit, therefore, remained relatively stable against the previous year. In general, the import price saw a mild slump. The most prominent rate of growth was recorded in 2018 an increase of 3.9% against the previous year. The level of import peaked at $X per unit in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Average prices varied somewhat amongst the major importing countries. In 2022, major importing countries recorded the following prices: in Israel ($X per unit) and Kuwait ($X per unit), while Turkey ($X per unit) and Saudi Arabia ($X per unit) were 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 a decline in the import price figures.

Source: IndexBox Platform

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