Northern America: Air Conditioning Machine Market 2024

Air Conditioning Machine Market Size in Northern America

The North American air conditioning machine market soared to $X in 2021, picking up by 65% against the previous year. In general, consumption, however, recorded a slight decrease. Over the period under review, the market attained the maximum level at $X in 2014; however, from 2015 to 2021, consumption stood at a somewhat lower figure.

Air Conditioning Machine Production in Northern America

In value terms, air conditioning machine production surged to $X in 2021 estimated in export price. Overall, production, however, continues to indicate a deep downturn. The level of production peaked at $X in 2013; however, from 2014 to 2021, production stood at a somewhat lower figure.

Air Conditioning Machine Exports

Exports in Northern America

In 2021, shipments abroad of air conditioning machines was finally on the rise to reach X units for the first time since 2018, thus ending a two-year declining trend. Overall, exports saw a relatively flat trend pattern. The volume of export peaked at X units in 2016; however, from 2017 to 2021, the exports remained at a lower figure.

In value terms, air conditioning machine exports expanded rapidly to $X in 2021. The total export value increased at an average annual rate of +2.2% over the period from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

The United States represented the largest exporting country with an export of around X units, which reached 86% of total exports. It was distantly followed by Canada (X units), committing a 14% share of total exports.

The United States experienced a relatively flat trend pattern with regard to volume of exports of air conditioning machines. At the same time, Canada (+11.3%) displayed positive paces of growth. Moreover, Canada emerged as the fastest-growing exporter exported in Northern America, with a CAGR of +11.3% from 2012-2021. Canada (+8.6 p.p.) significantly strengthened its position in terms of the total exports, while the United States saw its share reduced by -8.3% from 2012 to 2021, respectively.

In value terms, the United States ($X) remains the largest air conditioning machine supplier in Northern America, comprising 69% of total exports. The second position in the ranking was taken by Canada ($X), with a 31% share of total exports.

From 2012 to 2021, the average annual growth rate of value in the United States was relatively modest.

Export Prices by Country

In 2021, the export price in Northern America amounted to $X per unit, shrinking by -11.5% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.7%. The most prominent rate of growth was recorded in 2020 when the export price increased by 22% against the previous year. As a result, the export price attained the peak level of $X per unit, and then reduced in the following year.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+0.3%).

Air Conditioning Machine Imports

Imports in Northern America

In 2021, the amount of air conditioning machines imported in Northern America soared to X units, rising by 45% compared with the year before. Total imports indicated perceptible growth from 2012 to 2021: its volume increased at an average annual rate of +4.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +56.9% against 2019 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, air conditioning machine imports skyrocketed to $X in 2021. The total import value increased at an average annual rate of +4.4% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

The United States was the major importing country with an import of about X units, which recorded 87% of total imports. It was distantly followed by Canada (X units), making up a 12% share of total imports.

The United States was also the fastest-growing in terms of the air conditioning machines imports, with a CAGR of +4.6% from 2012 to 2021. At the same time, Canada (+2.6%) displayed positive paces of growth. The United States (+2.1 p.p.) significantly strengthened its position in terms of the total imports, while Canada saw its share reduced by -2% from 2012 to 2021, respectively.

In value terms, the United States ($X) constitutes the largest market for imported air conditioning machines in Northern America, comprising 80% of total imports. The second position in the ranking was held by Canada ($X), with a 20% share of total imports.

In the United States, air conditioning machine imports expanded at an average annual rate of +4.6% over the period from 2012-2021.

Import Prices by Country

The import price in Northern America stood at $X per unit in 2021, dropping by -13% against the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 when the import price increased by 18% against the previous year. As a result, import price attained the peak level of $X per unit. From 2020 to 2021, the import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was Canada ($X per unit), while the United States stood at $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Canada (+0.7%).

Source: IndexBox Platform

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