Northern America: Air Conditioning Machine Market 2024

Air Conditioning Machine Market Size in Northern America

The North American air conditioning machine market skyrocketed to $X in 2022, picking up by 23% against the previous year. Over the period under review, consumption, however, recorded a relatively flat trend pattern. The level of consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Air Conditioning Machine Production in Northern America

In value terms, air conditioning machine production contracted dramatically to $X in 2022 estimated in export price. Overall, production recorded a abrupt descent. The pace of growth appeared the most rapid in 2021 when the production volume increased by 407% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Air Conditioning Machine Exports

Exports in Northern America

In 2022, the amount of non-window or wall air conditioning machines exported in Northern America expanded modestly to X units, with an increase of 4.3% against 2021. In general, exports, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 with an increase of 9.3% against the previous year. As a result, the exports reached the peak of X units. From 2014 to 2022, the growth of the exports remained at a lower figure.

In value terms, air conditioning machine exports totaled $X in 2022. The total export value increased at an average annual rate of +3.2% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

In 2022, the United States (X units) and Canada (X units) represented the main exporter of non-window or wall air conditioning machines in Northern America, creating 99.9% of total export.

From 2012 to 2022, the biggest increases were recorded for Canada (with a CAGR of +10.4%).

In value terms, the United States ($X) remains the largest air conditioning machine supplier in Northern America, comprising 68% of total exports. The second position in the ranking was held by Canada ($X), with a 32% share of total exports.

In the United States, air conditioning machine exports expanded at an average annual rate of +1.1% over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in Northern America amounted to $X per unit, surging by 8.8% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +4.0%. The pace of growth was the most pronounced in 2020 an increase of 24% against the previous year. The level of export peaked in 2022 and is likely to continue growth in the immediate term.

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 the United States ($X per unit), while Canada stood at $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+6.5%).

Air Conditioning Machine Imports

Imports in Northern America

For the fifth year in a row, Northern America recorded growth in supplies from abroad of non-window or wall air conditioning machines, which increased by 71% to X units in 2022. Over the period under review, imports enjoyed resilient growth. 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 2022. Total imports indicated a resilient increase from 2012 to 2022: its value increased at an average annual rate of +8.1% 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 +50.6% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

The United States dominates imports structure, resulting at X units, which was approx. 90% of total imports in 2022. It was distantly followed by Canada (X units), generating a 10% share of total imports.

The United States was also the fastest-growing in terms of the non-window or wall air conditioning machines imports, with a CAGR of +21.1% from 2012 to 2022. At the same time, Canada (+6.0%) displayed positive paces of growth. While the share of the United States (+20 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Canada (-19.5 p.p.) displayed negative dynamics.

In value terms, the United States ($X) constitutes the largest market for imported non-window or wall air conditioning machines in Northern America, comprising 76% of total imports. The second position in the ranking was taken by Canada ($X), with a 24% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value in the United States totaled +9.0%.

Import Prices by Country

The import price in Northern America stood at $X per unit in 2022, declining by -27.8% against the previous year. Over the period under review, the import price saw a drastic downturn. The growth pace was the most rapid in 2017 an increase of 12%. The level of import peaked at $X per unit in 2018; however, from 2019 to 2022, import prices stood at a somewhat lower figure.

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 Canada ($X per unit), while the United States amounted to $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Canada (-0.4%).

Source: IndexBox Platform