Report Update Nov 1, 2024

Philippines - Air Conditioning Machines - Market Analysis, Forecast, Size, Trends and Insights

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Philippines: Air Conditioning Machine Market 2024

Air Conditioning Machine Market Size in the Philippines

In 2021, the Philippine air conditioning machine market decreased by -9.5% to $X, falling for the second year in a row after four years of growth. Overall, consumption, however, posted a prominent increase. Over the period under review, the market reached the peak level at $X in 2019; however, from 2020 to 2021, consumption stood at a somewhat lower figure.

Air Conditioning Machine Exports

Exports from the Philippines

Air conditioning machine exports from the Philippines soared to X units in 2021, picking up by 186% against the year before. Over the period under review, exports saw a prominent increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, air conditioning machine exports surged to $X in 2021. In general, exports showed a notable expansion. The pace of growth appeared the most rapid in 2015 when exports increased by 173% against the previous year. As a result, the exports reached the peak of $X. From 2016 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Hong Kong SAR (X units) was the main destination for air conditioning machine exports from the Philippines, with a 82% share of total exports. Moreover, air conditioning machine exports to Hong Kong SAR exceeded the volume sent to the second major destination, Qatar (X units), sevenfold. Japan (X units) ranked third in terms of total exports with a 2.9% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Hong Kong SAR amounted to +12.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Qatar (+88.1% per year) and Japan (+75.3% per year).

In value terms, Hong Kong SAR ($X) remains the key foreign market for air conditioning machine exports from the Philippines, comprising 74% of total exports. The second position in the ranking was held by Japan ($X), with a 14% share of total exports. It was followed by Taiwan (Chinese), with an 8.3% share.

From 2012 to 2021, the average annual growth rate of value to Hong Kong SAR amounted to +6.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (+67.0% per year) and Taiwan (Chinese) (+12.1% per year).

Export Prices by Country

The average air conditioning machine export price stood at $X per unit in 2021, with a decrease of -46.6% against the previous year. Over the period under review, the export price continues to indicate a abrupt curtailment. The pace of growth was the most pronounced in 2015 when the average export price increased by 33% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per unit in 2016; however, from 2017 to 2021, the export prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was Kuwait ($X per unit), while the average price for exports to Qatar ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Taiwan (Chinese) (+12.5%), while the prices for the other major destinations experienced mixed trend patterns.

Air Conditioning Machine Imports

Imports into the Philippines

In 2021, after two years of growth, there was decline in overseas purchases of air conditioning machines, when their volume decreased by -4.9% to X units. In general, imports, however, posted resilient growth. The growth pace was the most rapid in 2016 with an increase of 87%. Imports peaked at X units in 2020, and then contracted modestly in the following year.

In value terms, air conditioning machine imports expanded modestly to $X in 2021. Overall, imports, however, posted prominent growth. The pace of growth was the most pronounced in 2016 with an increase of 65%. Imports peaked at $X in 2019; however, from 2020 to 2021, imports remained at a lower figure.

Imports by Country

China (X units), Thailand (X units) and Malaysia (X units) were the main suppliers of air conditioning machine imports to the Philippines, with a combined 98% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Malaysia (with a CAGR of +26.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest air conditioning machine suppliers to the Philippines were Thailand ($X), China ($X) and Malaysia ($X), with a combined 92% share of total imports.

In terms of the main suppliers, Malaysia, with a CAGR of +22.4%, 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 average air conditioning machine import price stood at $X per unit in 2021, growing by 8.3% against the previous year. In general, the import price, however, continues to indicate a noticeable descent. The pace of growth was the most pronounced in 2018 when the average import price increased by 40% against the previous year. As a result, import price attained the peak level of $X per unit. From 2019 to 2021, the average import prices remained at a lower figure.

Prices varied noticeably country of origin: the country with the highest price was Vietnam ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Vietnam (+14.9%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for air conditioning machines in the world?

The countries with the highest volumes of air conditioning machine consumption in 2020 were China, Japan and the United States, together comprising 42% of global consumption. Saudi Arabia, Iraq, Italy, India, Turkey, Thailand, Germany, Spain, France and Mexico lagged somewhat behind, together accounting for a further 29%.

What are the largest producers of air conditioning machines in the world?

China constituted the country with the largest volume of air conditioning machine production, accounting for 55% of total volume. Moreover, air conditioning machine production in China exceeded the figures recorded by the second-largest producer, Japan, fivefold. The third position in this ranking was occupied by Thailand, with a 9.2% share.

What are the leading suppliers of air conditioning machines to the Philippines?

In value terms, the largest air conditioning machine suppliers to the Philippines were China, Thailand and Malaysia, with a combined 97% share of total imports.

What are the leading importers of air conditioning machines from the Philippines?

In value terms, Hong Kong SAR remains the key foreign market for air conditioning machine exports from the Philippines, comprising 60% of total exports. The second position in the ranking was occupied by Japan, with a 28% share of total exports. It was followed by Taiwan Chinese), with a 7% share.

What is the average export price for air conditioning machines in the Philippines?

In 2020, the average air conditioning machine export price amounted to $7,582 per ton, dropping by -31.6% against the previous year.

What is the average import price for air conditioning machines in the Philippines?

In 2020, the average air conditioning machine import price amounted to $11,542 per ton, surging by 56% against the previous year.

This report provides an in-depth analysis of the air conditioning machine market in the Philippines. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 28251220 - Window or wall air conditioning systems, self-contained or split-systems
Prodcom 28251240 - Air conditioning machines of a kind used in motor vehicles
Prodcom 28251250 - Air conditioning machines with refrigeration unit (excluding those used in motor vehicles, self-contained or split-systems machines)
Prodcom 28251270 - Air conditioning machines not containing a refrigeration unit, c entral station air handling units, vav boxes and terminals, c onstant volume units and fan coil units

Country coverage:

Philippines

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in the Philippines
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023