Russian Federation: Air Conditioning Machine Market 2024

Air Conditioning Machine Market Size in the Russian Federation

The Russian air conditioning machine market soared to $X in 2022, rising by 32% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption, however, saw a pronounced shrinkage. Air conditioning machine consumption peaked at $X in 2013; however, from 2014 to 2022, consumption remained at a lower figure.

Air Conditioning Machine Exports

Exports from the Russian Federation

In 2022, overseas shipments of non-window or wall air conditioning machines increased by 0.1% to X units, rising for the second year in a row after two years of decline. The total export volume increased at an average annual rate of +1.8% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2016 with an increase of 33%. Over the period under review, the exports hit record highs at X units in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

In value terms, air conditioning machine exports dropped to $X in 2022. In general, exports, however, showed a mild decrease. The most prominent rate of growth was recorded in 2018 with an increase of 49% against the previous year. As a result, the exports attained the peak of $X. From 2019 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Kazakhstan (X units) was the main destination for air conditioning machine exports from Russia, accounting for a 51% share of total exports. Moreover, air conditioning machine exports to Kazakhstan exceeded the volume sent to the second major destination, Armenia (X units), threefold. The third position in this ranking was taken by Uzbekistan (X units), with a 7.6% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Kazakhstan totaled +15.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Armenia (+21.9% per year) and Uzbekistan (+30.9% per year).

In value terms, Kazakhstan ($X) remains the key foreign market for non-window or wall air conditioning machines exports from Russia, comprising 60% of total exports. The second position in the ranking was taken by Armenia ($X), with a 9.8% share of total exports. It was followed by Uzbekistan, with an 8.9% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Kazakhstan amounted to +14.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Armenia (+28.3% per year) and Uzbekistan (+9.1% per year).

Export Prices by Country

In 2022, the average air conditioning machine export price amounted to $X per unit, shrinking by -5.5% against the previous year. Over the period under review, the export price showed a noticeable descent. The pace of growth appeared the most rapid in 2018 an increase of 34% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per unit in 2015; however, from 2016 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Uzbekistan ($X per unit), while the average price for exports to Armenia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Armenia (+5.2%), while the prices for the other major destinations experienced more modest paces of growth.

Air Conditioning Machine Imports

Imports into the Russian Federation

In 2022, approx. X units of non-window or wall air conditioning machines were imported into Russia; rising by 70% on the year before. Over the period under review, imports, however, saw a relatively flat trend pattern. Over the period under review, imports hit record highs at X units in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

In value terms, air conditioning machine imports totaled $X in 2022. In general, imports, however, continue to indicate a deep slump. The most prominent rate of growth was recorded in 2019 with an increase of 33% against the previous year. Over the period under review, imports attained the peak figure at $X in 2013; however, from 2014 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X units) constituted the largest air conditioning machine supplier to Russia, accounting for a 86% share of total imports. It was followed by France (X units), with a 2.4% share of total imports. Spain (X units) ranked third in terms of total imports with a 1.8% share.

From 2012 to 2022, the average annual growth rate of volume from China totaled +8.1%. The remaining supplying countries recorded the following average annual rates of imports growth: France (-5.6% per year) and Spain (+9.8% per year).

In value terms, China ($X) constituted the largest supplier of non-window or wall air conditioning machines to Russia, comprising 36% of total imports. The second position in the ranking was taken by Germany ($X), with an 11% share of total imports. It was followed by Poland, with an 8.7% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China amounted to +1.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-7.7% per year) and Poland (-8.5% per year).

Import Prices by Country

In 2022, the average air conditioning machine import price amounted to $X per unit, dropping by -41.3% against the previous year. In general, the import price saw a deep contraction. The pace of growth was the most pronounced in 2018 when the average import price increased by 17%. The import price peaked at $X per unit in 2019; however, from 2020 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the Netherlands ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+28.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform