Saudi Arabia: Market for Air conditioning Machines without Refrigeration Unit 2024

Market Size for Air conditioning Machines without Refrigeration Unit in Saudi Arabia

After three years of growth, the Saudi market for air conditioning machines without refrigeration unit decreased by -0.5% to $X in 2022. Over the period under review, consumption, however, saw a strong increase. Over the period under review, the market hit record highs at $X in 2021, and then contracted in the following year.

Production of Air conditioning Machines without Refrigeration Unit in Saudi Arabia

In value terms, production of air conditioning machines without refrigeration unit expanded markedly to $X in 2022 estimated in export price. In general, production recorded a strong expansion. The growth pace was the most rapid in 2017 with an increase of 171%. Over the period under review, production of attained the maximum level at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Exports of Air conditioning Machines without Refrigeration Unit

Exports from Saudi Arabia

Exports of air conditioning machines without refrigeration unit from Saudi Arabia reached X units in 2022, rising by 6.8% against the previous year. Over the period under review, exports enjoyed a strong increase. The most prominent rate of growth was recorded in 2019 with an increase of 920% against the previous year. Over the period under review, the exports of reached the peak figure at X units in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

In value terms, exports of air conditioning machines without refrigeration unit dropped to $X in 2022. In general, exports showed strong growth. The pace of growth appeared the most rapid in 2019 with an increase of 816% against the previous year. The exports peaked at $X in 2021, and then declined in the following year.

Exports by Country

The United Arab Emirates (X units) was the main destination for exports of air conditioning machines without refrigeration unit from Saudi Arabia, accounting for a 68% share of total exports. Moreover, exports of air conditioning machines without refrigeration unit to the United Arab Emirates exceeded the volume sent to the second major destination, Oman (X units), fourfold. Bahrain (X units) ranked third in terms of total exports with a 9.2% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United Arab Emirates amounted to +40.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Oman (+13.6% per year) and Bahrain (+16.7% per year).

In value terms, the largest markets for air conditioning machins without refrigeration unit exported from Saudi Arabia were the United Arab Emirates ($X), Oman ($X) and Egypt ($X), with a combined 93% share of total exports.

The United Arab Emirates, with a CAGR of +34.3%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average export price for air conditioning machines without refrigeration unit stood at $X per unit in 2022, shrinking by -6.6% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.7%. The pace of growth was the most pronounced in 2015 when the average export price increased by 17%. The export price peaked at $X per unit in 2021, and then shrank in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Egypt ($X per unit), while the average price for exports to Bahrain ($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 Oman (+14.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Air conditioning Machines without Refrigeration Unit

Imports into Saudi Arabia

Imports of air conditioning machines without refrigeration unit into Saudi Arabia shrank notably to X units in 2022, waning by -50% against the previous year. Overall, imports, however, posted a significant increase. The growth pace was the most rapid in 2013 with an increase of 25%. Imports peaked at X units in 2021, and then reduced notably in the following year.

In value terms, imports of air conditioning machines without refrigeration unit reduced slightly to $X in 2022. In general, imports, however, posted resilient growth. The pace of growth appeared the most rapid in 2016 with an increase of 105% against the previous year. Imports peaked at $X in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, the United Arab Emirates (X units) constituted the largest air conditioning machins without refrigeration unit supplier to Saudi Arabia, with a 45% share of total imports. Moreover, imports of air conditioning machines without refrigeration unit from the United Arab Emirates exceeded the figures recorded by the second-largest supplier, China (X units), threefold. Thailand (X units) ranked third in terms of total imports with a 12% share.

From 2012 to 2022, the average annual growth rate of volume from the United Arab Emirates stood at +97.6%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+25.7% per year) and Thailand (0.0% per year).

In value terms, the United Arab Emirates ($X) constituted the largest supplier of air conditioning machines without refrigeration unit to Saudi Arabia, comprising 39% of total imports. The second position in the ranking was taken by Thailand ($X), with a 10% share of total imports. It was followed by China, with a 9.2% share.

From 2012 to 2022, the average annual growth rate of value from the United Arab Emirates amounted to +120.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (+28.8% per year) and China (+14.7% per year).

Import Prices by Country

In 2022, the average import price for air conditioning machines without refrigeration unit amounted to $X per unit, increasing by 93% against the previous year. In general, the import price, however, saw a deep downturn. The most prominent rate of growth was recorded in 2014 when the average import price increased by 235%. As a result, import price reached the peak level of $X per unit. From 2015 to 2022, the average import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+1.6%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform