Saudi Arabia: Hvac Equipment Market 2025

Hvac Equipment Market Size in Saudi Arabia

The Saudi HVAC equipment market stood at $X in 2022, remaining constant against the previous year. Over the period under review, the total consumption indicated measured growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by X% against 2020 indices. Over the period under review, the market reached the peak level at $X in 2020; afterwards, it flattened through to 2022.

Hvac Equipment Production in Saudi Arabia

In value terms, HVAC equipment production totaled $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2016 when the production volume increased by X% against the previous year. Production peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Hvac Equipment Exports

Exports from Saudi Arabia

In 2022, shipments abroad of HVAC equipment was finally on the rise to reach X units after three years of decline. Overall, exports, however, showed a abrupt contraction. The growth pace was the most rapid in 2016 when exports increased by X% against the previous year. Over the period under review, the exports attained the peak figure at X units in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

In value terms, HVAC equipment exports reduced to $X in 2022. Over the period under review, exports, however, faced a deep reduction. The most prominent rate of growth was recorded in 2020 when exports increased by X%. Over the period under review, the exports reached the maximum at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Kuwait (X units), Egypt (X units) and the United Arab Emirates (X units) were the main destinations of HVAC equipment exports from Saudi Arabia, together accounting for X% of total exports. Oman, Yemen, Bahrain, Iraq and Pakistan lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the biggest increases were recorded for Yemen (with a CAGR of X%), while shipments for the other leaders experienced a decline.

In value terms, the United Arab Emirates ($X) remains the key foreign market for HVAC equipment exports from Saudi Arabia, comprising X% of total exports. The second position in the ranking was held by Egypt ($X), with a X% share of total exports. It was followed by Oman, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the United Arab Emirates totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Egypt (X% per year) and Oman (X% per year).

Export Prices by Country

In 2022, the average HVAC equipment export price amounted to $X per unit, dropping by X% against the previous year. Overall, the export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the average export price increased by X%. The export price peaked at $X per unit in 2021, and then shrank sharply in the following year.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Pakistan ($X per unit), while the average price for exports to Yemen ($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 Pakistan (X%), while the prices for the other major destinations experienced more modest paces of growth.

Hvac Equipment Imports

Imports into Saudi Arabia

In 2022, the amount of HVAC equipment imported into Saudi Arabia stood at X units, growing by X% on the previous year's figure. The total import volume increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2019 with an increase of X%. Imports peaked at X units in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

In value terms, HVAC equipment imports expanded significantly to $X in 2022. Overall, imports, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 when imports increased by X% against the previous year. As a result, imports reached the peak of $X. From 2016 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, China (X units) constituted the largest HVAC equipment supplier to Saudi Arabia, accounting for a X% share of total imports. It was followed by Thailand (X units), with a X% share of total imports. The third position in this ranking was taken by South Korea (X units), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (X% per year) and South Korea (X% per year).

In value terms, China ($X) constituted the largest supplier of HVAC equipment to Saudi Arabia, comprising X% of total imports. The second position in the ranking was taken by Thailand ($X), with a X% share of total imports. It was followed by the United States, with a X% share.

From 2012 to 2022, the average annual growth rate of value from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (X% per year) and the United States (X% per year).

Import Prices by Country

In 2022, the average HVAC equipment import price amounted to $X per unit, waning by X% against the previous year. Over the period under review, the import price showed a pronounced descent. The pace of growth appeared the most rapid in 2015 when the average import price increased by X% against the previous year. The import price peaked at $X per unit in 2016; however, from 2017 to 2022, import prices stood at a somewhat lower figure.

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 Malaysia (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform