South-Eastern Asia: Market for Air Conditioning Machines For Motor Vehicles 2024

Market Size for Air Conditioning Machines For Motor Vehicles in South-Eastern Asia

The Southeast Asian market for air conditioning machines for motor vehicles reached $X in 2022, therefore, remained relatively stable against the previous year. Overall, consumption, however, saw resilient growth. The level of consumption peaked at $X in 2020; afterwards, it flattened through to 2022.

Production of Air Conditioning Machines For Motor Vehicles in South-Eastern Asia

In value terms, motor vehicle air conditioning machine production stood at $X in 2022 estimated in export price. Overall, production, however, showed a resilient increase. The pace of growth appeared the most rapid in 2014 when the production volume increased by 49%. Over the period under review, production reached the peak level at $X in 2020; afterwards, it flattened through to 2022.

Exports of Air Conditioning Machines For Motor Vehicles

Exports in South-Eastern Asia

In 2022, approx. X units of air conditioning machines for motor vehicles were exported in South-Eastern Asia; approximately mirroring the year before. In general, exports continue to indicate a perceptible decline. The most prominent rate of growth was recorded in 2021 when exports increased by 20% against the previous year. The volume of export peaked at X units in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, motor vehicle air conditioning machine exports reduced to $X in 2022. Over the period under review, exports continue to indicate a abrupt shrinkage. The most prominent rate of growth was recorded in 2017 when exports increased by 28%. Over the period under review, the exports reached the maximum at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Thailand represented the major exporting country with an export of around X units, which recorded 63% of total exports. The Philippines (X units) held a 13% share (based on physical terms) of total exports, which put it in second place, followed by Malaysia (9.4%), Indonesia (8%) and Singapore (5.3%).

From 2012 to 2022, average annual rates of growth with regard to motor vehicle air conditioning machine exports from Thailand stood at -6.8%. At the same time, the Philippines (+62.9%) and Malaysia (+8.4%) displayed positive paces of growth. Moreover, the Philippines emerged as the fastest-growing exporter exported in South-Eastern Asia, with a CAGR of +62.9% from 2012-2022. Singapore experienced a relatively flat trend pattern. By contrast, Indonesia (-6.8%) illustrated a downward trend over the same period. While the share of the Philippines (+13 p.p.), Malaysia (+6.7 p.p.) and Singapore (+1.6 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Indonesia (-2.4 p.p.) and Thailand (-19.6 p.p.) displayed negative dynamics.

In value terms, Thailand ($X) remains the largest motor vehicle air conditioning machine supplier in South-Eastern Asia, comprising 50% of total exports. The second position in the ranking was taken by the Philippines ($X), with a 16% share of total exports. It was followed by Indonesia, with a 16% share.

In Thailand, motor vehicle air conditioning machine exports declined by an average annual rate of -11.1% over the period from 2012-2022. In the other countries, the average annual rates were as follows: the Philippines (+74.6% per year) and Indonesia (-0.3% per year).

Export Prices by Country

The export price in South-Eastern Asia stood at $X per unit in 2022, which is down by -12.3% against the previous year. Overall, the export price saw a noticeable curtailment. The most prominent rate of growth was recorded in 2017 an increase of 27% against the previous year. The level of export peaked at $X per unit in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

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 Indonesia ($X per unit), while Thailand ($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 Philippines (+7.2%), while the other leaders experienced mixed trends in the export price figures.

Imports of Air Conditioning Machines For Motor Vehicles

Imports in South-Eastern Asia

In 2022, the amount of air conditioning machines for motor vehicles imported in South-Eastern Asia reduced modestly to X units, shrinking by -2.2% compared with 2021 figures. Over the period under review, imports recorded a mild reduction. The pace of growth appeared the most rapid in 2021 with an increase of 33% against the previous year. The volume of import peaked at X units in 2015; however, from 2016 to 2022, imports remained at a lower figure.

In value terms, motor vehicle air conditioning machine imports expanded significantly to $X in 2022. In general, imports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when imports increased by 33%. The level of import peaked at $X in 2015; however, from 2016 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Thailand (X units), Malaysia (X units) and Vietnam (X units) was the main importer of air conditioning machines for motor vehicles in South-Eastern Asia, creating 88% of total import. It was distantly followed by Singapore (X units), making up a 6.4% share of total imports. The following importers - the Philippines (X units) and Indonesia (X units) - each accounted for a 3.9% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Singapore (with a CAGR of +8.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Thailand ($X), Malaysia ($X) and Vietnam ($X) were the countries with the highest levels of imports in 2022, with a combined 83% share of total imports. These countries were followed by Singapore, Indonesia and the Philippines, which together accounted for a further 16%.

In terms of the main importing countries, Singapore, with a CAGR of +11.5%, recorded the highest growth rate of 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

In 2022, the import price in South-Eastern Asia amounted to $X per unit, picking up by 8.9% against the previous year. Over the last decade, it increased at an average annual rate of +1.1%. The growth pace was the most rapid in 2018 when the import price increased by 15% against the previous year. The level of import peaked in 2022 and is expected to retain growth in the near future.

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 Indonesia ($X per unit), while Malaysia ($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 Philippines (+23.8%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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