South-Eastern Asia: Market for Window or Wall Air Conditioning Systems, Self-Contained or Split-Systems 2024

Market Size for Window or Wall Air Conditioning Systems, Self-Contained or Split-Systems in South-Eastern Asia

The Southeast Asian market for window or wall air conditioning systems, self-contained or split-systems soared to $X in 2022, with an increase of 18% against the previous year. The total consumption indicated a buoyant increase from 2012 to 2022: its value increased at an average annual rate of +5.4% 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 -1.4% against 2020 indices. Over the period under review, the market reached the maximum level at $X in 2020; afterwards, it flattened through to 2022.

Production of Window or Wall Air Conditioning Systems, Self-Contained or Split-Systems in South-Eastern Asia

In value terms, production of window or wall air conditioning systems, self-contained or split-systems expanded slightly to $X in 2022 estimated in export price. The total production indicated a temperate increase from 2012 to 2022: its value increased at an average annual rate of +3.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -2.3% against 2020 indices. The most prominent rate of growth was recorded in 2016 when the production volume increased by 17%. Over the period under review, production of reached the maximum level at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Exports of Window or Wall Air Conditioning Systems, Self-Contained or Split-Systems

Exports in South-Eastern Asia

For the fifth consecutive year, South-Eastern Asia recorded growth in overseas shipments of window or wall air conditioning systems, self-contained or split-systems, which increased by 10% to X units in 2022. Total exports indicated a resilient expansion from 2012 to 2022: its volume increased at an average annual rate of +6.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +83.2% against 2017 indices. The most prominent rate of growth was recorded in 2020 when exports increased by 20%. Over the period under review, the exports of attained the maximum in 2022 and are expected to retain growth in years to come.

In value terms, exports of window or wall air conditioning systems, self-contained or split-systems rose remarkably to $X in 2022. Total exports indicated a buoyant increase from 2012 to 2022: its value increased at an average annual rate of +5.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +77.2% against 2012 indices. The pace of growth appeared the most rapid in 2021 with an increase of 17%. The level of export peaked in 2022 and is expected to retain growth in the immediate term.

Exports by Country

Thailand was the major exporter of window or wall air conditioning systems, self-contained or split-systems in South-Eastern Asia, with the volume of exports reaching X units, which was near 82% of total exports in 2022. It was distantly followed by Malaysia (X units), achieving a 16% share of total exports.

Thailand was also the fastest-growing in terms of the window or wall air conditioning systems, self-contained or split-systems exports, with a CAGR of +11.3% from 2012 to 2022. Malaysia (-2.0%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Thailand increased by +27 percentage points.

In value terms, Thailand ($X) remains the largest window, wall, or split air conditioning system supplier in South-Eastern Asia, comprising 83% of total exports. The second position in the ranking was taken by Malaysia ($X), with a 13% share of total exports.

In Thailand, exports of window or wall air conditioning systems, self-contained or split-systems increased at an average annual rate of +8.2% over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in South-Eastern Asia amounted to $X per unit, flattening at the previous year. Overall, the export price showed a relatively flat trend pattern. The growth pace was the most rapid in 2017 an increase of 22%. As a result, the export price attained the peak level of $X per unit. From 2018 to 2022, the export prices remained at a lower figure.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Thailand ($X per unit), while Malaysia totaled $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+1.1%).

Imports of Window or Wall Air Conditioning Systems, Self-Contained or Split-Systems

Imports in South-Eastern Asia

After two years of decline, purchases abroad of window or wall air conditioning systems, self-contained or split-systems increased by 12% to X units in 2022. Total imports indicated a strong increase from 2012 to 2022: its volume increased at an average annual rate of +7.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2019 with an increase of 27% against the previous year. The volume of import peaked in 2022 and is likely to continue growth in years to come.

In value terms, imports of window or wall air conditioning systems, self-contained or split-systems expanded remarkably to $X in 2022. Total imports indicated a prominent expansion from 2012 to 2022: its value increased at an average annual rate of +5.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2018 when imports increased by 21%. The level of import peaked at $X in 2019; afterwards, it flattened through to 2022.

Imports by Country

In 2022, Vietnam (X units) represented the largest importer of window or wall air conditioning systems, self-contained or split-systems, comprising 40% of total imports. The Philippines (X units) took the second position in the ranking, followed by Malaysia (X units), Singapore (X units), Thailand (X units) and Indonesia (X units). All these countries together took near 57% share of total imports. Myanmar (X units) held a little share of total imports.

Imports into Vietnam increased at an average annual rate of +14.6% from 2012 to 2022. At the same time, Thailand (+18.2%), the Philippines (+16.0%), Myanmar (+11.6%) and Malaysia (+6.1%) displayed positive paces of growth. Moreover, Thailand emerged as the fastest-growing importer imported in South-Eastern Asia, with a CAGR of +18.2% from 2012-2022. By contrast, Singapore (-2.7%) and Indonesia (-6.0%) illustrated a downward trend over the same period. While the share of Vietnam (+20 p.p.), the Philippines (+9 p.p.) and Thailand (+6.4 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Indonesia (-16.1 p.p.) and Singapore (-17 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Vietnam ($X) constitutes the largest market for imported window or wall air conditioning systems, self-contained or split-systems in South-Eastern Asia, comprising 37% of total imports. The second position in the ranking was taken by Indonesia ($X), with an 18% share of total imports. It was followed by Singapore, with a 14% share.

In Vietnam, imports of window or wall air conditioning systems, self-contained or split-systems increased at an average annual rate of +13.6% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Indonesia (-0.8% per year) and Singapore (-0.5% per year).

Import Prices by Country

In 2022, the import price in South-Eastern Asia amounted to $X per unit, reducing by -6.1% against the previous year. In general, the import price continues to indicate a mild downturn. The pace of growth was the most pronounced in 2018 when the import price increased by 8%. The level of import peaked at $X per unit in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: 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 Indonesia (+5.4%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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