Southern Asia: Hvac Equipment Market 2024

Hvac Equipment Market Size in Southern Asia

The South Asian HVAC equipment market was estimated at $X in 2022, almost unchanged from the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern remained consistent, with only minor fluctuations being observed in certain years. Over the period under review, the market reached the maximum level at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Hvac Equipment Production in Southern Asia

In value terms, HVAC equipment production dropped modestly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern remained consistent, with only minor fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2013 with an increase of X%. Over the period under review, production attained the peak level at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Hvac Equipment Exports

Exports in Southern Asia

In 2022, shipments abroad of HVAC equipment increased by X% to X units, rising for the seventh consecutive year after two years of decline. In general, exports posted a significant increase. The growth pace was the most rapid in 2013 when exports increased by X% against the previous year. The volume of export peaked in 2022 and is likely to see gradual growth in the near future.

In value terms, HVAC equipment exports totaled $X in 2022. Overall, exports showed prominent growth. The pace of growth appeared the most rapid in 2013 with an increase of X%. The level of export peaked in 2022 and is expected to retain growth in years to come.

Exports by Country

In 2022, India (X units) represented the largest exporter of HVAC equipment in Southern Asia, committing X% of total export.

India was also the fastest-growing in terms of the HVAC equipment exports, with a CAGR of X% from 2012 to 2022. From 2012 to 2022, the share of India increased by X percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) also remains the largest HVAC equipment supplier in Southern Asia.

In India, HVAC equipment exports expanded at an average annual rate of X% over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in Southern Asia amounted to $X per unit, declining by X% against the previous year. Over the period under review, the export price showed a deep contraction. The most prominent rate of growth was recorded in 2013 an increase of X% against the previous year. Over the period under review, the export prices reached the peak figure at $X per unit in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for India.

From 2012 to 2022, the rate of growth in terms of prices for India amounted to X% per year.

Hvac Equipment Imports

Imports in Southern Asia

In 2022, the amount of HVAC equipment imported in Southern Asia skyrocketed to X units, surging by X% compared with the previous year's figure. Overall, imports continue to indicate a prominent expansion. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. The volume of import peaked in 2022 and is likely to see steady growth in the near future.

In value terms, HVAC equipment imports reduced slightly to $X in 2022. Total imports indicated a perceptible expansion 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, imports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2017 when imports increased by X%. Over the period under review, imports hit record highs at $X in 2018; however, from 2019 to 2022, imports remained at a lower figure.

Imports by Country

India dominates imports structure, finishing at X units, which was approx. X% of total imports in 2022. It was distantly followed by Bangladesh (X units), generating a X% share of total imports. The following importers - Sri Lanka (X units) and Nepal (X units) - each accounted for a X% share of total imports.

Imports into India increased at an average annual rate of X% from 2012 to 2022. At the same time, Bangladesh (X%) and Nepal (X%) displayed positive paces of growth. Moreover, Bangladesh emerged as the fastest-growing importer imported in Southern Asia, with a CAGR of X% from 2012-2022. By contrast, Sri Lanka (X%) illustrated a downward trend over the same period. India (X p.p.) and Bangladesh (X p.p.) significantly strengthened its position in terms of the total imports, while Sri Lanka saw its share reduced by X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) constitutes the largest market for imported HVAC equipment in Southern Asia, comprising X% of total imports. The second position in the ranking was held by Bangladesh ($X), with a X% share of total imports. It was followed by Sri Lanka, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in India amounted to X%. The remaining importing countries recorded the following average annual rates of imports growth: Bangladesh (X% per year) and Sri Lanka (X% per year).

Import Prices by Country

In 2022, the import price in Southern Asia amounted to $X per unit, with a decrease of X% against the previous year. Over the period under review, the import price continues to indicate a noticeable slump. The pace of growth appeared the most rapid in 2017 when the import price increased by X%. As a result, import price attained the peak level of $X per unit. From 2018 to 2022, the import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Bangladesh ($X per unit), while India ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Bangladesh (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform