Southern 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 Southern Asia

In 2022, the South Asian market for window or wall air conditioning systems, self-contained or split-systems decreased by -12.5% to $X, falling for the second year in a row after three years of growth. Overall, consumption showed a pronounced descent. Over the period under review, the market hit record highs at $X in 2013; however, from 2014 to 2022, consumption remained at a lower figure.

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

In value terms, production of window or wall air conditioning systems, self-contained or split-systems amounted to $X in 2022 estimated in export price. In general, production showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 with an increase of 307%. The level of production peaked at $X in 2013; however, from 2014 to 2022, production stood at a somewhat lower figure.

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

Exports in Southern Asia

In 2022, the amount of window or wall air conditioning systems, self-contained or split-systems exported in Southern Asia surged to X units, increasing by 35% against 2021 figures. Overall, exports enjoyed a significant expansion. The most prominent rate of growth was recorded in 2013 with an increase of 121% against the previous year. Over the period under review, the exports of attained the peak figure in 2022 and are expected to retain growth in the near future.

In value terms, exports of window or wall air conditioning systems, self-contained or split-systems skyrocketed to $X in 2022. In general, exports continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2013 when exports increased by 152%. The level of export peaked in 2022 and is expected to retain growth in the immediate term.

Exports by Country

India (X units) represented roughly 99% of total exports in 2022.

India 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 +33.3% from 2012 to 2022. From 2012 to 2022, the share of India increased by +41 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 window, wall, or split air conditioning system supplier in Southern Asia.

In India, exports of window or wall air conditioning systems, self-contained or split-systems increased at an average annual rate of +29.2% over the period from 2012-2022.

Export Prices by Country

The export price in Southern Asia stood at $X per unit in 2022, increasing by 13% against the previous year. In general, the export price, however, showed a slight curtailment. The most prominent rate of growth was recorded in 2019 when the export price increased by 14%. The level of export peaked at $X per unit in 2014; however, from 2015 to 2022, the export prices remained at a 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 -3.1% per year.

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

Imports in Southern Asia

Imports of window or wall air conditioning systems, self-contained or split-systems shrank dramatically to X units in 2022, dropping by -23.8% against 2021 figures. In general, imports recorded a abrupt curtailment. The pace of growth appeared the most rapid in 2017 with an increase of 28%. Over the period under review, imports of reached the maximum at X units in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

In value terms, imports of window or wall air conditioning systems, self-contained or split-systems contracted sharply to $X in 2022. Overall, imports recorded a deep contraction. The most prominent rate of growth was recorded in 2017 with an increase of 21%. The level of import peaked at $X in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

Imports by Country

India was the key importer of window or wall air conditioning systems, self-contained or split-systems in Southern Asia, with the volume of imports recording X units, which was approx. 66% of total imports in 2022. Bangladesh (X units) held the second position in the ranking, distantly followed by Maldives (X units). All these countries together held approx. 22% share of total imports. Nepal (X units), Sri Lanka (X units), Afghanistan (X units) and Pakistan (X units) took a relatively small share of total imports.

From 2012 to 2022, average annual rates of growth with regard to window, wall, or split air conditioning system imports into India stood at -8.9%. At the same time, Maldives (+17.9%), Nepal (+12.7%) and Bangladesh (+9.5%) displayed positive paces of growth. Moreover, Maldives emerged as the fastest-growing importer imported in Southern Asia, with a CAGR of +17.9% from 2012-2022. Sri Lanka experienced a relatively flat trend pattern. By contrast, Afghanistan (-5.9%) and Pakistan (-6.3%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Bangladesh, Maldives, Nepal and Sri Lanka increased by +13, +4.3, +3.1 and +1.6 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) constitutes the largest market for imported window or wall air conditioning systems, self-contained or split-systems in Southern Asia, comprising 61% of total imports. The second position in the ranking was held by Bangladesh ($X), with a 19% share of total imports. It was followed by Maldives, with a 5.4% share.

In India, imports of window or wall air conditioning systems, self-contained or split-systems decreased by an average annual rate of -8.5% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Bangladesh (+9.5% per year) and Maldives (+14.3% per year).

Import Prices by Country

The import price in Southern Asia stood at $X per unit in 2022, surging by 5.7% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. The growth pace was the most rapid in 2021 an increase of 20% against the previous year. Over the period under review, import prices attained the maximum at $X per unit in 2015; however, from 2016 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Pakistan (+4.1%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :