Spain: Market for Air Conditioning Machines For Motor Vehicles 2024

Market Size for Air Conditioning Machines For Motor Vehicles in Spain

The Spanish market for air conditioning machines for motor vehicles declined slightly to $X in 2022, shrinking by -3.5% against the previous year. In general, consumption, however, enjoyed a strong expansion. Motor vehicle air conditioning machine consumption peaked at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Production of Air Conditioning Machines For Motor Vehicles in Spain

In value terms, motor vehicle air conditioning machine production amounted to $X in 2022 estimated in export price. Over the period under review, the total production indicated noticeable growth from 2012 to 2022: its value increased at an average annual rate of +2.9% 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 -9.8% against 2018 indices. The growth pace was the most rapid in 2017 when the production volume increased by 44% against the previous year. Over the period under review, production hit record highs at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

Exports of Air Conditioning Machines For Motor Vehicles

Exports from Spain

In 2022, overseas shipments of air conditioning machines for motor vehicles increased by 24% to X units, rising for the second consecutive year after two years of decline. Overall, exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when exports increased by 96% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.

In value terms, motor vehicle air conditioning machine exports amounted to $X in 2022. Over the period under review, total exports indicated a pronounced expansion from 2012 to 2022: its value increased at an average annual rate of +3.9% 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 +124.0% against 2020 indices. The pace of growth appeared the most rapid in 2021 when exports increased by 115%. Over the period under review, the exports attained the peak figure in 2022 and are likely to see gradual growth in the near future.

Exports by Country

The UK (X units), the Netherlands (X units) and Belgium (X units) were the main destinations of motor vehicle air conditioning machine exports from Spain, together comprising 63% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Belgium (with a CAGR of +73.4%), while the other leaders experienced more modest paces of growth.

In value terms, the UK ($X), the Netherlands ($X) and France ($X) constituted the largest markets for motor vehicle air conditioning machine exported from Spain worldwide, together accounting for 63% of total exports. These countries were followed by Belgium, the Czech Republic, Sweden, Mexico, Germany, Italy, Poland, Gibraltar, Morocco and Argentina, which together accounted for a further 30%.

In terms of the main countries of destination, Gibraltar, with a CAGR of +71.8%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average export price for air conditioning machines for motor vehicles stood at $X per unit in 2022, which is down by -16.3% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.2%. The most prominent rate of growth was recorded in 2013 an increase of 29%. The export price peaked at $X per unit in 2021, and then shrank sharply in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was France ($X per unit), while the average price for exports to Argentina ($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 France (+14.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Air Conditioning Machines For Motor Vehicles

Imports into Spain

After three years of growth, supplies from abroad of air conditioning machines for motor vehicles decreased by -26.4% to X units in 2022. Overall, imports, however, enjoyed a strong expansion. The most prominent rate of growth was recorded in 2020 with an increase of 391%. Imports peaked at X units in 2021, and then declined rapidly in the following year.

In value terms, motor vehicle air conditioning machine imports fell to $X in 2022. Over the period under review, imports, however, saw a strong expansion. The pace of growth was the most pronounced in 2020 when imports increased by 153%. Over the period under review, imports reached the peak figure at $X in 2021, and then reduced in the following year.

Imports by Country

In 2022, Morocco (X units) constituted the largest supplier of motor vehicle air conditioning machine to Spain, with a 79% share of total imports. Moreover, motor vehicle air conditioning machine imports from Morocco exceeded the figures recorded by the second-largest supplier, Italy (X units), tenfold. China (X units) ranked third in terms of total imports with a 5.6% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Morocco stood at +847.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+10.2% per year) and China (+21.7% per year).

In value terms, Morocco ($X) constituted the largest supplier of air conditioning machines for motor vehicles to Spain, comprising 65% of total imports. The second position in the ranking was held by Italy ($X), with an 11% share of total imports. It was followed by China, with a 10% share.

From 2012 to 2022, the average annual growth rate of value from Morocco amounted to +700.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+11.9% per year) and China (+19.8% per year).

Import Prices by Country

In 2022, the average import price for air conditioning machines for motor vehicles amounted to $X per unit, surging by 33% against the previous year. Overall, the import price saw pronounced growth. The growth pace was the most rapid in 2015 an increase of 72% against the previous year. As a result, import price reached the peak level of $X per unit. From 2016 to 2022, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the UK ($X per unit), while the price for Morocco ($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 UK (+22.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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