Spain: Air Conditioning Machine Market 2024

Air Conditioning Machine Market Size in Spain

The Spanish air conditioning machine market rose significantly to $X in 2021, surging by 6.3% against the previous year. Over the period under review, the total consumption indicated a remarkable increase from 2012 to 2021: its value increased at an average annual rate of +6.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +103.0% against 2013 indices. Over the period under review, the market attained the peak level in 2021 and is expected to retain growth in the immediate term.

Air Conditioning Machine Production in Spain

In value terms, air conditioning machine production totaled $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.2% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 with an increase of 24% against the previous year. Over the period under review, production hit record highs at $X in 2018; however, from 2019 to 2021, production remained at a lower figure.

Air Conditioning Machine Exports

Exports from Spain

In 2021, the amount of air conditioning machines exported from Spain skyrocketed to X units, growing by 20% compared with 2020. In general, total exports indicated a buoyant expansion from 2012 to 2021: its volume increased at an average annual rate of +6.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +60.5% against 2017 indices. The growth pace was the most rapid in 2018 when exports increased by 27% against the previous year. The exports peaked in 2021 and are expected to retain growth in the immediate term.

In value terms, air conditioning machine exports surged to $X in 2021. Overall, total exports indicated a prominent increase from 2012 to 2021: its value increased at an average annual rate of +8.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2013 with an increase of 30%. Over the period under review, the exports reached the peak figure in 2021 and are likely to see steady growth in years to come.

Exports by Country

France (X units) was the main destination for air conditioning machine exports from Spain, with a 28% share of total exports. Moreover, air conditioning machine exports to France exceeded the volume sent to the second major destination, Italy (X units), twofold. The third position in this ranking was held by Portugal (X units), with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to France totaled +10.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (+10.2% per year) and Portugal (-0.4% per year).

In value terms, France ($X) remains the key foreign market for air conditioning machine exports from Spain, comprising 31% of total exports. The second position in the ranking was taken by Italy ($X), with a 15% share of total exports. It was followed by Portugal, with an 8% share.

From 2012 to 2021, the average annual growth rate of value to France totaled +11.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (+10.4% per year) and Portugal (+4.4% per year).

Export Prices by Country

The average air conditioning machine export price stood at $X per unit in 2021, increasing by 3.7% against the previous year. Over the last nine-year period, it increased at an average annual rate of +1.8%. The pace of growth was the most pronounced in 2017 an increase of 12% against the previous year. The export price peaked at $X per unit in 2014; however, from 2015 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was Poland ($X per unit), while the average price for exports to Morocco ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+4.9%), while the prices for the other major destinations experienced more modest paces of growth.

Air Conditioning Machine Imports

Imports into Spain

In 2021, supplies from abroad of air conditioning machines increased by 17% to X units, rising for the second year in a row after two years of decline. Over the period under review, imports saw strong growth. The growth pace was the most rapid in 2016 with an increase of 34%. Imports peaked in 2021 and are expected to retain growth in years to come.

In value terms, air conditioning machine imports soared to $X in 2021. In general, total imports indicated a perceptible increase from 2012 to 2021: its value increased at an average annual rate of +4.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +17.0% against 2019 indices. The growth pace was the most rapid in 2016 when imports increased by 19% against the previous year. Over the period under review, imports reached the maximum in 2021 and are expected to retain growth in the near future.

Imports by Country

In 2021, China (X units) constituted the largest supplier of air conditioning machine to Spain, accounting for a 59% share of total imports. Moreover, air conditioning machine imports from China exceeded the figures recorded by the second-largest supplier, Morocco (X units), threefold. The third position in this ranking was held by Italy (X units), with a 9.7% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China amounted to +9.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Morocco (+149.6% per year) and Italy (+9.4% per year).

In value terms, China ($X) constituted the largest supplier of air conditioning machine to Spain, comprising 61% of total imports. The second position in the ranking was held by Italy ($X), with a 10% share of total imports. It was followed by Morocco, with a 6.9% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China stood at +7.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+6.1% per year) and Morocco (+108.5% per year).

Import Prices by Country

In 2021, the average air conditioning machine import price amounted to $X per unit, remaining constant against the previous year. Overall, the import price continues to indicate a noticeable shrinkage. The pace of growth was the most pronounced in 2013 an increase of 12% against the previous year. The import price peaked at $X per unit in 2014; however, from 2015 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Japan ($X per unit), while the price for Morocco ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Portugal (+16.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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