Spain: Market for Air conditioning Machines without Refrigeration Unit 2024

Market Size for Air conditioning Machines without Refrigeration Unit in Spain

The Spanish market for air conditioning machines without refrigeration unit skyrocketed to $X in 2022, rising by 2,179% against the previous year. Over the period under review, consumption recorded a buoyant expansion. Consumption of peaked at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Production of Air conditioning Machines without Refrigeration Unit in Spain

In value terms, production of air conditioning machines without refrigeration unit reached $X in 2022 estimated in export price. Overall, the total production indicated a pronounced increase from 2012 to 2022: its value increased at an average annual rate of +2.4% 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 -6.2% against 2018 indices. The pace of growth appeared the most rapid in 2018 with an increase of 57%. As a result, production reached the peak level of $X. From 2019 to 2022, production of growth failed to regain momentum.

Exports of Air conditioning Machines without Refrigeration Unit

Exports from Spain

In 2022, the amount of air conditioning machines without refrigeration unit exported from Spain skyrocketed to X units, picking up by 19% on the previous year's figure. Over the period under review, total exports indicated a prominent expansion from 2012 to 2022: its volume increased at an average annual rate of +11.5% 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 +7.9% against 2018 indices. The growth pace was the most rapid in 2013 when exports increased by 106% against the previous year. Over the period under review, the exports of hit record highs in 2022 and are expected to retain growth in the immediate term.

In value terms, exports of air conditioning machines without refrigeration unit amounted to $X in 2022. In general, total exports indicated a prominent expansion from 2012 to 2022: its value increased at an average annual rate of +9.3% 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 2013 when exports increased by 131%. The exports peaked at $X in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

France (X units), Germany (X units) and Singapore (X units) were the main destinations of exports of air conditioning machines without refrigeration unit from Spain, together comprising 39% of total exports. The United Arab Emirates, Morocco, Portugal, the UK, Greece, Japan, Taiwan (Chinese), the Netherlands, Italy and Ecuador lagged somewhat behind, together accounting for a further 45%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Japan (with a CAGR of +98.5%), while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Singapore ($X) and the UK ($X) appeared to be the largest markets for air conditioning machins without refrigeration unit exported from Spain worldwide, with a combined 36% share of total exports. France, the United Arab Emirates, Taiwan (Chinese), Portugal, Ecuador, Morocco, Japan, the Netherlands, Greece and Italy lagged somewhat behind, together accounting for a further 45%.

In terms of the main countries of destination, Taiwan (Chinese), with a CAGR of +377.0%, recorded 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 without refrigeration unit stood at $X per unit in 2022, declining by -15% against the previous year. Over the period under review, the export price continues to indicate a perceptible decrease. The pace of growth was the most pronounced in 2018 an increase of 15% against the previous year. Over the period under review, the average export prices reached the maximum at $X per unit in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was the UK ($X per unit), while the average price for exports to Greece ($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 the UK (+8.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Air conditioning Machines without Refrigeration Unit

Imports into Spain

In 2022, supplies from abroad of air conditioning machines without refrigeration unit decreased by -29.7% to X units for the first time since 2019, thus ending a two-year rising trend. In general, imports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 when imports increased by 56% against the previous year. Over the period under review, imports of hit record highs at X units in 2021, and then contracted rapidly in the following year.

In value terms, imports of air conditioning machines without refrigeration unit rose slightly to $X in 2022. Over the period under review, imports, however, saw resilient growth. The pace of growth was the most pronounced in 2018 when imports increased by 68% against the previous year. Over the period under review, imports of attained the maximum in 2022 and are likely to see gradual growth in years to come.

Imports by Country

Italy (X units), Morocco (X units) and Germany (X units) were the main suppliers of imports of air conditioning machines without refrigeration unit to Spain, together accounting for 70% of total imports. China, France, Slovakia, Ireland and Poland lagged somewhat behind, together accounting for a further 23%.

From 2012 to 2022, the biggest increases were recorded for Ireland (with a CAGR of +129.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X), Germany ($X) and Morocco ($X) were the largest air conditioning machins without refrigeration unit suppliers to Spain, together comprising 56% of total imports. Ireland, France, China, Slovakia and Poland lagged somewhat behind, together accounting for a further 31%.

In terms of the main suppliers, Ireland, with a CAGR of +118.6%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average import price for air conditioning machines without refrigeration unit stood at $X per unit in 2022, increasing by 48% against the previous year. In general, import price indicated prominent growth from 2012 to 2022: its price increased at an average annual rate of +8.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for air conditioning machines without refrigeration unit increased by +48.4% against 2020 indices. The pace of growth appeared the most rapid in 2018 when the average import price increased by 72%. Over the period under review, average import prices hit record highs in 2022 and is likely to see gradual growth in years to come.

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 Ireland ($X per unit), while the price for Poland ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+10.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform