Turkey: Market for Air conditioning Machines without Refrigeration Unit 2024

Market Size for Air conditioning Machines without Refrigeration Unit in Turkey

The Turkish market for air conditioning machines without refrigeration unit fell dramatically to $X in 2022, with a decrease of -43.7% against the previous year. Over the period under review, consumption continues to indicate a abrupt downturn. Over the period under review, the market reached the maximum level at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Production of Air conditioning Machines without Refrigeration Unit in Turkey

In value terms, production of air conditioning machines without refrigeration unit contracted remarkably to $X in 2022 estimated in export price. Over the period under review, production, however, recorded a strong increase. The growth pace was the most rapid in 2018 with an increase of 108%. Production of peaked at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Exports of Air conditioning Machines without Refrigeration Unit

Exports from Turkey

In 2022, approx. X units of air conditioning machines without refrigeration unit were exported from Turkey; stabilizing at the previous year. Over the period under review, total exports indicated resilient growth from 2012 to 2022: its volume increased at an average annual rate of +6.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -0.3% against 2019 indices. The pace of growth was the most pronounced in 2019 when exports increased by 84% against the previous year. As a result, the exports attained the peak of X units. From 2020 to 2022, the growth of the exports of remained at a lower figure.

In value terms, exports of air conditioning machines without refrigeration unit totaled $X in 2022. In general, exports posted a buoyant increase. The pace of growth was the most pronounced in 2013 when exports increased by 77%. The exports peaked in 2022 and are likely to see gradual growth in years to come.

Exports by Country

Germany (X units), Iraq (X units) and Russia (X units) were the main destinations of exports of air conditioning machines without refrigeration unit from Turkey, with a combined 23% share of total exports. Turkmenistan, Pakistan, Uzbekistan, Azerbaijan, Belgium, Poland, Romania, Austria, France and Morocco lagged somewhat behind, together accounting for a further 42%.

From 2012 to 2022, the biggest increases were recorded for Austria (with a CAGR of +128.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for air conditioning machins without refrigeration unit exported from Turkey were Germany ($X), Uzbekistan ($X) and Belgium ($X), together comprising 24% of total exports. Russia, Turkmenistan, Azerbaijan, Iraq, Austria, Pakistan, Poland, Romania, France and Morocco lagged somewhat behind, together accounting for a further 40%.

Austria, with a CAGR of +127.8%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average export price for air conditioning machines without refrigeration unit amounted to $X per unit, increasing by 4.2% against the previous year. In general, the export price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2018 when the average export price increased by 17% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2019 to 2022, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Belgium ($X per unit), while the average price for exports to Iraq ($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 Belgium (+2.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Air conditioning Machines without Refrigeration Unit

Imports into Turkey

For the fourth year in a row, Turkey recorded decline in overseas purchases of air conditioning machines without refrigeration unit, which decreased by -18.7% to X units in 2022. In general, imports continue to indicate a deep reduction. The growth pace was the most rapid in 2014 when imports increased by 29% against the previous year. As a result, imports reached the peak of X units. From 2015 to 2022, the growth of imports of failed to regain momentum.

In value terms, imports of air conditioning machines without refrigeration unit shrank markedly to $X in 2022. Overall, imports recorded a perceptible decrease. The pace of growth was the most pronounced in 2014 with an increase of 38% against the previous year. As a result, imports attained the peak of $X. From 2015 to 2022, the growth of imports of remained at a lower figure.

Imports by Country

In 2022, Italy (X units) constituted the largest supplier of air conditioning machins without refrigeration unit to Turkey, accounting for a 56% share of total imports. Moreover, imports of air conditioning machines without refrigeration unit from Italy exceeded the figures recorded by the second-largest supplier, Germany (X units), fivefold. The third position in this ranking was held by the Czech Republic (X units), with a 4.9% share.

From 2012 to 2022, the average annual growth rate of volume from Italy stood at -3.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-1.7% per year) and the Czech Republic (-14.2% per year).

In value terms, Italy ($X) constituted the largest supplier of air conditioning machines without refrigeration unit to Turkey, comprising 46% of total imports. The second position in the ranking was held by Germany ($X), with a 16% share of total imports. It was followed by Poland, with a 5.3% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Italy totaled -1.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-1.6% per year) and Poland (+11.2% per year).

Import Prices by Country

In 2022, the average import price for air conditioning machines without refrigeration unit amounted to $X per unit, growing by 2.6% against the previous year. Over the period under review, import price indicated strong growth from 2012 to 2022: its price increased at an average annual rate of +6.5% 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 +96.4% against 2015 indices. The pace of growth appeared the most rapid in 2016 when the average import price increased by 33%. The import price peaked in 2022 and is expected to retain 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 Poland ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+15.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform