U.S.: Market for Air Conditioning Machines For Motor Vehicles 2024

Market Size for Air Conditioning Machines For Motor Vehicles in the U.S.

The U.S. market for air conditioning machines for motor vehicles expanded to $X in 2022, picking up by 2.5% against the previous year. Over the period under review, consumption saw strong growth. Over the period under review, the market reached the maximum level at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Production of Air Conditioning Machines For Motor Vehicles in the U.S.

In value terms, motor vehicle air conditioning machine production expanded slightly to $X in 2022. Over the period under review, production recorded a prominent expansion. The most prominent rate of growth was recorded in 2016 when the production volume increased by 64% against the previous year. Over the period under review, production reached the maximum level at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Exports of Air Conditioning Machines For Motor Vehicles

Exports from the U.S.

For the third consecutive year, the United States recorded growth in shipments abroad of air conditioning machines for motor vehicles, which increased by 14% to X units in 2022. Over the period under review, exports recorded a buoyant increase. The most prominent rate of growth was recorded in 2015 with an increase of 42%. The exports peaked in 2022 and are expected to retain growth in the near future.

In value terms, motor vehicle air conditioning machine exports reached $X in 2022. Overall, total exports indicated a notable increase 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 +27.9% against 2020 indices. The pace of growth was the most pronounced in 2015 when exports increased by 39% against the previous year. Over the period under review, the exports hit record highs at $X in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Canada (X units) was the main destination for motor vehicle air conditioning machine exports from the United States, with a 55% share of total exports. Moreover, motor vehicle air conditioning machine exports to Canada exceeded the volume sent to the second major destination, Mexico (X units), twofold. Japan (X units) ranked third in terms of total exports with a 5.7% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Canada amounted to +8.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (+24.9% per year) and Japan (+37.0% per year).

In value terms, Canada ($X) remains the key foreign market for air conditioning machines for motor vehicles exports from the United States, comprising 52% of total exports. The second position in the ranking was held by Mexico ($X), with a 25% share of total exports. It was followed by Japan, with a 5.8% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Canada stood at +1.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (+17.9% per year) and Japan (+29.0% per year).

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 -4.7% against the previous year. Over the period under review, the export price continues to indicate a deep contraction. The pace of growth appeared the most rapid in 2014 an increase of 12%. As a result, the export price reached the peak level of $X per unit. From 2015 to 2022, the average export prices failed to regain momentum.

Average prices varied somewhat for the major overseas markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Australia ($X per unit) and Brazil ($X per unit), while the average price for exports to Canada ($X per unit) and Austria ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Australia (-4.2%), while the prices for the other major destinations experienced a decline.

Imports of Air Conditioning Machines For Motor Vehicles

Imports into the U.S.

In 2022, after two years of growth, there was decline in overseas purchases of air conditioning machines for motor vehicles, when their volume decreased by -2% to X units. Over the period under review, imports, however, saw buoyant growth. The growth pace was the most rapid in 2020 with an increase of 47%. Over the period under review, imports reached the peak figure at X units in 2021, and then fell in the following year.

In value terms, motor vehicle air conditioning machine imports declined modestly to $X in 2022. Overall, total imports indicated a strong increase from 2012 to 2022: its value increased at an average annual rate of +6.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +31.6% against 2019 indices. The most prominent rate of growth was recorded in 2014 when imports increased by 34%. Over the period under review, imports hit record highs at $X in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Mexico (X units) constituted the largest motor vehicle air conditioning machine supplier to the United States, with a 59% share of total imports. Moreover, motor vehicle air conditioning machine imports from Mexico exceeded the figures recorded by the second-largest supplier, China (X units), threefold. The third position in this ranking was taken by Canada (X units), with a 14% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Mexico amounted to +17.6%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+7.0% per year) and Canada (+25.8% per year).

In value terms, Mexico ($X) constituted the largest supplier of air conditioning machines for motor vehicles to the United States, comprising 62% of total imports. The second position in the ranking was held by China ($X), with a 16% share of total imports. It was followed by Canada, with a 15% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Mexico totaled +12.1%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-1.9% per year) and Canada (+20.2% per year).

Import Prices by Country

In 2022, the average import price for air conditioning machines for motor vehicles amounted to $X per unit, falling by -1.6% against the previous year. In general, the import price saw a abrupt decrease. The most prominent rate of growth was recorded in 2018 an increase of 3.3%. Over the period under review, average import prices reached the peak figure at $X per unit in 2015; however, from 2016 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (-2.0%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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