U.S.: Air Conditioning Machine Market 2024

Air Conditioning Machine Market Size in the U.S.

The U.S. air conditioning machine market soared to $X in 2021, picking up by 74% against the previous year. Overall, consumption, however, saw a mild curtailment. Over the period under review, the market attained the maximum level at $X in 2014; however, from 2015 to 2021, consumption stood at a somewhat lower figure.

Air Conditioning Machine Production in the U.S.

In value terms, air conditioning machine production surged to $X in 2021. Over the period under review, production, however, continues to indicate a abrupt descent. Air conditioning machine production peaked at $X in 2013; however, from 2014 to 2021, production failed to regain momentum.

Air Conditioning Machine Exports

Exports from the U.S.

In 2021, overseas shipments of air conditioning machines were finally on the rise to reach X units for the first time since 2018, thus ending a two-year declining trend. Overall, exports, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 with an increase of 25% against the previous year. Over the period under review, the exports reached the peak figure at X units in 2016; however, from 2017 to 2021, the exports stood at a somewhat lower figure.

In value terms, air conditioning machine exports expanded remarkably to $X in 2021. Over the period under review, exports, however, continue to indicate a relatively flat trend pattern. The exports peaked at $X in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

Exports by Country

Canada (X units) was the main destination for air conditioning machine exports from the United States, with a 46% share of total exports. Moreover, air conditioning machine exports to Canada exceeded the volume sent to the second major destination, Mexico (X units), twofold. Brazil (X units) ranked third in terms of total exports with a 3.1% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Canada totaled -2.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (+10.2% per year) and Brazil (-3.3% per year).

In value terms, Canada ($X) remains the key foreign market for air conditioning machine exports from the United States, comprising 49% of total exports. The second position in the ranking was taken by Mexico ($X), with a 15% share of total exports. It was followed by Singapore, with a 9.2% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Canada was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (+2.4% per year) and Singapore (+28.5% per year).

Export Prices by Country

The average air conditioning machine export price stood at $X per unit in 2021, declining by -5.6% against the previous year. Over the period under review, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 an increase of 23%. As a result, the export price reached the peak level of $X per unit. From 2014 to 2021, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was Singapore ($X per unit), while the average price for exports to Japan ($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 United Arab Emirates (+12.4%), while the prices for the other major destinations experienced more modest paces of growth.

Air Conditioning Machine Imports

Imports into the U.S.

In 2021, air conditioning machine imports into the United States soared to X units, jumping by 46% compared with the previous year's figure. In general, total imports indicated a pronounced expansion from 2012 to 2021: its volume increased at an average annual rate of +4.6% 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 +61.4% against 2019 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, air conditioning machine imports surged to $X in 2021. The total import value increased at an average annual rate of +4.6% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, China (X units) constituted the largest supplier of air conditioning machine to the United States, with a 60% share of total imports. Moreover, air conditioning machine imports from China exceeded the figures recorded by the second-largest supplier, Mexico (X units), fourfold. Thailand (X units) ranked third in terms of total imports with an 11% share.

From 2012 to 2021, the average annual growth rate of volume from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Mexico (+11.5% per year) and Thailand (+41.2% per year).

In value terms, China ($X), Mexico ($X) and Canada ($X) appeared to be the largest air conditioning machine suppliers to the United States, with a combined 80% share of total imports. Thailand, Indonesia and the UK lagged somewhat behind, together accounting for a further 12%.

Indonesia, with a CAGR of +304.1%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average air conditioning machine import price amounted to $X per unit, falling by -14.2% against the previous year. In general, the import price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 when the average import price increased by 19%. As a result, import price reached the peak level of $X per unit. From 2020 to 2021, the average import prices remained at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (-2.0%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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