United Arab Emirates: Air Conditioning Machine Market 2024

Air Conditioning Machine Market Size in the United Arab Emirates

In 2021, the air conditioning machine market in the United Arab Emirates increased by 1.5% to $X, rising for the second year in a row after two years of decline. The market value increased at an average annual rate of +1.3% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Air conditioning machine consumption peaked at $X in 2015; however, from 2016 to 2021, consumption stood at a somewhat lower figure.

Air Conditioning Machine Exports

Exports from the United Arab Emirates

After three years of decline, shipments abroad of air conditioning machines increased by 6.1% to X units in 2021. Over the period under review, exports recorded a measured expansion. The most prominent rate of growth was recorded in 2013 with an increase of 65% against the previous year. Over the period under review, the exports hit record highs at X units in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

In value terms, air conditioning machine exports soared to $X in 2021. Overall, exports recorded a prominent increase. The most prominent rate of growth was recorded in 2013 with an increase of 116% against the previous year. The exports peaked at $X in 2017; however, from 2018 to 2021, the exports remained at a lower figure.

Exports by Country

Saudi Arabia (X units), the United States (X units) and Oman (X units) were the main destinations of air conditioning machine exports from the United Arab Emirates, together comprising 70% of total exports. These countries were followed by Kuwait, Tanzania, Tajikistan and Thailand, which together accounted for a further 17%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Thailand (with a CAGR of +104.8%), while the other leaders experienced more modest paces of growth.

In value terms, Saudi Arabia ($X), the United States ($X) and Kuwait ($X) were the largest markets for air conditioning machine exported from the United Arab Emirates worldwide, together comprising 63% of total exports. These countries were followed by Oman, Thailand, Tanzania and Tajikistan, which together accounted for a further 22%.

In terms of the main countries of destination, Thailand, with a CAGR of +104.4%, 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

In 2021, the average air conditioning machine export price amounted to $X per unit, with an increase of 12% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.7%. The pace of growth appeared the most rapid in 2013 an increase of 31% against the previous year. The export price peaked at $X per unit in 2018; however, from 2019 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was Kuwait ($X per unit), while the average price for exports to Tajikistan ($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 States (+20.1%), while the prices for the other major destinations experienced mixed trend patterns.

Air Conditioning Machine Imports

Imports into the United Arab Emirates

Air conditioning machine imports into the United Arab Emirates reduced to X units in 2021, which is down by -5.7% on 2020. Overall, total imports indicated slight growth from 2012 to 2021: its volume increased at an average annual rate of +1.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +9.0% against 2019 indices. The most prominent rate of growth was recorded in 2014 when imports increased by 38% against the previous year. Over the period under review, imports hit record highs at X units in 2017; however, from 2018 to 2021, imports stood at a somewhat lower figure.

In value terms, air conditioning machine imports rose notably to $X in 2021. The total import value increased at an average annual rate of +1.8% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2014 with an increase of 37%. Imports peaked at $X in 2015; however, from 2016 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, China (X units) constituted the largest air conditioning machine supplier to the United Arab Emirates, with a 68% share of total imports. Moreover, air conditioning machine imports from China exceeded the figures recorded by the second-largest supplier, Thailand (X units), threefold. Saudi Arabia (X units) ranked third in terms of total imports with a 1.9% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China totaled +13.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (-1.2% per year) and Saudi Arabia (-14.2% per year).

In value terms, China ($X) constituted the largest supplier of air conditioning machine to the United Arab Emirates, comprising 61% of total imports. The second position in the ranking was held by Thailand ($X), with a 20% share of total imports. It was followed by South Korea, with a 2.9% share.

From 2012 to 2021, the average annual growth rate of value from China totaled +12.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (-2.4% per year) and South Korea (-9.4% per year).

Import Prices by Country

In 2021, the average air conditioning machine import price amounted to $X per unit, with an increase of 12% against the previous year. In general, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of 21%. Over the period under review, average import prices attained the peak figure in 2021 and is likely to continue growth in years to come.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Korea (+10.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :