United Arab Emirates: Air Conditioning Machine Market 2024

Air Conditioning Machine Market Size in the United Arab Emirates

In 2022, the air conditioning machine market in the United Arab Emirates was finally on the rise to reach $X after two years of decline. In general, consumption, however, recorded a noticeable decrease. Over the period under review, the market reached the maximum level at $X in 2015; however, from 2016 to 2022, consumption remained at a lower figure.

Air Conditioning Machine Production in the United Arab Emirates

In value terms, air conditioning machine production shrank to $X in 2022 estimated in export price. Over the period under review, production, however, showed a buoyant increase. The pace of growth was the most pronounced in 2019 when the production volume increased by 106% against the previous year. As a result, production attained the peak level of $X. From 2020 to 2022, production growth failed to regain momentum.

Air Conditioning Machine Exports

Exports from the United Arab Emirates

In 2022, the amount of non-window or wall air conditioning machines exported from the United Arab Emirates declined significantly to X units, with a decrease of -26.5% compared with the year before. In general, exports, however, recorded a strong increase. The pace of growth was the most pronounced in 2013 when exports increased by 392%. The exports peaked at X units in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

In value terms, air conditioning machine exports fell dramatically to $X in 2022. Over the period under review, exports, however, enjoyed resilient growth. The growth pace was the most rapid in 2013 when exports increased by 163%. The exports peaked at $X in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

Exports by Country

The United States (X units) was the main destination for air conditioning machine exports from the United Arab Emirates, accounting for a 75% share of total exports. Moreover, air conditioning machine exports to the United States exceeded the volume sent to the second major destination, Bahrain (X units), more than tenfold. Uzbekistan (X units) ranked third in terms of total exports with a 2.5% share.

From 2012 to 2022, the average annual growth rate of volume to the United States stood at +120.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bahrain (+15.9% per year) and Uzbekistan (+99.0% per year).

In value terms, the United States ($X) remains the key foreign market for non-window or wall air conditioning machines exports from the United Arab Emirates, comprising 59% of total exports. The second position in the ranking was taken by Uzbekistan ($X), with a 15% share of total exports. It was followed by Benin, with a 4.8% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States stood at +98.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Uzbekistan (+149.9% per year) and Benin (+122.8% per year).

Export Prices by Country

In 2022, the average air conditioning machine export price amounted to $X per unit, growing by 15% against the previous year. Over the period under review, the export price, however, showed a mild decline. The most prominent rate of growth was recorded in 2015 an increase of 50%. The export price peaked at $X per unit in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Uzbekistan ($X per unit), while the average price for exports to Bahrain ($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 Benin (+40.8%), while the prices for the other major destinations experienced more modest paces of growth.

Air Conditioning Machine Imports

Imports into the United Arab Emirates

In 2022, approx. X units of non-window or wall air conditioning machines were imported into the United Arab Emirates; remaining constant against 2021. Over the period under review, imports recorded a mild slump. The pace of growth was the most pronounced in 2014 with an increase of 32% against the previous year. Over the period under review, imports hit record highs at X units in 2015; however, from 2016 to 2022, imports failed to regain momentum.

In value terms, air conditioning machine imports declined to $X in 2022. Overall, imports recorded a perceptible descent. The most prominent rate of growth was recorded in 2014 with an increase of 29% against the previous year. Imports peaked at $X in 2015; however, from 2016 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X units) constituted the largest air conditioning machine supplier to the United Arab Emirates, accounting for a 50% share of total imports. Moreover, air conditioning machine imports from China exceeded the figures recorded by the second-largest supplier, the United States (X units), sixfold. Italy (X units) ranked third in terms of total imports with a 4.4% share.

From 2012 to 2022, the average annual growth rate of volume from China amounted to +9.0%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-7.8% per year) and Italy (-10.0% per year).

In value terms, China ($X), the UK ($X) and the United States ($X) were the largest air conditioning machine suppliers to the United Arab Emirates, with a combined 54% share of total imports. Italy, Spain, Bahrain, Jordan, Germany, India, France and Turkey lagged somewhat behind, together accounting for a further 18%.

Among the main suppliers, Jordan, with a CAGR of +43.2%, 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 air conditioning machine import price stood at $X per unit in 2022, declining by -6.7% against the previous year. Overall, the import price saw a mild downturn. The most prominent rate of growth was recorded in 2020 an increase of 29%. Over the period under review, average import prices reached the maximum at $X per unit in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

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 the UK ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+19.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform