United Kingdom: Market for Air conditioning Machines without Refrigeration Unit 2024

Market Size for Air conditioning Machines without Refrigeration Unit in the UK

In 2022, the UK market for air conditioning machines without refrigeration unit increased by 26% to $X, rising for the third consecutive year after three years of decline. Overall, consumption recorded a prominent expansion. Consumption of peaked in 2022 and is expected to retain growth in years to come.

Production of Air conditioning Machines without Refrigeration Unit in the UK

In value terms, production of air conditioning machines without refrigeration unit totaled $X in 2022 estimated in export price. The total output value increased at an average annual rate of +3.9% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2014 when the production volume increased by 44% against the previous year. Production of peaked at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

Exports of Air conditioning Machines without Refrigeration Unit

Exports from the UK

In 2022, exports of air conditioning machines without refrigeration unit from the UK dropped notably to X units, which is down by -57.8% compared with the previous year. Overall, exports showed a drastic downturn. The growth pace was the most rapid in 2018 when exports increased by 36% against the previous year. The exports peaked at X units in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, exports of air conditioning machines without refrigeration unit shrank remarkably to $X in 2022. Over the period under review, exports showed a mild decrease. The most prominent rate of growth was recorded in 2021 when exports increased by 52% against the previous year. As a result, the exports attained the peak of $X, and then reduced markedly in the following year.

Exports by Country

Ireland (X units) was the main destination for exports of air conditioning machines without refrigeration unit from the UK, with a 53% share of total exports. Moreover, exports of air conditioning machines without refrigeration unit to Ireland exceeded the volume sent to the second major destination, the United States (X units), eightfold. The third position in this ranking was held by the United Arab Emirates (X units), with a 6.2% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Ireland totaled +12.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+9.5% per year) and the United Arab Emirates (+4.6% per year).

In value terms, Ireland ($X), the United States ($X) and France ($X) constituted the largest markets for air conditioning machins without refrigeration unit exported from the UK worldwide, with a combined 71% share of total exports. The United Arab Emirates, Denmark, Germany, Italy, Belgium, Sweden and Spain lagged somewhat behind, together accounting for a further 20%.

Denmark, with a CAGR of +37.2%, recorded the highest rates of growth with regard to the value of exports, in terms of 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

The average export price for air conditioning machines without refrigeration unit stood at $X per unit in 2022, jumping by 20% against the previous year. Overall, export price indicated a prominent expansion from 2012 to 2022: its price increased at an average annual rate of +8.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for air conditioning machines without refrigeration unit increased by +56.2% against 2018 indices. The most prominent rate of growth was recorded in 2015 an increase of 70%. The export price peaked in 2022 and is likely to see gradual growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per unit), while the average price for exports to Belgium ($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 Austria (+25.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Air conditioning Machines without Refrigeration Unit

Imports into the UK

In 2022, imports of air conditioning machines without refrigeration unit into the UK reduced to X units, shrinking by -12.3% on the year before. Overall, imports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 137% against the previous year. Over the period under review, imports of reached the maximum at X units in 2016; however, from 2017 to 2022, imports remained at a lower figure.

In value terms, imports of air conditioning machines without refrigeration unit dropped to $X in 2022. In general, imports, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when imports increased by 114%. As a result, imports attained the peak of $X, and then contracted in the following year.

Imports by Country

In 2022, Japan (X units) constituted the largest supplier of air conditioning machins without refrigeration unit to the UK, accounting for a 27% share of total imports. Moreover, imports of air conditioning machines without refrigeration unit from Japan exceeded the figures recorded by the second-largest supplier, Thailand (X units), twofold. China (X units) ranked third in terms of total imports with a 12% share.

From 2012 to 2022, the average annual growth rate of volume from Japan amounted to -4.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (-6.3% per year) and China (+10.3% per year).

In value terms, Japan ($X) constituted the largest supplier of air conditioning machines without refrigeration unit to the UK, comprising 32% of total imports. The second position in the ranking was held by Italy ($X), with an 11% share of total imports. It was followed by Thailand, with a 9.4% share.

From 2012 to 2022, the average annual growth rate of value from Japan totaled -3.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+11.4% per year) and Thailand (-7.3% per year).

Import Prices by Country

In 2022, the average import price for air conditioning machines without refrigeration unit amounted to $X per unit, increasing by 4.5% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the average import price increased by 34%. The import price peaked at $X per unit in 2020; however, from 2021 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 Spain ($X per unit), while the price for Hong Kong SAR ($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 Netherlands (+7.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform