Overview of the Global Market for Air Conditioning Machines For Motor Vehicles

Market Size for Air Conditioning Machines For Motor Vehicles

After ten years of growth, the global market for air conditioning machines for motor vehicles decreased by -0.7% to $X in 2022. Overall, consumption, however, enjoyed resilient growth. Over the period under review, the global market attained the peak level at $X in 2021, and then shrank modestly in the following year.

Production of Air Conditioning Machines For Motor Vehicles

In value terms, motor vehicle air conditioning machine production totaled $X in 2022 estimated in export price. Overall, production, however, saw a strong increase. The growth pace was the most rapid in 2014 with an increase of 34% against the previous year. Over the period under review, global production attained the peak level at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Exports of Air Conditioning Machines For Motor Vehicles

Exports

In 2022, global motor vehicle air conditioning machine exports declined to X units, falling by -11.5% on 2021. The total export volume increased at an average annual rate of +1.9% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2015 when exports increased by 15%. Over the period under review, the global exports hit record highs at X units in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

In value terms, motor vehicle air conditioning machine exports fell to $X in 2022. The total export value increased at an average annual rate of +1.4% from 2012 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. The growth pace was the most rapid in 2021 with an increase of 21% against the previous year. As a result, the exports attained the peak of $X, and then dropped in the following year.

Exports by Country

The biggest shipments were from China (X units), Germany (X units), Poland (X units), the United States (X units), Slovakia (X units), the Czech Republic (X units) and Mexico (X units), together resulting at 78% of total export. Morocco (X units), Spain (X units), France (X units), Canada (X units), Italy (X units) and the UK (X units) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Morocco (with a CAGR of +167.9%), while the other global leaders experienced more modest paces of growth.

In value terms, the largest motor vehicle air conditioning machine supplying countries worldwide were Germany ($X), China ($X) and Slovakia ($X), with a combined 40% share of global exports. The Czech Republic, Poland, Mexico, the United States, Spain, Canada, Morocco, Italy, France and the UK lagged somewhat behind, together comprising a further 50%.

Morocco, with a CAGR of +149.8%, saw the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Export Prices by Country

The average export price for air conditioning machines for motor vehicles stood at $X per unit in 2022, standing approx. at the previous year. Overall, the export price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 when the average export price increased by 7.7% against the previous year. The global export price peaked at $X per unit in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Italy ($X per unit), while Morocco ($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 (+11.4%), while the other global leaders experienced more modest paces of growth.

Imports of Air Conditioning Machines For Motor Vehicles

Imports

For the third year in a row, the global market recorded growth in overseas purchases of air conditioning machines for motor vehicles, which increased by 3.5% to X units in 2022. The total import volume increased at an average annual rate of +4.3% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2016 when imports increased by 20% against the previous year. Over the period under review, global imports reached the peak figure in 2022 and are expected to retain growth in the near future.

In value terms, motor vehicle air conditioning machine imports fell to $X in 2022. The total import value increased at an average annual rate of +1.1% from 2012 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. The growth pace was the most rapid in 2021 with an increase of 15% against the previous year. Global imports peaked at $X in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

Imports by Country

The United States (X units) and Germany (X units) represented the major importers of air conditioning machines for motor vehicles in 2022, resulting at approx. 16% and 16% of total imports, respectively. Saudi Arabia (X units) took the next position in the ranking, followed by China (X units) and France (X units). All these countries together took approx. 23% share of total imports. Belgium (X units), Spain (X units), Sweden (X units), Poland (X units), Canada (X units), Hungary (X units), Russia (X units) and Mexico (X units) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Saudi Arabia (with a CAGR of +37.9%), while purchases for the other global leaders experienced more modest paces of growth.

In value terms, the United States ($X), Germany ($X) and China ($X) were the countries with the highest levels of imports in 2022, together accounting for 35% of global imports. France, Belgium, Canada, Sweden, Mexico, Poland, Russia, Spain, Hungary and Saudi Arabia lagged somewhat behind, together comprising a further 37%.

Sweden, with a CAGR of +26.4%, saw the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average import price for air conditioning machines for motor vehicles amounted to $X per unit, with a decrease of -6.7% against the previous year. In general, the import price continues to indicate a pronounced shrinkage. The pace of growth was the most pronounced in 2018 when the average import price increased by 4.8% against the previous year. Global import price peaked at $X per unit in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Mexico ($X per unit), while Saudi Arabia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+4.6%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform

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