Overview of the Global Market for Window or Wall Air Conditioning Systems, Self-Contained or Split-Systems

Market Size for Window or Wall Air Conditioning Systems, Self-Contained or Split-Systems

The global market for window or wall air conditioning systems, self-contained or split-systems expanded sharply to $X in 2022, increasing by 9% against the previous year. The market value increased at an average annual rate of +2.2% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Global consumption peaked in 2022 and is expected to retain growth in the near future.

Production of Window or Wall Air Conditioning Systems, Self-Contained or Split-Systems

In value terms, production of window or wall air conditioning systems, self-contained or split-systems expanded modestly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.9% 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 2018 with an increase of 14% against the previous year. Global production peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Exports of Window or Wall Air Conditioning Systems, Self-Contained or Split-Systems

Exports

After four years of growth, shipments abroad of window or wall air conditioning systems, self-contained or split-systems decreased by -1.2% to X units in 2022. Over the period under review, total exports indicated notable growth from 2012 to 2022: its volume increased at an average annual rate of +4.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +69.8% against 2017 indices. The pace of growth was the most pronounced in 2018 with an increase of 42%. Over the period under review, the global exports of hit record highs at X units in 2021, and then shrank in the following year.

In value terms, exports of window or wall air conditioning systems, self-contained or split-systems rose rapidly to $X in 2022. The total export value increased at an average annual rate of +3.6% over the period 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 2021 with an increase of 14%. Over the period under review, the global exports of hit record highs in 2022 and are likely to see steady growth in years to come.

Exports by Country

China represented the key exporting country with an export of about X units, which resulted at 61% of total exports. Thailand (X units) ranks second in terms of the total exports with a 24% share, followed by Malaysia (4.9%). South Korea (X units) held a minor share of total exports.

From 2012 to 2022, average annual rates of growth with regard to window, wall, or split air conditioning system exports from China stood at +3.4%. At the same time, Thailand (+11.3%) and South Korea (+4.7%) displayed positive paces of growth. Moreover, Thailand emerged as the fastest-growing exporter exported in the world, with a CAGR of +11.3% from 2012-2022. By contrast, Malaysia (-2.0%) illustrated a downward trend over the same period. Thailand (+12 p.p.) significantly strengthened its position in terms of the global exports, while China and Malaysia saw its share reduced by -3.9% and -3.9% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest window, wall, or split air conditioning system supplier worldwide, comprising 56% of global exports. The second position in the ranking was held by Thailand ($X), with a 26% share of global exports. It was followed by Malaysia, with a 4.1% share.

In China, exports of window or wall air conditioning systems, self-contained or split-systems expanded at an average annual rate of +3.1% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Thailand (+8.2% per year) and Malaysia (-0.9% per year).

Export Prices by Country

The average export price for window or wall air conditioning systems, self-contained or split-systems stood at $X per unit in 2022, rising by 7.3% against the previous year. Over the period under review, the export price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the average export price increased by 13%. The global export price peaked at $X per unit in 2017; however, from 2018 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 South Korea ($X per unit), while Malaysia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+1.1%), while the other global leaders experienced a decline in the export price figures.

Imports of Window or Wall Air Conditioning Systems, Self-Contained or Split-Systems

Imports

In 2022, supplies from abroad of window or wall air conditioning systems, self-contained or split-systems decreased by less than 0.1% to X units for the first time since 2015, thus ending a six-year rising trend. The total import volume increased at an average annual rate of +3.1% over the period 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 2016 when imports increased by 12%. Over the period under review, global imports of hit record highs at X units in 2021, and then declined modestly in the following year.

In value terms, imports of window or wall air conditioning systems, self-contained or split-systems reached $X in 2022. The total import value increased at an average annual rate of +2.8% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 when imports increased by 14% against the previous year. Global imports peaked in 2022 and are expected to retain growth in the immediate term.

Imports by Country

In 2022, the United States (X units), distantly followed by Japan (X units), Vietnam (X units), Saudi Arabia (X units) and Mexico (X units) were the main importers of window or wall air conditioning systems, self-contained or split-systems, together comprising 36% of total imports. The following importers - the United Arab Emirates (X units), Italy (X units), Iraq (X units), Russia (X units), the Philippines (X units), France (X units), Spain (X units) and Malaysia (X units) - together made up 22% of total imports.

The United States experienced a relatively flat trend pattern with regard to volume of imports of window or wall air conditioning systems, self-contained or split-systems. At the same time, Spain (+18.1%), the Philippines (+16.0%), Vietnam (+14.6%), France (+10.7%), Iraq (+8.6%), Italy (+7.5%), Mexico (+7.4%), the United Arab Emirates (+6.1%), Malaysia (+6.1%), Saudi Arabia (+3.4%) and Russia (+1.2%) displayed positive paces of growth. Moreover, Spain emerged as the fastest-growing importer imported in the world, with a CAGR of +18.1% from 2012-2022. By contrast, Japan (-1.9%) illustrated a downward trend over the same period. While the share of Vietnam (+3.8 p.p.), the Philippines (+1.7 p.p.), Spain (+1.5 p.p.) and Mexico (+1.5 p.p.) increased significantly in terms of the global imports from 2012-2022, the share of the United States (-3.5 p.p.) and Japan (-4.1 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United States ($X), Japan ($X) and Saudi Arabia ($X) appeared to be the countries with the highest levels of imports in 2022, with a combined 21% share of global imports. Vietnam, Italy, Mexico, the United Arab Emirates, Iraq, France, Spain, Russia, the Philippines and Malaysia lagged somewhat behind, together comprising a further 30%.

Spain, with a CAGR of +15.5%, saw the highest growth rate of the value of imports, among 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 window or wall air conditioning systems, self-contained or split-systems amounted to $X per unit, picking up by 3% against the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the average import price increased by 3% against the previous year. Global import price peaked at $X per unit in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mexico (+1.4%), while the other global leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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