Asia-Pacific: Air Conditioning Machine Market 2024

Air Conditioning Machine Market Size in Asia-Pacific

For the third year in a row, the Asia-Pacific air conditioning machine market recorded decline in sales value, which decreased by X% to $X in 2022. Over the period under review, consumption, however, continues to indicate a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2018 to 2022, the growth of the market remained at a lower figure.

Air Conditioning Machine Production in Asia-Pacific

In value terms, air conditioning machine production declined to $X in 2022 estimated in export price. In general, production recorded a relatively flat trend pattern. The growth pace was the most rapid in 2015 when the production volume increased by X%. Over the period under review, production attained the peak level at $X in 2017; however, from 2018 to 2022, production failed to regain momentum.

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Air Conditioning Machine Exports

Exports in Asia-Pacific

In 2022, overseas shipments of air conditioning machines decreased by X% to X units for the first time since 2019, thus ending a two-year rising trend. Overall, exports, however, continue to indicate a pronounced expansion. The pace of growth appeared the most rapid in 2018 when exports increased by X%. Over the period under review, the exports reached the peak figure at X units in 2021, and then reduced modestly in the following year.

In value terms, air conditioning machine exports rose remarkably to $X in 2022. The total export value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 when exports increased by X%. The level of export peaked in 2022 and is likely to see steady growth in years to come.

Exports by Country

China represented the main exporting country with an export of about X units, which resulted at X% of total exports. It was distantly followed by Thailand (X units) and Malaysia (X units), together constituting a X% share of total exports. South Korea (X units) followed a long way behind the leaders.

Exports from China increased at an average annual rate of X% from 2012 to 2022. At the same time, Thailand (X%), South Korea (X%) and Malaysia (X%) displayed positive paces of growth. Moreover, Thailand emerged as the fastest-growing exporter exported in Asia-Pacific, with a CAGR of X% from 2012-2022. Thailand (X p.p.) significantly strengthened its position in terms of the total exports, while Malaysia and China saw its share reduced by X% and X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest air conditioning machine supplier in Asia-Pacific, comprising X% of total exports. The second position in the ranking was held by Thailand ($X), with a X% share of total exports. It was followed by Malaysia, with a X% share.

From 2012 to 2022, the average annual growth rate of value in China amounted to X%. The remaining exporting countries recorded the following average annual rates of exports growth: Thailand (X% per year) and Malaysia (X% per year).

Export Prices by Country

In 2022, the export price in Asia-Pacific amounted to $X per unit, increasing by X% against the previous year. In general, the export price, however, recorded a slight setback. The pace of growth appeared the most rapid in 2015 an increase of X%. Over the period under review, the export prices attained the maximum at $X per unit in 2017; however, from 2018 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: 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 (X%), while the other leaders experienced a decline in the export price figures.

Air Conditioning Machine Imports

Imports in Asia-Pacific

In 2022, air conditioning machine imports in Asia-Pacific was estimated at X units, flattening at 2021 figures. The total import volume increased at an average annual rate of X% 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 was the most pronounced in 2016 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at X units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, air conditioning machine imports contracted slightly to $X in 2022. The total import value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The growth pace was the most rapid in 2018 when imports increased by X% against the previous year. As a result, imports reached the peak of $X. From 2019 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, Japan (X units), followed by Malaysia (X units), the Philippines (X units), Singapore (X units), Vietnam (X units), India (X units), Hong Kong SAR (X units), Indonesia (X units) and Thailand (X units) represented the major importers of air conditioning machines, together creating X% of total imports.

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

In value terms, the largest air conditioning machine importing markets in Asia-Pacific were Japan ($X), Vietnam ($X) and Singapore ($X), with a combined X% share of total imports. Indonesia, India, the Philippines, Hong Kong SAR, Malaysia and Thailand lagged somewhat behind, together comprising a further X%.

The Philippines, with a CAGR of X%, recorded 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 leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in Asia-Pacific amounted to $X per unit, which is down by X% against the previous year. In general, the import price saw a slight reduction. The most prominent rate of growth was recorded in 2021 an increase of X%. The level of import peaked at $X per unit in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Indonesia ($X per unit), while Malaysia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform