Asia-Pacific: Air Conditioning Machine Market 2024

Air Conditioning Machine Market Size in Asia-Pacific

The Asia-Pacific air conditioning machine market soared to $X in 2022, picking up by X% against the previous year. Overall, consumption showed a remarkable increase. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Air Conditioning Machine Production in Asia-Pacific

In value terms, air conditioning machine production stood at $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% 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 2020 when the production volume increased by X% against the previous year. As a result, production reached the peak level of $X. From 2021 to 2022, production growth failed to regain momentum.

Air Conditioning Machine Exports

Exports in Asia-Pacific

For the third consecutive year, Asia-Pacific recorded growth in overseas shipments of non-window or wall air conditioning machines, which increased by X% to X units in 2022. Over the period under review, exports enjoyed a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, air conditioning machine exports amounted to $X in 2022. Overall, exports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. Over the period under review, the exports reached the maximum at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

South Korea (X units) and China (X units) were the key exporters of non-window or wall air conditioning machines in 2022, recording near X% and X% of total exports, respectively. Thailand (X units) ranks next in terms of the total exports with a X% share, followed by Taiwan (Chinese) (X%).

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Taiwan (Chinese) (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, China ($X), Thailand ($X) and South Korea ($X) appeared to be the countries with the highest levels of exports in 2022, with a combined X% share of total exports.

Among the main exporting countries, South Korea, with a CAGR of X%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

The export price in Asia-Pacific stood at $X per unit in 2022, dropping by X% against the previous year. Over the period under review, the export price recorded a sharp descent. The pace of growth appeared the most rapid in 2019 an increase of X% against the previous year. Over the period under review, the export prices reached the peak figure at $X per unit in 2012; however, from 2013 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 Thailand ($X per unit), while Taiwan (Chinese) ($X per unit) was amongst the lowest.

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

Air Conditioning Machine Imports

Imports in Asia-Pacific

In 2022, supplies from abroad of non-window or wall air conditioning machines increased by X% to X units, rising for the second consecutive year after four years of decline. Overall, imports recorded significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, air conditioning machine imports rose remarkably 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 somewhat noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 when imports increased by X%. Over the period under review, imports reached the maximum in 2022 and are likely to continue growth in the near future.

Imports by Country

Indonesia represented the largest importer of non-window or wall air conditioning machines in Asia-Pacific, with the volume of imports reaching X units, which was approx. X% of total imports in 2022. South Korea (X units) held an X% share (based on physical terms) of total imports, which put it in second place, followed by Taiwan (Chinese) (X%). Singapore (X units), India (X units), Hong Kong SAR (X units), Macao SAR (X units), China (X units), Malaysia (X units), Japan (X units) and the Philippines (X units) held a minor share of total imports.

Imports into Indonesia increased at an average annual rate of X% from 2012 to 2022. At the same time, Taiwan (Chinese) (X%), South Korea (X%), Macao SAR (X%), the Philippines (X%), China (X%), India (X%), Malaysia (X%), Singapore (X%), Hong Kong SAR (X%) and Japan (X%) displayed positive paces of growth. Moreover, Taiwan (Chinese) emerged as the fastest-growing importer imported in Asia-Pacific, with a CAGR of X% from 2012-2022. From 2012 to 2022, the share of Indonesia, South Korea, Taiwan (Chinese) and Macao SAR increased by X, X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Singapore ($X), Hong Kong SAR ($X) and India ($X) were the countries with the highest levels of imports in 2022, together comprising X% of total imports. The Philippines, Indonesia, Japan, South Korea, Malaysia, China, Taiwan (Chinese) and Macao SAR lagged somewhat behind, together accounting for a further X%.

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

Import Prices by Country

The import price in Asia-Pacific stood at $X per unit in 2022, falling by X% against the previous year. In general, the import price showed a dramatic downturn. The pace of growth appeared the most rapid in 2017 an increase of X%. The level of import peaked at $X per unit in 2013; however, from 2014 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 the Philippines ($X per unit), while Taiwan (Chinese) ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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