Asia: Market for Window or Wall Air Conditioning Systems, Self-Contained or Split-Systems 2024

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

The Asian market for window or wall air conditioning systems, self-contained or split-systems stood at $X in 2022, approximately reflecting the previous year. The market value 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 in certain years. Over the period under review, the market reached the maximum level at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

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

In value terms, production of window or wall air conditioning systems, self-contained or split-systems amounted to $X in 2022 estimated in export price. The total output value 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 in certain years. The growth pace was the most rapid in 2018 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

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

Exports in Asia

For the fifth year in a row, Asia recorded growth in shipments abroad of window or wall air conditioning systems, self-contained or split-systems, which increased by X% to X units in 2022. Total exports indicated a moderate increase from 2012 to 2022: its volume increased at an average annual rate of X% 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 X% against 2015 indices. The pace of growth was the most pronounced in 2018 with an increase of X%. The volume of export peaked in 2022 and is likely to continue growth in years to come.

In value terms, exports of window or wall air conditioning systems, self-contained or split-systems expanded markedly to $X in 2022. The total export value 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. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

In 2022, China (X units) represented the key exporter of window or wall air conditioning systems, self-contained or split-systems, creating X% of total exports. Thailand (X units) took a X% share (based on physical terms) of total exports, which put it in second place, followed by Malaysia (X%). The United Arab Emirates (X units) and South Korea (X units) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to window, wall, or split air conditioning system exports from China stood at X%. At the same time, the United Arab Emirates (X%), Thailand (X%), South Korea (X%) and Malaysia (X%) displayed positive paces of growth. Moreover, the United Arab Emirates emerged as the fastest-growing exporter exported in Asia, with a CAGR of X% from 2012-2022. While the share of Thailand (X p.p.) and the United Arab Emirates (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Malaysia (X p.p.) and China (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

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

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

Export Prices by Country

The export price in Asia stood at $X per unit in 2022, growing by X% against the previous year. Over the period under review, the export price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 an increase of X%. Over the period under review, the export prices hit record highs at $X per unit in 2017; however, from 2018 to 2022, the export prices failed to regain momentum.

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 (X%), while the other leaders experienced a decline in the export price figures.

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

Imports in Asia

In 2022, supplies from abroad of window or wall air conditioning systems, self-contained or split-systems was finally on the rise to reach X units for the first time since 2018, thus ending a three-year declining trend. 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 appeared the most rapid in 2016 with an increase of X% against the previous year. Over the period under review, imports of attained the maximum at X units in 2018; however, from 2019 to 2022, imports remained at a lower figure.

In value terms, imports of window or wall air conditioning systems, self-contained or split-systems rose to $X in 2022. The total import value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2018 when imports increased by X%. The level of import peaked in 2022 and is expected to retain growth in years to come.

Imports by Country

In 2022, Japan (X units), Saudi Arabia (X units), the United Arab Emirates (X units), Malaysia (X units), Iraq (X units), Vietnam (X units) and the Philippines (X units) represented the largest importer of window or wall air conditioning systems, self-contained or split-systems in Asia, generating X% of total import. The following importers - Singapore (X units), Indonesia (X units), Thailand (X units), India (X units), South Korea (X units) and Hong Kong SAR (X units) - together made up X% of total imports.

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

In value terms, the largest window, wall, or split air conditioning system importing markets in Asia were Japan ($X), Saudi Arabia ($X) and the United Arab Emirates ($X), with a combined X% share of total imports. Vietnam, Iraq, Indonesia, South Korea, Singapore, the Philippines, India, Hong Kong SAR, Malaysia and Thailand lagged somewhat behind, together accounting for a further X%.

Among the main importing countries, Vietnam, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, 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 amounted to $X per unit, remaining relatively unchanged against the previous year. In general, the import price saw a relatively flat trend pattern. The growth pace was the most rapid in 2021 an increase of X% against the previous year. Over the period under review, import prices attained the maximum at $X per unit in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

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