India: Air Conditioning Machine Market 2024

Air Conditioning Machine Market Size in India

For the fourth year in a row, the Indian air conditioning machine market recorded decline in sales value, which decreased by X% to $X in 2022. Overall, the total consumption indicated a notable increase from 2012 to 2022: its value 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, consumption decreased by X% against 2018 indices. Over the period under review, the market attained the peak level at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Air Conditioning Machine Production in India

In value terms, air conditioning machine production totaled $X in 2022 estimated in export price. In general, the total production indicated buoyant growth from 2012 to 2022: its value 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, production decreased by X% against 2020 indices. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. Air conditioning machine production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Air Conditioning Machine Exports

Exports from India

Air conditioning machine exports from India soared to X units in 2022, jumping by X% against 2021. Overall, exports saw a significant increase. The pace of growth was the most pronounced in 2014 when exports increased by X% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are expected to retain growth in the near future.

In value terms, air conditioning machine exports soared to $X in 2022. In general, exports enjoyed a significant increase. The pace of growth was the most pronounced in 2013 when exports increased by X%. Over the period under review, the exports reached the maximum in 2022 and are likely to see steady growth in the near future.

Exports by Country

China (X units), the United Arab Emirates (X units) and Saudi Arabia (X units) were the main destinations of air conditioning machine exports from India, with a combined X% share of total exports. Sri Lanka, Nepal, Nigeria, Singapore, Egypt, Bangladesh, the United States, South Korea, Qatar and Maldives lagged somewhat behind, together comprising a further X%.

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

In value terms, the United Arab Emirates ($X) emerged as the key foreign market for air conditioning machines exports from India, comprising X% of total exports. The second position in the ranking was held by the United States ($X), with a X% share of total exports. It was followed by Saudi Arabia, with a X% share.

From 2012 to 2022, the average annual growth rate of value to the United Arab Emirates amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (X% per year) and Saudi Arabia (X% per year).

Export Prices by Country

The average air conditioning machine export price stood at $X per unit in 2022, shrinking by X% against the previous year. In general, the export price saw a abrupt contraction. The most prominent rate of growth was recorded in 2015 an increase of X%. The export price peaked at $X per unit in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per unit), while the average price for exports to China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Singapore (X%), while the prices for the other major destinations experienced mixed trend patterns.

Air Conditioning Machine Imports

Imports into India

Air conditioning machine imports into India dropped to X units in 2022, waning by X% against the year before. In general, imports continue to indicate a pronounced slump. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. Imports peaked at X units in 2018; however, from 2019 to 2022, imports remained at a lower figure.

In value terms, air conditioning machine imports fell slightly to $X in 2022. Overall, imports showed a noticeable downturn. The growth pace was the most rapid in 2017 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at $X in 2018; however, from 2019 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Thailand (X units) constituted the largest air conditioning machine supplier to India, accounting for a X% share of total imports. Moreover, air conditioning machine imports from Thailand exceeded the figures recorded by the second-largest supplier, China (X units), threefold.

From 2012 to 2022, the average annual growth rate of volume from Thailand amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and Malaysia (X% per year).

In value terms, Thailand ($X) constituted the largest supplier of air conditioning machines to India, comprising X% of total imports. The second position in the ranking was taken by China ($X), with a X% share of total imports.

From 2012 to 2022, the average annual growth rate of value from Thailand stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and Malaysia (X% per year).

Import Prices by Country

In 2022, the average air conditioning machine import price amounted to $X per unit, surging by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The growth pace was the most rapid in 2021 when the average import price increased by X% against the previous year. Over the period under review, average import prices attained the maximum at $X per unit in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Malaysia ($X per unit), while the price for China ($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 prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform