Middle East: Air Conditioning Machine Market 2024

Air Conditioning Machine Market Size in the Middle East

The Middle Eastern air conditioning machine market surged to $X in 2022, increasing by X% against 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 throughout the analyzed period. Over the period under review, the market attained the peak level at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Air Conditioning Machine Production in the Middle East

In value terms, air conditioning machine production declined to $X in 2022 estimated in export price. Over the period under review, production enjoyed a prominent increase. The most prominent rate of growth was recorded in 2018 when the production volume increased by X%. As a result, production attained the peak level of $X. From 2019 to 2022, production growth failed to regain momentum.

Air Conditioning Machine Exports

Exports in the Middle East

In 2022, approx. X units of air conditioning machines were exported in the Middle East; dropping by X% on 2021. In general, exports saw a abrupt contraction. The most prominent rate of growth was recorded in 2013 when exports increased by X%. As a result, the exports attained the peak of X units. From 2014 to 2022, the growth of the exports remained at a lower figure.

In value terms, air conditioning machine exports declined modestly to $X in 2022. Over the period under review, exports recorded a slight curtailment. The growth pace was the most rapid in 2013 with an increase of X% against the previous year. As a result, the exports attained the peak of $X. From 2014 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Turkey represented the largest exporting country with an export of around X units, which resulted at X% of total exports. Bahrain (X units) ranks second in terms of the total exports with an X% share, followed by the United Arab Emirates (X%), Saudi Arabia (X%) and Jordan (X%). Israel (X units) and Oman (X units) followed a long way behind the leaders.

Turkey experienced a relatively flat trend pattern with regard to volume of exports of air conditioning machines. The United Arab Emirates experienced a relatively flat trend pattern. Israel (X%), Jordan (X%), Oman (X%), Bahrain (X%) and Saudi Arabia (X%) illustrated a downward trend over the same period. While the share of Turkey (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 Bahrain (X p.p.) and Saudi Arabia (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) remains the largest air conditioning machine supplier in the Middle East, comprising X% of total exports. The second position in the ranking was held by the United Arab Emirates ($X), with a X% share of total exports. It was followed by Jordan, with a X% share.

From 2012 to 2022, the average annual growth rate of value in Turkey amounted to X%. In the other countries, the average annual rates were as follows: the United Arab Emirates (X% per year) and Jordan (X% per year).

Export Prices by Country

The export price in the Middle East stood at $X per unit in 2022, increasing by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2015 an increase of X%. As a result, the export price reached the peak level of $X per unit. From 2016 to 2022, the export prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Jordan ($X per unit), while Israel ($X per unit) was amongst the lowest.

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

Air Conditioning Machine Imports

Imports in the Middle East

In 2022, approx. X units of air conditioning machines were imported in the Middle East; surging by X% compared with the previous year's figure. The total import volume 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 growth pace was the most rapid in 2015 with an increase of X%. The volume of import peaked in 2022 and is likely to see gradual growth in years to come.

In value terms, air conditioning machine imports skyrocketed 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 in certain years. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. As a result, imports reached the peak of $X. From 2016 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

Saudi Arabia (X units), the United Arab Emirates (X units), Iraq (X units) and Oman (X units) represented roughly X% of total imports in 2022. Israel (X units) took a X% share (based on physical terms) of total imports, which put it in second place, followed by Turkey (X%) and Kuwait (X%). Qatar (X units) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Kuwait (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Saudi Arabia ($X), the United Arab Emirates ($X) and Iraq ($X) appeared to be the countries with the highest levels of imports in 2022, with a combined X% share of total imports. Kuwait, Israel, Turkey, Oman and Qatar lagged somewhat behind, together accounting for a further X%.

Kuwait, 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

In 2022, the import price in the Middle East amounted to $X per unit, approximately equating the previous year. In general, the import price, however, showed a slight curtailment. The pace of growth appeared the most rapid in 2021 an increase of X% against the previous year. Over the period under review, import prices hit record highs at $X per unit in 2015; however, from 2016 to 2022, import prices remained at a 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 Kuwait ($X per unit), while Oman ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform