Saudi Arabia: Air Conditioning Machine Market 2024

Air Conditioning Machine Market Size in Saudi Arabia

The Saudi air conditioning machine market soared to $X in 2022, with an increase of X% against the previous year. In general, consumption continues to indicate resilient growth. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Air Conditioning Machine Production in Saudi Arabia

In value terms, air conditioning machine production expanded remarkably to $X in 2022 estimated in export price. Over the period under review, the total production indicated pronounced 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 pace of growth was the most pronounced in 2019 with an increase of X% against the previous year. Over the period under review, production reached the peak level at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Air Conditioning Machine Exports

Exports from Saudi Arabia

In 2022, the amount of non-window or wall air conditioning machines exported from Saudi Arabia skyrocketed to X units, rising by X% compared with the year before. Over the period under review, exports, however, recorded a abrupt shrinkage. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. As a result, the exports attained the peak of X units. From 2017 to 2022, the growth of the exports remained at a lower figure.

In value terms, air conditioning machine exports soared to $X in 2022. Overall, exports saw buoyant growth. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.

Exports by Country

The United Arab Emirates (X units) was the main destination for air conditioning machine exports from Saudi Arabia, accounting for a X% share of total exports. Moreover, air conditioning machine exports to the United Arab Emirates exceeded the volume sent to the second major destination, Oman (X units), more than tenfold. Bahrain (X units) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United Arab Emirates totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Oman (X% per year) and Bahrain (X% per year).

In value terms, the United Arab Emirates ($X) remains the key foreign market for non-window or wall air conditioning machines exports from Saudi Arabia, comprising X% of total exports. The second position in the ranking was held by Oman ($X), with a X% share of total exports. It was followed by Egypt, with a X% share.

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

Export Prices by Country

The average air conditioning machine export price stood at $X per unit in 2022, increasing by X% against the previous year. Overall, the export price enjoyed a significant expansion. The most prominent rate of growth was recorded in 2017 when the average export price increased by X%. Over the period under review, the average export prices hit record highs in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Oman ($X per unit), while the average price for exports to the United Arab Emirates ($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 Oman (X%), while the prices for the other major destinations experienced more modest paces of growth.

Air Conditioning Machine Imports

Imports into Saudi Arabia

In 2021, approx. X units of non-window or wall air conditioning machines were imported into Saudi Arabia; growing by X% against the previous year's figure. In general, imports showed a resilient expansion. The most prominent rate of growth was recorded in 2018 when imports increased by X% against the previous year. Imports peaked in 2021 and are likely to see gradual growth in the immediate term.

In value terms, air conditioning machine imports expanded markedly to $X in 2021. Over the period under review, imports enjoyed a mild increase. The growth pace was the most rapid in 2014 with an increase of X% against the previous year. Imports peaked at $X in 2017; however, from 2018 to 2021, imports failed to regain momentum.

Imports by Country

China (X units), Thailand (X units) and South Korea (X units) were the main suppliers of air conditioning machine imports to Saudi Arabia, together accounting for X% of total imports. India, the United Arab Emirates, Bahrain, Kuwait and the United States lagged somewhat behind, together accounting for a further X%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the United Arab Emirates (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the United Arab Emirates ($X), the United States ($X) and Thailand ($X) appeared to be the largest air conditioning machine suppliers to Saudi Arabia, with a combined X% share of total imports. China, South Korea, India, Bahrain and Kuwait lagged somewhat behind, together comprising a further X%.

In terms of the main suppliers, India, with a CAGR of X%, recorded 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 2021, the average air conditioning machine import price amounted to $X per unit, which is down by X% against the previous year. In general, the import price continues to indicate a deep slump. The pace of growth appeared the most rapid in 2013 an increase of X%. Over the period under review, average import prices hit record highs at $X per unit in 2015; however, from 2016 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was the United States ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Kuwait (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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