U.S.: Market for Air Conditioning Machines For Motor Vehicles 2024

Market Size for Air Conditioning Machines For Motor Vehicles in the U.S.

In 2022, the U.S. market for air conditioning machines for motor vehicles decreased by X% to $X for the first time since 2011, thus ending a ten-year rising trend. Overall, consumption, however, showed a remarkable increase. Over the period under review, the market reached the peak level at $X in 2021, and then contracted modestly in the following year.

Production of Air Conditioning Machines For Motor Vehicles in the U.S.

In value terms, motor vehicle air conditioning machine production amounted to $X in 2022. In general, production, however, saw prominent growth. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. Over the period under review, production attained the maximum level at $X in 2020; afterwards, it flattened through to 2022.

Exports of Air Conditioning Machines For Motor Vehicles

Exports from the U.S.

In 2022, overseas shipments of air conditioning machines for motor vehicles increased by X% to X units, rising for the second year in a row after two years of decline. In general, total exports indicated noticeable growth 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 2020 indices. The growth pace was the most rapid in 2015 with an increase of X%. Over the period under review, the exports hit record highs at X units in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

In value terms, motor vehicle air conditioning machine exports expanded sharply to $X in 2022. Overall, total exports indicated a moderate 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, exports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2015 with an increase of X%. Over the period under review, the exports attained the peak figure at $X in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

Exports by Country

Canada (X units) was the main destination for motor vehicle air conditioning machine exports from the United States, accounting for a X% share of total exports. Moreover, motor vehicle air conditioning machine exports to Canada exceeded the volume sent to the second major destination, Mexico (X units), twofold. Japan (X units) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Canada was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (X% per year) and Japan (X% per year).

In value terms, Canada ($X) remains the key foreign market for air conditioning machines for motor vehicles exports from the United States, comprising X% of total exports. The second position in the ranking was taken by Mexico ($X), with a X% share of total exports. It was followed by Japan, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Canada totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (X% per year) and Japan (X% per year).

Export Prices by Country

In 2022, the average export price for air conditioning machines for motor vehicles amounted to $X per unit, declining by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2013 an increase of X%. Over the period under review, the average export prices hit record highs at $X per unit in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied somewhat for the major overseas markets. In 2022, amid the top suppliers, the highest price was recorded for prices to the UK ($X per unit) and Australia ($X per unit), while the average price for exports to Canada ($X per unit) and Austria ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Canada (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Air Conditioning Machines For Motor Vehicles

Imports into the U.S.

Motor vehicle air conditioning machine imports into the United States shrank slightly to X units in 2022, which is down by X% on 2021 figures. In general, total imports indicated a resilient expansion 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, imports increased by X% against 2020 indices. The growth pace was the most rapid in 2021 when imports increased by X%. Over the period under review, imports reached the maximum at X units in 2018; however, from 2019 to 2022, imports remained at a lower figure.

In value terms, motor vehicle air conditioning machine imports reduced modestly to $X in 2022. Over the period under review, total imports indicated a strong expansion 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, imports increased by X% against 2019 indices. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. Over the period under review, imports hit record highs at $X in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Mexico (X units) constituted the largest motor vehicle air conditioning machine supplier to the United States, accounting for a X% share of total imports. Moreover, motor vehicle air conditioning machine imports from Mexico exceeded the figures recorded by the second-largest supplier, China (X units), threefold. Canada (X units) ranked third in terms of total imports with a X% share.

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

In value terms, Mexico ($X) constituted the largest supplier of air conditioning machines for motor vehicles to the United States, comprising X% of total imports. The second position in the ranking was taken by China ($X), with a X% share of total imports. It was followed by Canada, with a X% share.

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

Import Prices by Country

In 2022, the average import price for air conditioning machines for motor vehicles amounted to $X per unit, dropping by X% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the average import price increased by X% against the previous year. As a result, import price reached the peak level of $X per unit. From 2021 to 2022, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($X per unit), while the price for South Korea ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform