U.S.: Air Conditioning Machine Market 2024

Air Conditioning Machine Market Size in the U.S.

In 2022, after two years of growth, there was significant decline in the U.S. air conditioning machine market, when its value decreased by X% to $X. Over the period under review, consumption, however, enjoyed a strong increase. Air conditioning machine consumption peaked at $X in 2021, and then declined significantly in the following year.

Air Conditioning Machine Production in the U.S.

In value terms, air conditioning machine production fell remarkably to $X in 2022. In general, production continues to indicate a precipitous contraction. The growth pace was the most rapid in 2015 when the production volume increased by X% against the previous year. Over the period under review, production attained the peak level at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Air Conditioning Machine Exports

Exports from the U.S.

For the third year in a row, the United States recorded growth in shipments abroad of non-window or wall air conditioning machines, which increased by X% to X units in 2022. Over the period under review, exports continue to indicate a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, air conditioning machine exports soared to $X in 2022. The total export value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

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

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

In value terms, Canada ($X) remains the key foreign market for non-window or wall air conditioning machines exports from the United States, comprising X% of total exports. The second position in the ranking was held by Mexico ($X), with a X% share of total exports. It was followed by Singapore, 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 Singapore (X% per year).

Export Prices by Country

In 2022, the average air conditioning machine export price amounted to $X per unit, falling by X% against the previous year. Overall, the export price showed a significant contraction. The pace of growth was the most pronounced in 2019 an increase of X%. The export price peaked at $X per unit in 2016; however, from 2017 to 2022, the export prices failed to regain momentum.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the countries with the highest prices were Canada ($X per unit) and Mexico ($X per unit), while the average price for exports to Singapore ($X per unit) and the UK ($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 Singapore (X%), while the prices for the other major destinations experienced a decline.

Air Conditioning Machine Imports

Imports into the U.S.

In 2022, approx. X units of non-window or wall air conditioning machines were imported into the United States; surging by X% compared with 2021 figures. Overall, imports continue to indicate significant growth. The growth pace was the most rapid in 2020 with an increase of X% against the previous year. Imports peaked in 2022 and are likely to continue growth in years to come.

In value terms, air conditioning machine imports soared to $X in 2022. In general, imports recorded a strong expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

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

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

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

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

Import Prices by Country

The average air conditioning machine import price stood at $X per unit in 2022, picking up by X% against the previous year. Over the period under review, the import price, however, recorded a precipitous curtailment. The pace of growth was the most pronounced in 2013 when the average import price increased by X%. The import price peaked at $X per unit in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($X per unit), while the price for Thailand ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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