Air Conditioning Machine Market Overview in the United Kingdom
Market Overview
In 2019, the UK air conditioning machine market decreased by -
% to $ for the first time since 2015, thus ending a three-year rising trend. In general, consumption, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 with an increase of % year-to-year. Air conditioning machine consumption peaked at $ in 2018, and then reduced in the following year.
In value terms, air conditioning machine production dropped to $ in 2019 estimated in export prices. Over the period under review, production, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the production volume increased by % y-o-y. Air conditioning machine production peaked at $ in 2008; however, from 2009 to 2019, production stood at a somewhat lower figure.
% to $ for the first time since 2015, thus ending a three-year rising trend. In general, consumption, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 with an increase of % year-to-year. Air conditioning machine consumption peaked at $ in 2018, and then reduced in the following year.In value terms, air conditioning machine production dropped to $
in 2019 estimated in export prices. Over the period under review, production, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the production volume increased by % y-o-y. Air conditioning machine production peaked at $ in 2008; however, from 2009 to 2019, production stood at a somewhat lower figure.Consumption
After three years of growth, consumption of air conditioning machines decreased by -% to units in 2019. In general, the total consumption indicated notable growth from 2007 to 2019: its volume increased at an average annual rate of +% over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, consumption increased by +% against 2015 indices. The pace of growth appeared the most rapid in 2017 with an increase of % against the previous year. Over the period under review, consumption reached the peak volume at units in 2018, and then shrank modestly in the following year.
The size of the air conditioning machine market in the UK dropped to $ in 2019, which is down by -% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of % year-to-year. Over the period under review, the market reached the peak level at $ in 2018, and then fell in the following year.
% to units in 2019. In general, the total consumption indicated notable growth from 2007 to 2019: its volume increased at an average annual rate of +% over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, consumption increased by +% against 2015 indices. The pace of growth appeared the most rapid in 2017 with an increase of % against the previous year. Over the period under review, consumption reached the peak volume at units in 2018, and then shrank modestly in the following year.The size of the air conditioning machine market in the UK dropped to $
in 2019, which is down by -% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of % year-to-year. Over the period under review, the market reached the peak level at $ in 2018, and then fell in the following year.Market Forecast
Driven by increasing demand for air conditioning machine in the UK, the market is expected to continue an upward consumption trend over the next decade. Market performance is forecast to decelerate, expanding with an anticipated CAGR of +% for the period from 2019 to , which is projected to bring the market volume to units by the end of .
% for the period from 2019 to , which is projected to bring the market volume to units by the end of .Market Structure
In 2019, the share of imports in total consumption accounted for % in value terms and % in physical terms. The share of imports decreased moderately (- percentage point) over the period under review.
% in value terms and % in physical terms. The share of imports decreased moderately (- percentage point) over the period under review.Trade Balance
The UK remains a net importer of air conditioning machine; in physical and value terms, imports consistently exceeded exports from 2007 to 2019. In 2019, there was a significant trade deficit of units, which was equal to $. This tangible trade deficit reflects the fact that the market remains dependent on imports, which is likely to continue in the medium term.
units, which was equal to $. This tangible trade deficit reflects the fact that the market remains dependent on imports, which is likely to continue in the medium term.
Download XLSX
Download all the data in the form of a report