The historical data for the import of air conditioning equipment and machinery to France shows fluctuating growth. From 2013 to 2023, the general trend was positive with occasional declines. Notably, significant growth occurred in 2021 with a 23.06% increase year-over-year, following a substantial decline in 2020 due to market disruptions. In 2023, the value stood at $1.7844 billion USD, marking a year-on-year increase of 1.97%. The CAGR for the past five years up to 2023 has been 1.28%, indicating steady, albeit modest, growth.
Looking forward, the forecast from 2024 to 2028 suggests continued growth with an average annual increase of 1.51% in CAGR. By 2028, the import value is expected to reach $1.9643 billion USD, representing a total five-year growth rate of 7.8%.
Future trends to watch for include advancements in energy-efficient and smart air conditioning systems, increased environmental regulations, and shifts in residential and commercial construction activities, which can impact demand for air conditioning equipment.
