Imports of air conditioners with reverse cycle refrigeration to the UK stood at $47.074 million in 2023. From 2022 to 2023, the year-on-year variation was -5.99%. For the two years from 2021 to 2023, the variation was -11.6%. The last five years displayed an average annual decrease (CAGR) of -4.63%, indicating a declining trend.
The forecast for the next five years shows a continued decrease with a CAGR of -6.42%, projecting a total reduction of 28.25% by 2028. This forecasted trend suggests continued declining imports in this category.
Looking forward, trends to watch include technological advancements in energy efficiency, potential market shifts towards greener alternatives, and economic factors post-Brexit which may further impact trade dynamics in the UK.
