In 2023, the import value of air conditioners without a refrigerating unit stood at approximately $316.5 million. The forecast for 2024 to 2028 shows a steady increase in imports, with a compound annual growth rate (CAGR) of around 2.6%. Year-on-year growth is modest but consistent, with increases observed each year. This reflects a stable demand trend, likely driven by technological advancements and environmental regulations encouraging energy-efficient systems.
Future trends to watch for include:
- Advancements in eco-friendly technology impacting product demand.
- Potential trade policy shifts affecting import dynamics.
- Climate change effects driving a higher need for air conditioning solutions.
