The import of air conditioning equipment and machinery to Spain has exhibited a mixed trend over the past decade. Actual data from 2013 to 2023 shows initial growth followed by fluctuations. Imports stood at 1439.4 million USD in 2023, displaying a moderate year-on-year increase of 1.7%. This follows several years of mixed growth and retraction, notably a sharp decline in 2020 followed by recovery. Over the last two years (2021-2023), imports grew by 7.12% and 1.7% respectively. The compound annual growth rate (CAGR) over the past five years stands at 1.19%.
Looking ahead to 2028, forecasts suggest a steady increase in imports, with a projected CAGR of 1.34%. Expected values by 2028 will be around 1561.1 million USD, reflecting an overall growth rate of 6.86% over the next five years. Future trends to watch for include advancements in air conditioning technology, potential regulatory changes in energy efficiency standards, and the impact of climate change on demand for cooling solutions. These factors could influence import patterns significantly.
