In 2023, Australia imported air conditioners with refrigerating units totaling 3.111 million kilograms. Forecasts for the subsequent years show a declining trend: 2024 (2.71 million kg), 2025 (2.3395 million kg), 2026 (1.9764 million kg), 2027 (1.6205 million kg), and 2028 (1.2718 million kg). The year-on-year variations indicate a consistent decrease in import volumes. The average compound annual growth rate (CAGR) over five years reflects an average annual decline, suggesting a significant reduction in imports.
Future trends to watch for:
- Impact of energy efficiency regulations on demand.
- Local production capacity and technological advancements.
- Economic fluctuations affecting consumer purchasing power.
- Climate change impacts on the need for air conditioning.
