The UK import of air conditioners with a refrigerating unit has shown fluctuations in its volume over the last decade. In 2023, the volume stood at 8.56 million kilograms, indicating a slight increase of 0.57% from the previous year. The last year-on-year variation reflects a modest growth trend. Over the past five years, the compound annual growth rate (CAGR) has been relatively flat, showcasing minor positive and negative shifts.
Looking ahead, the forecasted data from 2024 to 2028 suggests a stable growth trajectory, with a five-year CAGR projected at 0.46%, translating to an estimated 2.31% growth over that period. This indicates a steady but slow increase in import volumes
Future trends to watch for include the impact of energy efficiency regulations, technological advancements in air conditioning units, and any substantial changes in international trade agreements and tariffs that could influence import volumes. Additionally, shifts in consumer preferences towards environmentally friendly products might also play a significant role in shaping the market.
