The import of parts for air conditioners to Cambodia has seen dynamic shifts over the past decade, beginning with high volatility and stabilizing in recent years. In 2023, the imports stood at 1.4743 million USD. The trend from 2013 to 2023 shows significant fluctuations, especially with a steep drop in 2015 and gradual recovery thereafter. The data highlights a steady increase from 2017 onwards, with minor variations suggesting a maturing market. Year-on-year variations for 2022 and 2023 show modest growth of 1.13% and 1.1%, respectively, indicating market stability.
The CAGR observed from 2018 to 2023 was 1.17%, reflecting a subtle yet consistent growth trend. Going forward, the forecasted CAGR from 2024 to 2028 is 0.87%, suggesting a more tempered growth trajectory. The projected growth rate for the next five years is 4.43%, inferring gradual expansion.
Future trends to watch for include potential impacts from technological advancements, shifts in regulatory policies, and changing consumer preferences that could influence the import market. Integration of energy-efficient technologies and potential trade policy changes will also play critical roles in shaping the future landscape.
