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1.10.2 Argentina
Argentina is experiencing an economic downturn and has imposed strict restrictions on imports with strengthened foreign currency controls. Personal income is declining along with weakened purchasing power. Argentine air conditioner market size is estimated at more than 1.2 million units in 2013, representing a 2.1% year-on-year increase, which is lower than the growth shown in Brazil or Mex...
1.10.1 Brazil
Brazil is the largest country in Latin America in terms of land size and population, and its air conditioner market shows strong future promise. JARN estimates that the Brazilian air conditioner market reached 3.9 million units in 2013. The peak air conditioner sales season in Brazil starts in October and continues until the following February. Summer weather from the end of 2013 to the beg...
1.10 Latin America
Brazil, Argentina, and Mexico are the top three air conditioner markets in Latin America with the combined market volume of 6.2 million units in 2013. In the Latin American air conditioner mark...
1.9.4 Iran
Iran’s air conditioner market scale in 2013 is estimated a t 4 67,000 units. The market fell 8.4% compared with the previous year due to the international economic sanctions imposed on Iran. However, with a large population of over 76 million and a very hot climate in summer, the market has future potential. Easing or elimination of the economic sanctions is key to future growth. Iran is im...
1.9.3 Iraq
Last year marked 10 years since the eruption of the Iraq War, and the country’s economy is recovering despite severe instability in the political and security situation. The reconstruction of the country as a whole is progressing slowly. Except the mountainous areas in the northeast, most parts of Iraq have a tropical desert climate with hot summer weather for most of the year. Boasting a p...
1.9.2 UAE
The economy of the UAE has maintained positive growth in recent years, with GDP around 4.5-5%. The global economic recovery has sustained high oil prices, which has given a boost to the oil-dependent economy. The country experiences a tropical desert climate with little rain and high temperatures year round. The UAE has a high percentage of foreign resident workers, and income disparity in ...
1.9.1 Saudi Arabia
Saudi Arabia is the biggest HVAC market in the Middle Eastern region and holds large potential. Supported by its oil reserves, the Saudi Arabian economy recorded GDP growth of 6.8% in 2013. Air...
1.9 Middle East
The Middle Eastern climate makes air conditioners a necessity, and the region’s air conditioner market holds great future promise. Even with political instability in several countries in the region in 2013, sales performance was still satisfactory. Middle Eastern air conditioner market scale reached over 5.2 million units in 2013 to record year-onyear growth of 15.5%. The market differs gre...
1.8 Australia
The population continues to grow in Australia and interest rates remain low. Residential development is improving in New South Wales, and with generally hot summers and short, cold winters, Australia’...
1.7.2 Pakistan
Pakistan’s air conditioner demand in 2013 increased by 24% from the previous year to around 930,000 units. Pakistan has a population of 180 million, ranking it sixth worldwide, and has enjoyed ...
