International.
The United States is the leader in global imports of commercial and industrial air conditioning, heating and refrigeration equipment, accounting for a 15% share (based on U.S. dollars), according to a new report from IndexBox marketing.
The US was followed by Germany (7%) and China (7%). In 2015, U.S. imports of air conditioning, heating and refrigeration equipment totaled $15.44 billion, which is $204 million (1%) higher than the previous year.
From 2007 to 2015, U.S. imports showed mixed dynamics. A significant drop in 2009 was followed by sustained growth over the next six years, with a slowdown in 2015. There was an annual increase of 11.7% over the period, as imports began an upward trend.
Mexico, China and Japan were the top suppliers in the U.S., with a combined share of 69% of total imports. Mexico was the fastest growing supplier (8.6% year-on-year) 2007-2015, while imports from China and Japan grew by 5.8% per year and 4.1% per year, respectively.
Mexico has significantly strengthened its position in the structure of imports to the U.S., from 28% in 2007 to 36% in 2015. Shares of other major supplier countries remained relatively stable over the same period.
