Guosheng: July home air conditioner export volume and value both increased, with Asia driving growth.

Guosheng released a research report stating that data from Industry Online shows that in July 2026, China's home air conditioner exports reached 5.321 million units, a year-on-year increase of 1.4%. By continent, in July, the export growth rates of home air conditioners in Asia, Europe, Latin America, North America, Africa, and Oceania were 13.7%, -18.4%, -0.1%, -50.1%, +9.1%, and -29%, respectively. Asia underpinned the overall growth of exports, while exports to Europe and the United States weakened. At present, demand rotation across different overseas regions is relatively fast. Japan's policy-driven advance stocking and Southeast Asia's phased restocking brought short-term increments, but demand in most traditional major markets is weak and inventory adjustment progress is slow, with no comprehensive and sustained recovery emerging. Going forward, conditions in various regions will remain mixed and trends will diverge. Guosheng's main points are as follows: Data According to Industry Online data, in July 2026, China's home air conditioner exports reached 5.321 million units, a year-on-year increase of 1.4%; sales amounted to USD 1.17 billion, a year-on-year increase of 8.7%; the average export price was USD 219.6, up 7.2% year on year. Overall, the recovery in home air conditioner exports in July was entirely driven by the Asian market, while North America and Europe were still in a phase of adjustment and decline. The market as a whole showed a pattern of localized recovery and weakness in most markets. At present, demand rotation across different overseas regions is relatively fast. Japan's policy-driven advance stocking and Southeast Asia's phased restocking brought short-term increments, but demand in most traditional major markets is weak and inventory adjustment progress is slow, with no comprehensive and sustained recovery emerging. Going forward, conditions in various regions will remain mixed and trends will diverge. By continental market Asia underpinned the overall growth of exports, while exports to Europe and the United States weakened. In July 2026, the export growth rates of home air conditioners in Asia, Europe, Latin America, North America, Africa, and Oceania were 13.7%, -18.4%, -0.1%, -50.1%, +9.1%, and -29%, respectively. By country market Japan saw high growth in both volume and value, Brazil saw volume growth but value decline, and Saudi Arabia maintained a high average price. In July 2026, the growth rates of the top 10 countries by home air conditioner export volumeJapan, Brazil, Saudi Arabia, Venezuela, Russia, Indonesia, Malaysia, Mexico, the Philippines, and South Koreawere 58.4%, 28.8%, 8.0%, 0.7%, -15.7%, -9.5%, 19.5%, 1.0%, 48.8%, and -30.4%, respectively. In July 2026, the growth rates of the top 10 countries by home air conditioner export valueJapan, Saudi Arabia, Brazil, Russia, the United States, the UAE, Malaysia, Mexico, Indonesia, and Iraqwere 69.0%, 29.5%, -2.8%, -1.7%, -43.5%, -33.7%, -8.9%, 11.8%, 4.5%, and 76.1%, respectively. By product segment market The share of split units and portable air conditioners increased, while the share of window units continued to shrink. In July 2026, the shares of home air conditioner export volume by product were 85.8% for split units, 8.4% for window units, and 5.8% for portable units. In the same period last year, the shares of home air conditioner export volume by product were 82.5% for split units, 12.6% for window units, and 4.9% for portable units. Risk warning: industry demand falling short of expectations, raw material price fluctuations, and risks related to differences in third-party data statistical calibers.