Features
Heating and cooling equipment shipments improved in January: AHRI
Written by David Schollaert
March 8, 2024
Domestic shipments of heating and cooling equipment were up marginally in January, according to the latest data released from the Air Conditioning, Heating, and Refrigeration Institute (AHRI).
Shipments were up 0.2% month on month (m/m) but down 10% year on year (y/y) to 1481,125 units in January. On a 12-month moving average (12MMA) basis, shipments were down 0.8% to 1,744,138 units vs. 1,758,400 units the prior month.
The chart below shows the annual rate of change in total heating and cooling shipments on a three-month moving average (3MMA) basis. It shows January shipments as being down 9%.
January shipments of residential and commercial storage water heaters fell 3% m/m to a combined 783,035 units. Shipments decreased 0.1% y/y from 784,174 units.
Shipments of central air conditioners and air-source heat pumps were down 14% m/m and 21% y/y to 479,374 units. A total of 248,035 AC units and 231,339 heat pump units were shipped in January.
The year-to-date combined total of all products through November stood at 45,774,147 units, up 84% from a year earlier.
The full press release of this data is available on the AHRI website.
An interactive history of heating and cooling equipment shipment data is available on our website. If you need assistance logging in to or navigating the website, please contact us at info@steelmarketupdate.com.
David Schollaert
Read more from David SchollaertLatest in Features
Final Thoughts: Survey says edition
It's can-kicking at its finest. And it’s been drawn out! Some are getting so good at it, they’re kicking cans and taking names.
Final Thoughts
We just wrapped up another Steel 101 workshop, easily the most hands-on industry workshop on steelmaking and market fundamentals.
Leibowitz: Renewed trade war with China over rare earths
On Oct.10, President Trump announced major increases in tariffs on Chinese goods. The trigger was a new regime of export controls on rare earth metals and products using those elements, including magnets, capital equipment, and catalysts for catalytic converters in cars and trucks.
CRU: Soft demand weighs on sheet imports into the US
US domestic sheet prices have remained rangebound in recent weeks as supply tightness met weak demand. Demand for steel produced in the US increased among some Mexican industrial buyers....
SMU flat-rolled market survey results now available
SMU’s latest steel buyers market survey results are now available on our website to all premium members.