OEMs
HVAC equipment shipments slip in April
Written by Brett Linton
June 14, 2024
Shipments of heating and cooling equipment receded in April from March, according to the latest data released from the Air-Conditioning, Heating, and Refrigeration Institute (AHRI). Following the multi-month high recorded in March, shipments remain strong through April in comparison to recent months.
April shipments declined 6% month on month (m/m) to 1.86 million units, 7% greater than the same month one year prior. Recall that shipments had jumped 18% m/m in February and 13% m/m in March.
On an annualized 12-month moving average (12MMA) basis, shipments have been trending lower since their post-Covid surge, flattening out in late 2023. The latest 12MMA for total shipments is 1.75 million units. This is 6% lower than the same period last year and 14% lower than the 12MMA through April 2022.
April shipments of residential and commercial storage water heaters eased 2% m/m to a combined 870,126 units. Recall that in March we saw the highest monthly water-heater shipment rate seen since April 2022.
Warm air furnace shipments fell 6% m/m in April following March’s 15% jump, now at a combined 236,330 units.
Shipments of central air conditioners and air-source heat pumps declined 11% m/m to a total of 748,688 units. This comes after a 28% m/m surge in March. Note that air conditioner/heat pump shipments are very seasonal, with slowdowns experienced throughout the winter months as evident in Figure 2. Total air conditioner and heat pump shipments are 4% lower than the same month one year prior.
The full press release of this data is available here on the AHRI website.
An interactive history of heating and cooling equipment shipment data is available here on our website. If you need assistance logging in to or navigating the website, please contact us at info@steelmarketupdate.com.
Brett Linton
Read more from Brett LintonLatest in OEMs
Galvanized tags predicted to be flat into final stretch of 2024: HARDI
Domestic galvanized prices remain relatively relatively rangebound despite the conclusion of the US presidential election.
HVAC shipments slip in September but are still trending higher
Following a strong August, total heating and cooling equipment shipments eased in September to a five-month low, according to the latest data from the Air-Conditioning, Heating, and Refrigeration Institute (AHRI).
Metalformers see weaker conditions in coming months
Metalformers in the US and Canada expect a decline in economic activity in the coming months, according to the recently released October Business Conditions Report from the Precision Metalforming Association (PMA). Approximately 37% of surveyed manufacturers anticipate weaker business conditions over the next three months. This rate is up from 31% in September but a […]
‘Unprecedented stability’ in prices rules galvanized mart
The theme of “unprecedented stability” in pricing predominated among galvanized steel buyers this month.
John Deere blames weak demand for US layoffs
Heavy equipment manufacturer John Deere blamed soft demand and a reduction in orders for a spate of layoffs in Iowa this year, according to a local report.