Africa: Air Conditioning Machine Market 2024

Air Conditioning Machine Market Size in Africa

In 2022, after two years of decline, there was significant growth in the African air conditioning machine market, when its value increased by X% to $X. In general, consumption, however, recorded a noticeable decrease. Over the period under review, the market attained the peak level at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Air Conditioning Machine Production in Africa

In value terms, air conditioning machine production rose modestly to $X in 2022 estimated in export price. Over the period under review, production showed a abrupt curtailment. The most prominent rate of growth was recorded in 2020 when the production volume increased by X% against the previous year. Over the period under review, production attained the maximum level at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

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Air Conditioning Machine Exports

Exports in Africa

In 2022, approx. X units of air conditioning machines were exported in Africa; with a decrease of X% against 2021. Over the period under review, exports, however, continue to indicate a pronounced expansion. The pace of growth appeared the most rapid in 2013 with an increase of X% against the previous year. As a result, the exports attained the peak of X units. From 2014 to 2022, the growth of the exports remained at a lower figure.

In value terms, air conditioning machine exports reached $X in 2022. Total exports indicated temperate growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2018 indices. The growth pace was the most rapid in 2020 with an increase of X%. Over the period under review, the exports attained the maximum in 2022 and are expected to retain growth in the immediate term.

Exports by Country

Morocco (X units) and South Africa (X units) represented roughly X% of total exports in 2022. It was distantly followed by Egypt (X units), achieving a X% share of total exports. Algeria (X units) took a little share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Morocco (with a CAGR of X%), while the other leaders experienced mixed trends in the exports figures.

In value terms, the largest air conditioning machine supplying countries in Africa were Morocco ($X), Egypt ($X) and South Africa ($X), with a combined X% share of total exports.

Morocco, with a CAGR of X%, saw the highest growth rate of the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

In 2022, the export price in Africa amounted to $X per unit, with an increase of X% against the previous year. Over the period under review, the export price, however, showed a mild decrease. The pace of growth was the most pronounced in 2014 an increase of X%. Over the period under review, the export prices hit record highs at $X per unit in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Egypt ($X per unit), while South Africa ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Egypt (X%), while the other leaders experienced a decline in the export price figures.

Air Conditioning Machine Imports

Imports in Africa

In 2022, overseas purchases of air conditioning machines were finally on the rise to reach X units for the first time since 2019, thus ending a two-year declining trend. Over the period under review, imports, however, showed a mild decrease. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. The volume of import peaked at X units in 2014; however, from 2015 to 2022, imports remained at a lower figure.

In value terms, air conditioning machine imports rose rapidly to $X in 2022. Overall, imports, however, showed a perceptible curtailment. The growth pace was the most rapid in 2019 when imports increased by X%. Over the period under review, imports reached the peak figure at $X in 2013; however, from 2014 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Nigeria (X units), South Africa (X units), Egypt (X units), Libya (X units), Ghana (X units), Morocco (X units) and Algeria (X units) represented the largest importer of air conditioning machines in Africa, comprising X% of total import. The following importers - Tunisia (X units), Angola (X units), Sudan (X units), Democratic Republic of the Congo (X units), Guinea (X units) and Tanzania (X units) - together made up X% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Tunisia (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Nigeria ($X), South Africa ($X) and Morocco ($X) were the countries with the highest levels of imports in 2022, together accounting for X% of total imports. Egypt, Algeria, Libya, Ghana, Angola, Sudan, Tunisia, Democratic Republic of the Congo, Guinea and Tanzania lagged somewhat behind, together comprising a further X%.

Democratic Republic of the Congo, with a CAGR of X%, saw the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in Africa amounted to $X per unit, shrinking by X% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when the import price increased by X%. The level of import peaked at $X per unit in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Morocco ($X per unit), while Guinea ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Egypt (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform