ECOWAS: Air Conditioning Machine Market 2024

Air Conditioning Machine Market Size in ECOWAS

The ECOWAS air conditioning machine market surged to $X in 2022, picking up by X% against the previous year. Overall, consumption posted a significant increase. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Air Conditioning Machine Production in ECOWAS

In value terms, air conditioning machine production totaled $X in 2022 estimated in export price. In general, production, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. The level of production peaked at $X in 2020; afterwards, it flattened through to 2022.

Air Conditioning Machine Exports

Exports in ECOWAS

Air conditioning machine exports soared to X units in 2022, rising by X% on the year before. Over the period under review, exports recorded a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, air conditioning machine exports contracted sharply to $X in 2022. In general, exports, however, showed a pronounced setback. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. The level of export peaked at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Ghana was the major exporter of non-window or wall air conditioning machines in ECOWAS, with the volume of exports amounting to X units, which was near X% of total exports in 2022. Burkina Faso (X units) took an X% share (based on physical terms) of total exports, which put it in second place, followed by Cote d'Ivoire (X%) and Senegal (X%). Sierra Leone (X units) took a little share of total exports.

From 2012 to 2022, average annual rates of growth with regard to air conditioning machine exports from Ghana stood at X%. At the same time, Cote d'Ivoire (X%), Sierra Leone (X%), Burkina Faso (X%) and Senegal (X%) displayed positive paces of growth. Moreover, Cote d'Ivoire emerged as the fastest-growing exporter exported in ECOWAS, with a CAGR of X% from 2012-2022. While the share of Ghana (X p.p.), Burkina Faso (X p.p.) and Cote d'Ivoire (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Senegal (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest air conditioning machine supplying countries in ECOWAS were Burkina Faso ($X), Ghana ($X) and Senegal ($X), together accounting for X% of total exports.

In terms of the main exporting countries, Burkina Faso, with a CAGR of X%, saw the highest growth rate of the value of exports, 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 ECOWAS amounted to $X per unit, waning by X% against the previous year. In general, the export price continues to indicate a precipitous contraction. The pace of growth appeared the most rapid in 2014 an increase of X%. As a result, the export price attained the peak level of $X per unit. From 2015 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 Sierra Leone ($X per unit), while Ghana ($X per unit) was amongst the lowest.

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

Air Conditioning Machine Imports

Imports in ECOWAS

In 2022, the amount of non-window or wall air conditioning machines imported in ECOWAS surged to X units, with an increase of X% compared with 2021 figures. In general, imports showed a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, air conditioning machine imports soared to $X in 2022. Over the period under review, imports showed a resilient expansion. The growth pace was the most rapid in 2014 when imports increased by X%. As a result, imports attained the peak of $X. From 2015 to 2022, the growth of imports remained at a lower figure.

Imports by Country

Nigeria prevails in imports structure, finishing at X units, which was approx. X% of total imports in 2022. The following importers - Burkina Faso (X units), Niger (X units), Cote d'Ivoire (X units) and Senegal (X units) - together made up X% of total imports.

Imports into Nigeria increased at an average annual rate of X% from 2012 to 2022. At the same time, Burkina Faso (X%), Niger (X%), Senegal (X%) and Cote d'Ivoire (X%) displayed positive paces of growth. Moreover, Burkina Faso emerged as the fastest-growing importer imported in ECOWAS, with a CAGR of X% from 2012-2022. From 2012 to 2022, the share of Nigeria, Burkina Faso and Niger increased by X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Nigeria ($X) constitutes the largest market for imported non-window or wall air conditioning machines in ECOWAS, comprising X% of total imports. The second position in the ranking was taken by Cote d'Ivoire ($X), with a X% share of total imports. It was followed by Senegal, with a X% share.

From 2012 to 2022, the average annual growth rate of value in Nigeria totaled X%. The remaining importing countries recorded the following average annual rates of imports growth: Cote d'Ivoire (X% per year) and Senegal (X% per year).

Import Prices by Country

In 2022, the import price in ECOWAS amounted to $X per unit, which is down by X% against the previous year. Over the period under review, the import price recorded a sharp downturn. The pace of growth was the most pronounced in 2014 an increase of X% against the previous year. As a result, import price reached the peak level of $X per unit. From 2015 to 2022, the import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Cote d'Ivoire ($X per unit), while Nigeria ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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