Ghana: Air Conditioning Machine Market 2024

Air Conditioning Machine Market Size in Ghana

The Ghanian air conditioning machine market reached $X in 2022, almost unchanged from the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption, however, recorded a relatively flat trend pattern. Air conditioning machine consumption peaked at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Air Conditioning Machine Exports

Exports from Ghana

In 2022, after five years of growth, there was significant decline in overseas shipments of non-window or wall air conditioning machines, when their volume decreased by X% to X units. Over the period under review, exports, however, recorded a strong expansion. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. Over the period under review, the exports reached the maximum at X units in 2021, and then fell remarkably in the following year.

In value terms, air conditioning machine exports contracted to $X in 2022. Overall, exports, however, continue to indicate a resilient increase. The most prominent rate of growth was recorded in 2017 when exports increased by X%. The exports peaked at $X in 2021, and then declined in the following year.

Exports by Country

Angola (X units) was the main destination for air conditioning machine exports from Ghana, with a X% share of total exports. Moreover, air conditioning machine exports to Angola exceeded the volume sent to the second major destination, the Netherlands (X units), twofold. The third position in this ranking was taken by Italy (X units), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Angola amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (X% per year) and Italy (X% per year).

In value terms, Angola ($X) remains the key foreign market for non-window or wall air conditioning machines exports from Ghana, comprising X% of total exports. The second position in the ranking was held by the Netherlands ($X), with a X% share of total exports. It was followed by Italy, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Angola stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (X% per year) and Italy (X% per year).

Export Prices by Country

The average air conditioning machine export price stood at $X per unit in 2022, picking up by X% against the previous year. Over the period under review, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 an increase of X% against the previous year. Over the period under review, the average export prices attained the maximum at $X per unit in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Burkina Faso ($X per unit), while the average price for exports to Kenya ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Angola (X%), while the prices for the other major destinations experienced more modest paces of growth.

Air Conditioning Machine Imports

Imports into Ghana

In 2022, approx. X units of non-window or wall air conditioning machines were imported into Ghana; declining by X% on the previous year. Overall, imports saw a pronounced shrinkage. The growth pace was the most rapid in 2016 with an increase of X% against the previous year. Over the period under review, imports hit record highs at X units in 2018; however, from 2019 to 2022, imports remained at a lower figure.

In value terms, air conditioning machine imports stood at $X in 2022. In general, imports, however, posted noticeable growth. The pace of growth was the most pronounced in 2016 with an increase of X%. Imports peaked at $X in 2020; however, from 2021 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X units) constituted the largest air conditioning machine supplier to Ghana, with a X% share of total imports. Moreover, air conditioning machine imports from China exceeded the figures recorded by the second-largest supplier, Malaysia (X units), fivefold. Slovakia (X units) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (X% per year) and Slovakia (X% per year).

In value terms, China ($X) constituted the largest supplier of non-window or wall air conditioning machines to Ghana, comprising X% of total imports. The second position in the ranking was taken by Slovakia ($X), with a X% share of total imports. It was followed by Egypt, with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Slovakia (X% per year) and Egypt (X% per year).

Import Prices by Country

The average air conditioning machine import price stood at $X per unit in 2022, growing by X% against the previous year. Over the period under review, import price indicated a resilient increase from 2012 to 2022: its price 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, air conditioning machine import price increased by X% against 2017 indices. The growth pace was the most rapid in 2013 when the average import price increased by X%. Over the period under review, average import prices reached the maximum in 2022 and is expected to retain growth in years to come.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was France ($X per unit), while the price for Malaysia ($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 prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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