Western Africa: Market for Window or Wall Air Conditioning Systems, Self-Contained or Split-Systems 2024

Exports of Window or Wall Air Conditioning Systems, Self-Contained or Split-Systems

Exports in Western Africa

In 2022, shipments abroad of window or wall air conditioning systems, self-contained or split-systems increased by X% to X units, rising for the third year in a row after two years of decline. In general, exports enjoyed a strong expansion. The most prominent rate of growth was recorded in 2020 with an increase of X%. The volume of export peaked in 2022 and is expected to retain growth in years to come.

In value terms, exports of window or wall air conditioning systems, self-contained or split-systems declined slightly to $X in 2022. Over the period under review, exports saw a noticeable expansion. The pace of growth was the most pronounced in 2020 with an increase of X%. Over the period under review, the exports of reached the maximum at $X in 2021, and then fell in the following year.

Exports by Country

Senegal dominates split-systems structure, recording X units, which was near X% of total exports in 2022. The following exporters - Liberia (X units), Ghana (X units), Mali (X units) and Nigeria (X units) - together made up X% of total exports.

From 2012 to 2022, average annual rates of growth with regard to window, wall, or split air conditioning system exports from Senegal stood at X%. At the same time, Mali (X%) and Ghana (X%) displayed positive paces of growth. Moreover, Mali emerged as the fastest-growing exporter exported in Western Africa, with a CAGR of X% from 2012-2022. By contrast, Liberia (X%) and Nigeria (X%) illustrated a downward trend over the same period. While the share of Senegal (X p.p.) and Ghana (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Nigeria (X p.p.) and Liberia (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Senegal ($X) remains the largest window, wall, or split air conditioning system supplier in Western Africa, comprising X% of total exports. The second position in the ranking was held by Liberia ($X), with a X% share of total exports. It was followed by Ghana, with a X% share.

From 2012 to 2022, the average annual growth rate of value in Senegal amounted to X%. The remaining exporting countries recorded the following average annual rates of exports growth: Liberia (X% per year) and Ghana (X% per year).

Export Prices by Country

The export price in Western Africa stood at $X per unit in 2022, dropping by X% against the previous year. In general, the export price saw a perceptible contraction. The most prominent rate of growth was recorded in 2020 when the export price increased by X%. As a result, the export price attained the peak level of $X per unit. From 2021 to 2022, the export prices remained at a lower figure.

Average prices varied somewhat amongst the major exporting countries. In 2022, major exporting countries recorded the following prices: in Mali ($X per unit) and Nigeria ($X per unit), while Senegal ($X per unit) and Liberia ($X per unit) were amongst the lowest.

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

Imports of Window or Wall Air Conditioning Systems, Self-Contained or Split-Systems

Imports in Western Africa

Imports of window or wall air conditioning systems, self-contained or split-systems rose significantly to X units in 2022, with an increase of X% on 2021. Over the period under review, imports posted a resilient increase. The pace of growth appeared the most rapid in 2019 when imports increased by X%. Over the period under review, imports of hit record highs at X units in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

In value terms, imports of window or wall air conditioning systems, self-contained or split-systems expanded sharply to $X in 2022. In general, imports enjoyed a notable increase. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. Over the period under review, imports of hit record highs at $X in 2020; however, from 2021 to 2022, imports failed to regain momentum.

Imports by Country

Nigeria was the major importer of window or wall air conditioning systems, self-contained or split-systems in Western Africa, with the volume of imports amounting to X units, which was approx. X% of total imports in 2022. Ghana (X units) took the second position in the ranking, distantly followed by Guinea (X units). All these countries together took near X% share of total imports. Cote d'Ivoire (X units), Senegal (X units), Mali (X units) and Gambia (X units) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Gambia (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Nigeria ($X) constitutes the largest market for imported window or wall air conditioning systems, self-contained or split-systems in Western Africa, comprising X% of total imports. The second position in the ranking was held by Ghana ($X), with a X% share of total imports. It was followed by Cote d'Ivoire, with a X% share.

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

Import Prices by Country

The import price in Western Africa stood at $X per unit in 2022, waning by X% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of X%. The level of import peaked at $X per unit in 2015; however, from 2016 to 2022, 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 ($X per unit), while Guinea ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform