Africa: Air Conditioning Machine Market 2024

Air Conditioning Machine Market Size in Africa

In 2021, the African air conditioning machine market decreased by -11.3% to $X, falling for the third year in a row after two years of growth. In general, consumption showed a abrupt decrease. As a result, consumption reached the peak level of $X. From 2015 to 2021, the growth of the market remained at a somewhat lower figure.

Air Conditioning Machine Production in Africa

In value terms, air conditioning machine production reduced to $X in 2021 estimated in export price. Over the period under review, production continues to indicate a abrupt curtailment. The growth pace was the most rapid in 2020 with an increase of 36%. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Air Conditioning Machine Exports

Exports in Africa

After two years of growth, overseas shipments of air conditioning machines decreased by -3% to X units in 2021. In general, exports continue to indicate a slight slump. The pace of growth appeared the most rapid in 2020 when exports increased by 121% against the previous year. Over the period under review, the exports hit record highs at X units in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

In value terms, air conditioning machine exports skyrocketed to $X in 2021. Total exports indicated a tangible increase from 2012 to 2021: its value increased at an average annual rate of +2.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +35.0% against 2017 indices. The pace of growth appeared the most rapid in 2020 when exports increased by 34% against the previous year. Over the period under review, the exports hit record highs in 2021 and are expected to retain growth in the immediate term.

Exports by Country

Morocco prevails in exports structure, finishing at X units, which was near 77% of total exports in 2021. It was distantly followed by South Africa (X units) and Egypt (X units), together creating an 18% share of total exports.

Morocco was also the fastest-growing in terms of the air conditioning machines exports, with a CAGR of +78.4% from 2012 to 2021. Egypt (-7.9%) and South Africa (-22.2%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Morocco increased by +77 percentage points.

In value terms, Morocco ($X) remains the largest air conditioning machine supplier in Africa, comprising 48% of total exports. The second position in the ranking was held by Egypt ($X), with a 23% share of total exports.

In Morocco, air conditioning machine exports expanded at an average annual rate of +50.5% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Egypt (-6.3% per year) and South Africa (-7.2% per year).

Export Prices by Country

The export price in Africa stood at $X per unit in 2021, growing by 19% against the previous year. Overall, the export price enjoyed moderate growth. The growth pace was the most rapid in 2016 an increase of 284% against the previous year. The level of export peaked at $X per unit in 2018; however, from 2019 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably country of origin: the country with the highest price was Egypt ($X per unit), while Morocco ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Africa (+19.2%), while the other leaders experienced mixed trends in the export price figures.

Air Conditioning Machine Imports

Imports in Africa

In 2021, overseas purchases of air conditioning machines decreased by -8.3% to X units, falling for the third year in a row after two years of growth. In general, imports showed a abrupt decline. The most prominent rate of growth was recorded in 2014 with an increase of 3,121% against the previous year. As a result, imports reached the peak of X units. From 2015 to 2021, the growth of imports failed to regain momentum.

In value terms, air conditioning machine imports dropped modestly to $X in 2021. Overall, imports recorded a perceptible curtailment. The pace of growth appeared the most rapid in 2019 with an increase of 16%. The level of import peaked at $X in 2013; however, from 2014 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Nigeria (X units) and South Africa (X units) were the largest importers of air conditioning machines in Africa, together amounting to approx. 28% of total imports. Libya (X units) held a 7.2% share (based on physical terms) of total imports, which put it in second place, followed by Morocco (6.3%), Egypt (6.2%), Cote d'Ivoire (5.9%) and Ghana (5.4%). Algeria (X units), Sudan (X units), Tunisia (X units), Senegal (X units), Cameroon (X units) and Angola (X units) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were in Senegal (with a CAGR of +16.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Nigeria ($X), South Africa ($X) and Egypt ($X) appeared to be the countries with the highest levels of imports in 2021, together comprising 39% of total imports. These countries were followed by Libya, Morocco, Ghana, Algeria, Cote d'Ivoire, Sudan, Angola, Tunisia, Senegal and Cameroon, which together accounted for a further 39%.

Senegal, with a CAGR of +11.9%, saw the highest rates of growth with regard to the value of imports, among 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 2021, the import price in Africa amounted to $X per unit, increasing by 4.3% against the previous year. In general, the import price posted a buoyant expansion. The pace of growth was the most pronounced in 2015 when the import price increased by 1,927% against the previous year. The level of import peaked in 2021 and is likely to see steady growth in years to come.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was Egypt ($X per unit), while Cameroon ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Africa (+37.7%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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