Africa: Hvac Equipment Market 2024

Hvac Equipment Market Size in Africa

The African HVAC equipment market dropped to $X in 2022, shrinking by X% against the previous year. The market value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level of $X, and then shrank in the following year.

Hvac Equipment Production in Africa

In value terms, HVAC equipment production stood at $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2016 when the production volume increased by X%. Over the period under review, production hit record highs at $X in 2020; afterwards, it flattened through to 2022.

Hvac Equipment Exports

Exports in Africa

In 2022, overseas shipments of HVAC equipment increased by X% to X units, rising for the second year in a row after three years of decline. Over the period under review, exports, however, continue to indicate a drastic downturn. The growth pace was the most rapid in 2013 with an increase of X% against the previous year. As a result, the exports reached the peak of X units. From 2014 to 2022, the growth of the exports remained at a lower figure.

In value terms, HVAC equipment exports declined to $X in 2022. Overall, exports, however, continue to indicate a noticeable contraction. The pace of growth appeared the most rapid in 2021 when exports increased by X%. Over the period under review, the exports hit record highs at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

In 2022, South Africa (X units) represented the key exporter of HVAC equipment, constituting X% of total exports. It was distantly followed by Tunisia (X units) and Egypt (X units), together creating a X% share of total exports. Morocco (X units) and Algeria (X units) followed a long way behind the leaders.

Exports from South Africa decreased at an average annual rate of X% from 2012 to 2022. At the same time, Algeria (X%) displayed positive paces of growth. Moreover, Algeria emerged as the fastest-growing exporter exported in Africa, with a CAGR of X% from 2012-2022. Morocco experienced a relatively flat trend pattern. By contrast, Egypt (X%) and Tunisia (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of South Africa and Morocco increased by X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) remains the largest HVAC equipment supplier in Africa, comprising X% of total exports. The second position in the ranking was held by Egypt ($X), with a X% share of total exports. It was followed by Morocco, with a X% share.

In South Africa, HVAC equipment exports remained relatively stable over the period from 2012-2022. In the other countries, the average annual rates were as follows: Egypt (X% per year) and Morocco (X% per year).

Export Prices by Country

The export price in Africa stood at $X per unit in 2022, shrinking by X% against the previous year. Export price indicated a tangible expansion 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, HVAC equipment export price decreased by X% against 2020 indices. The pace of growth was the most pronounced in 2015 an increase of X% against the previous year. Over the period under review, the export prices hit record highs at $X per unit in 2020; however, from 2021 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Egypt ($X per unit), while Tunisia ($X per unit) was amongst the lowest.

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

Hvac Equipment Imports

Imports in Africa

HVAC equipment imports expanded notably to X units in 2022, growing by X% on 2021 figures. The total import volume increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The pace of growth appeared the most rapid in 2019 with an increase of X% against the previous year. As a result, imports attained the peak of X units. From 2020 to 2022, the growth of imports remained at a lower figure.

In value terms, HVAC equipment imports amounted to $X in 2022. Over the period under review, imports, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 with an increase of X%. As a result, imports attained the peak of $X. From 2020 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, South Africa (X units), distantly followed by Nigeria (X units), Algeria (X units), Egypt (X units) and Libya (X units) represented the main importers of HVAC equipment, together committing X% of total imports. Morocco (X units), Burkina Faso (X units), Senegal (X units), Tunisia (X units), Ghana (X units), Angola (X units) and Democratic Republic of the Congo (X units) held a relatively small share of total imports.

Imports into South Africa increased at an average annual rate of X% from 2012 to 2022. At the same time, Democratic Republic of the Congo (X%), Senegal (X%), Burkina Faso (X%), Nigeria (X%) and Ghana (X%) displayed positive paces of growth. Moreover, Democratic Republic of the Congo emerged as the fastest-growing importer imported in Africa, with a CAGR of X% from 2012-2022. Morocco experienced a relatively flat trend pattern. By contrast, Algeria (X%), Egypt (X%), Angola (X%), Tunisia (X%) and Libya (X%) illustrated a downward trend over the same period. While the share of Nigeria (X p.p.), Senegal (X p.p.), Burkina Faso (X p.p.) and Democratic Republic of the Congo (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Angola (X p.p.), Egypt (X p.p.), Algeria (X p.p.), Tunisia (X p.p.) and Libya (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Nigeria ($X), South Africa ($X) and Algeria ($X) appeared to be the countries with the highest levels of imports in 2022, with a combined X% share of total imports. Egypt, Morocco, Libya, Angola, Ghana, Democratic Republic of the Congo, Tunisia, Senegal and Burkina Faso lagged somewhat behind, together comprising a further X%.

Democratic Republic of the Congo, with a CAGR of X%, 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

The import price in Africa stood at $X per unit in 2022, declining by X% against the previous year. In general, the import price continues to indicate a slight decrease. The pace of growth appeared the most rapid in 2020 when the import price increased by X% against the previous year. The level of import peaked at $X per unit in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

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

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

Source: IndexBox Platform