Cote d'Ivoire: Air Conditioning Machine Market 2024

Air Conditioning Machine Market Size in Cote d'Ivoire

In 2022, after two years of growth, there was decline in the Cote d'Ivoire's air conditioning machine market, when its value decreased by -4.3% to $X. Overall, consumption posted a strong expansion. Over the period under review, the market reached the maximum level at $X in 2014; however, from 2015 to 2022, consumption stood at a somewhat lower figure.

Air Conditioning Machine Exports

Exports from Cote d'Ivoire

In 2022, after two years of decline, there was significant growth in overseas shipments of non-window or wall air conditioning machines, when their volume increased by 32% to X units. Over the period under review, exports, however, faced a significant decrease. The pace of growth appeared the most rapid in 2015 with an increase of 491%. As a result, the exports reached the peak of X units. From 2016 to 2022, the growth of the exports failed to regain momentum.

In value terms, air conditioning machine exports reduced to $X in 2022. In general, exports, however, faced a abrupt decline. The pace of growth appeared the most rapid in 2015 when exports increased by 281% against the previous year. As a result, the exports reached the peak of $X. From 2016 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Burkina Faso (X units) was the main destination for air conditioning machine exports from Cote d'Ivoire, with a 46% share of total exports. Moreover, air conditioning machine exports to Burkina Faso exceeded the volume sent to the second major destination, Niger (X units), threefold. Liberia (X units) ranked third in terms of total exports with a 12% share.

From 2012 to 2022, the average annual growth rate of volume to Burkina Faso totaled -24.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Niger (-24.1% per year) and Liberia (-9.1% per year).

In value terms, Liberia ($X), Mali ($X) and Niger ($X) appeared to be the largest markets for air conditioning machine exported from Cote d'Ivoire worldwide, together accounting for 86% of total exports. Senegal, Burkina Faso, France, Ghana, Nigeria, Benin and Cameroon lagged somewhat behind, together accounting for a further 13%.

Senegal, with a CAGR of +5.9%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

In 2022, the average air conditioning machine export price amounted to $X per unit, declining by -25.9% against the previous year. Overall, the export price, however, showed a strong expansion. The pace of growth was the most pronounced in 2021 an increase of 93%. As a result, the export price reached the peak level of $X per unit, and then reduced rapidly in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Mali ($X per unit), while the average price for exports to Cameroon ($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 Senegal (+30.4%), while the prices for the other major destinations experienced more modest paces of growth.

Air Conditioning Machine Imports

Imports into Cote d'Ivoire

In 2022, imports of non-window or wall air conditioning machines into Cote d'Ivoire expanded notably to X units, surging by 12% compared with the previous year's figure. Overall, imports saw a prominent increase. The growth pace was the most rapid in 2013 with an increase of 82% against the previous year. Over the period under review, imports attained the peak figure at X units in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

In value terms, air conditioning machine imports contracted to $X in 2022. Over the period under review, imports saw a remarkable increase. The pace of growth was the most pronounced in 2013 with an increase of 74%. Imports peaked at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X units) constituted the largest supplier of air conditioning machine to Cote d'Ivoire, accounting for a 49% share of total imports. Moreover, air conditioning machine imports from China exceeded the figures recorded by the second-largest supplier, France (X units), threefold. The third position in this ranking was held by Australia (X units), with a 7.2% share.

From 2012 to 2022, the average annual growth rate of volume from China stood at +16.7%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+31.1% per year) and Australia (+57.1% per year).

In value terms, the largest air conditioning machine suppliers to Cote d'Ivoire were France ($X), China ($X) and Australia ($X), together accounting for 65% of total imports. Belgium, the United Arab Emirates, Spain, the Netherlands, Morocco, Lebanon, Denmark and Cameroon lagged somewhat behind, together comprising a further 17%.

Denmark, with a CAGR of +45.8%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average air conditioning machine import price stood at $X per unit in 2022, falling by -19.4% against the previous year. Overall, the import price showed a noticeable descent. The most prominent rate of growth was recorded in 2019 when the average import price increased by 45% against the previous year. The import price peaked at $X per unit in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Belgium ($X per unit), while the price for Cameroon ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+7.6%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform