Ghana: Market for Air conditioning Machines without Refrigeration Unit 2025

Market Size for Air conditioning Machines without Refrigeration Unit in Ghana

The Ghanian market for air conditioning machines without refrigeration unit declined markedly to $X in 2022, with a decrease of -21.6% against 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). In general, consumption, however, saw notable growth. As a result, consumption attained the peak level of $X. From 2017 to 2022, the growth of the market failed to regain momentum.

Exports of Air conditioning Machines without Refrigeration Unit

Exports from Ghana

Exports of air conditioning machines without refrigeration unit from Ghana soared to X units in 2022, growing by 50% against 2021. In general, exports, however, saw a abrupt decline. The pace of growth appeared the most rapid in 2018 with an increase of 1,200% against the previous year. As a result, the exports attained the peak of X units. From 2019 to 2022, the growth of the exports of remained at a somewhat lower figure.

In value terms, exports of air conditioning machines without refrigeration unit skyrocketed to $X in 2022. Overall, exports, however, continue to indicate a deep contraction. The most prominent rate of growth was recorded in 2017 with an increase of 313%. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Burkina Faso (X units) was the main destination for exports of air conditioning machines without refrigeration unit from Ghana, with a approx. 100% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to Burkina Faso totaled +2.6%.

In value terms, Burkina Faso ($X) also remains the key foreign market for air conditioning machines without refrigeration unit exports from Ghana.

From 2012 to 2022, the average annual rate of growth in terms of value to Burkina Faso totaled +51.4%.

Export Prices by Country

The average export price for air conditioning machines without refrigeration unit stood at $X per unit in 2022, shrinking by -3.3% against the previous year. Over the period under review, the export price saw a abrupt decline. The pace of growth appeared the most rapid in 2019 when the average export price increased by 451%. As a result, the export price attained the peak level of $X per unit. From 2020 to 2022, the average export prices remained at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for Burkina Faso.

From 2012 to 2022, the rate of growth in terms of prices for Cote d'Ivoire amounted to +390.9% per year.

Imports of Air conditioning Machines without Refrigeration Unit

Imports into Ghana

Imports of air conditioning machines without refrigeration unit into Ghana contracted to X units in 2022, falling by -14.8% against the year before. Overall, imports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when imports increased by 287% against the previous year. As a result, imports attained the peak of X units. From 2017 to 2022, the growth of imports of failed to regain momentum.

In value terms, imports of air conditioning machines without refrigeration unit contracted dramatically to $X in 2022. In general, imports, however, saw temperate growth. The pace of growth appeared the most rapid in 2016 when imports increased by 261% against the previous year. As a result, imports reached the peak of $X. From 2017 to 2022, the growth of imports of failed to regain momentum.

Imports by Country

In 2022, China (X units) constituted the largest supplier of air conditioning machins without refrigeration unit to Ghana, with a 18% share of total imports. Moreover, imports of air conditioning machines without refrigeration unit from China exceeded the figures recorded by the second-largest supplier, Israel (X units), threefold. Malaysia (X units) ranked third in terms of total imports with a 5.5% share.

From 2012 to 2022, the average annual growth rate of volume from China totaled +31.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Israel (+24.4% per year) and Malaysia (+7.0% per year).

In value terms, China ($X) constituted the largest supplier of air conditioning machines without refrigeration unit to Ghana, comprising 13% of total imports. The second position in the ranking was held by Israel ($X), with a 6.5% share of total imports. It was followed by Italy, with a 6.4% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China amounted to +33.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Israel (+33.5% per year) and Italy (-4.0% per year).

Import Prices by Country

In 2022, the average import price for air conditioning machines without refrigeration unit amounted to $X per unit, falling by -11.9% against the previous year. Over the period under review, import price indicated buoyant growth from 2012 to 2022: its price increased at an average annual rate of +5.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for air conditioning machines without refrigeration unit increased by +60.6% against 2018 indices. The pace of growth appeared the most rapid in 2019 when the average import price increased by 53%. Over the period under review, average import prices reached the maximum at $X per unit in 2021, and then declined in the following year.

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 Italy ($X per unit), while the price for Thailand ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+21.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform