Kenya: Air Conditioning Machine Market 2024

Air Conditioning Machine Market Size in Kenya

In 2021, the Kenyan air conditioning machine market was finally on the rise to reach $X for the first time since 2018, thus ending a two-year declining trend. The market value increased at an average annual rate of +2.9% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption reached the peak level of $X. From 2019 to 2021, the growth of the market failed to regain momentum.

Air Conditioning Machine Exports

Exports from Kenya

Air conditioning machine exports from Kenya contracted markedly to X units in 2021, with a decrease of -26.3% compared with the previous year's figure. Overall, exports faced a deep downturn. The pace of growth appeared the most rapid in 2013 when exports increased by 226%. As a result, the exports reached the peak of X units. From 2014 to 2021, the growth of the exports remained at a lower figure.

In value terms, air conditioning machine exports contracted markedly to $X in 2021. Over the period under review, exports showed a deep downturn. The pace of growth was the most pronounced in 2013 with an increase of 266% against the previous year. As a result, the exports reached the peak of $X. From 2014 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Rwanda (X units) was the main destination for air conditioning machine exports from Kenya, with a 45% share of total exports. Moreover, air conditioning machine exports to Rwanda exceeded the volume sent to the second major destination, Tanzania (X units), twofold. The third position in this ranking was taken by Burundi (X units), with a 19% share.

From 2012 to 2021, the average annual growth rate of volume to Rwanda was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Tanzania (-13.6% per year) and Burundi (-12.1% per year).

In value terms, Rwanda ($X) remains the key foreign market for air conditioning machine exports from Kenya, comprising 51% of total exports. The second position in the ranking was taken by Burundi ($X), with a 22% share of total exports. It was followed by Ethiopia, with a 7.2% share.

From 2012 to 2021, the average annual growth rate of value to Rwanda stood at +4.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Burundi (-8.7% per year) and Ethiopia (-1.3% per year).

Export Prices by Country

The average air conditioning machine export price stood at $X per unit in 2021, picking up by 7.7% against the previous year. Over the period under review, the export price saw strong growth. The pace of growth appeared the most rapid in 2019 when the average export price increased by 75%. As a result, the export price attained the peak level of $X per unit. From 2020 to 2021, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was Ethiopia ($X per unit), while the average price for exports to Democratic Republic of the Congo ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Zimbabwe (+115.9%), while the prices for the other major destinations experienced more modest paces of growth.

Air Conditioning Machine Imports

Imports into Kenya

After two years of decline, supplies from abroad of air conditioning machines increased by 38% to X units in 2021. Overall, total imports indicated a perceptible increase from 2012 to 2021: its volume increased at an average annual rate of +4.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, imports attained the peak figure at X units in 2018; however, from 2019 to 2021, imports remained at a lower figure.

In value terms, air conditioning machine imports surged to $X in 2021. The total import value increased at an average annual rate of +2.0% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2013 with an increase of 24%. Imports peaked at $X in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, China (X units) constituted the largest air conditioning machine supplier to Kenya, accounting for a 61% share of total imports. Moreover, air conditioning machine imports from China exceeded the figures recorded by the second-largest supplier, India (X units), fivefold. The United Arab Emirates (X units) ranked third in terms of total imports with a 10% share.

From 2012 to 2021, the average annual growth rate of volume from China stood at +13.7%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+53.3% per year) and the United Arab Emirates (+2.4% per year).

In value terms, China ($X) constituted the largest supplier of air conditioning machine to Kenya, comprising 52% of total imports. The second position in the ranking was taken by India ($X), with an 11% share of total imports. It was followed by South Korea, with an 11% share.

From 2012 to 2021, the average annual growth rate of value from China amounted to +9.4%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+38.3% per year) and South Korea (+4.6% per year).

Import Prices by Country

The average air conditioning machine import price stood at $X per unit in 2021, waning by -16.5% against the previous year. Over the period under review, the import price continues to indicate a noticeable shrinkage. The pace of growth appeared the most rapid in 2019 when the average import price increased by 21%. Over the period under review, average import prices hit record highs at $X per unit in 2013; however, from 2014 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, 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 2021, the most notable rate of growth in terms of prices was attained by South Korea (+6.8%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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