Nigeria: Market for Window or Wall Air Conditioning Systems, Self-Contained or Split-Systems 2024

Market Size for Window or Wall Air Conditioning Systems, Self-Contained or Split-Systems in Nigeria

The Nigerien market for window or wall air conditioning systems, self-contained or split-systems expanded markedly to $X in 2022, surging by 11% 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, showed a measured expansion. Consumption of peaked at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Exports of Window or Wall Air Conditioning Systems, Self-Contained or Split-Systems

Exports from Nigeria

In 2022, the amount of window or wall air conditioning systems, self-contained or split-systems exported from Nigeria skyrocketed to X units, rising by 246% compared with the previous year. Over the period under review, exports, however, showed a deep contraction. The growth pace was the most rapid in 2015 with an increase of 413% against the previous year. As a result, the exports attained the peak of X units. From 2016 to 2022, the growth of the exports of failed to regain momentum.

In value terms, exports of window or wall air conditioning systems, self-contained or split-systems soared to $X in 2022. Overall, exports, however, faced a deep contraction. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Ghana (X units), Benin (X units) and South Korea (X units) were the main destinations of exports of window or wall air conditioning systems, self-contained or split-systems from Nigeria, with a combined 77% share of total exports. Sudan, Uganda, South Africa, Mali, Cote d'Ivoire, China and Niger lagged somewhat behind, together accounting for a further 20%.

From 2012 to 2022, the biggest increases were recorded for Sudan (with a CAGR of +28.2%), while shipments for the other leaders experienced a decline.

In value terms, Benin ($X), South Korea ($X) and Sudan ($X) were the largest markets for window, wall, or split air conditioning system exported from Nigeria worldwide, with a combined 66% share of total exports.

In terms of the main countries of destination, Sudan, with a CAGR of +28.0%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

The average export price for window or wall air conditioning systems, self-contained or split-systems stood at $X per unit in 2022, with a decrease of -2.7% against the previous year. In general, the export price recorded a slight reduction. The pace of growth was the most pronounced in 2016 when the average export price increased by 159%. Over the period under review, the average export prices reached the maximum at $X per unit in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was China ($X per unit), while the average price for exports to Uganda ($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 Gambia (+107.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Window or Wall Air Conditioning Systems, Self-Contained or Split-Systems

Imports into Nigeria

In 2022, purchases abroad of window or wall air conditioning systems, self-contained or split-systems decreased by -5.3% to X units, falling for the second consecutive year after four years of growth. Over the period under review, imports, however, saw a measured expansion. The growth pace was the most rapid in 2019 with an increase of 133%. Over the period under review, imports of attained the peak figure at X units in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

In value terms, imports of window or wall air conditioning systems, self-contained or split-systems expanded markedly to $X in 2022. Overall, imports, however, showed a prominent increase. The growth pace was the most rapid in 2019 with an increase of 107%. Over the period under review, imports of reached the maximum at $X in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

Imports by Country

China (X units), Brazil (X units) and Malaysia (X units) were the main suppliers of imports of window or wall air conditioning systems, self-contained or split-systems to Nigeria, with a combined 90% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Malaysia (with a CAGR of +50.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest window, wall, or split air conditioning system suppliers to Nigeria were China ($X), Brazil ($X) and India ($X), with a combined 91% share of total imports. Malaysia and Thailand lagged somewhat behind, together comprising a further 3.8%.

In terms of the main suppliers, Malaysia, with a CAGR of +51.9%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average import price for window or wall air conditioning systems, self-contained or split-systems amounted to $X per unit, with an increase of 19% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.8%. Over the period under review, average import prices hit record highs at $X per unit in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+4.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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