Tanzania: Air Conditioning Machine Market 2024

Air Conditioning Machine Market Size in Tanzania

The Tanzanian air conditioning machine market declined markedly to $X in 2022, waning by -30.3% 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). Over the period under review, consumption showed a abrupt descent. Over the period under review, the market hit record highs at $X in 2015; however, from 2016 to 2022, consumption stood at a somewhat lower figure.

Air Conditioning Machine Exports

Exports from Tanzania

In 2022, shipments abroad of non-window or wall air conditioning machines decreased by -14.3% to X units, falling for the second year in a row after two years of growth. In general, exports saw a noticeable descent. The most prominent rate of growth was recorded in 2013 when exports increased by 44% against the previous year. The exports peaked at X units in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

In value terms, air conditioning machine exports soared to $X in 2022. Overall, exports continue to indicate a abrupt curtailment. The most prominent rate of growth was recorded in 2020 when exports increased by 289% against the previous year. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Rwanda (X units), Kenya (X units) and Belgium (X units) were the main destinations of air conditioning machine exports from Tanzania, with a combined 58% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Belgium (with a CAGR of +14.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Rwanda ($X) emerged as the key foreign market for non-window or wall air conditioning machines exports from Tanzania, comprising 48% of total exports. The second position in the ranking was taken by Uganda ($X), with a 17% share of total exports. It was followed by Kenya, with a 17% share.

From 2012 to 2022, the average annual growth rate of value to Rwanda totaled -5.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Uganda (+21.4% per year) and Kenya (+85.3% per year).

Export Prices by Country

The average air conditioning machine export price stood at $X per unit in 2022, picking up by 58% against the previous year. Over the period under review, the export price, however, showed a noticeable descent. The growth pace was the most rapid in 2020 when the average export price increased by 268% against the previous year. Over the period under review, the average export prices hit record highs at $X per unit in 2014; however, from 2015 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 Uganda ($X per unit), while the average price for exports to Belgium ($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 Kenya (+72.8%), while the prices for the other major destinations experienced more modest paces of growth.

Air Conditioning Machine Imports

Imports into Tanzania

In 2022, the amount of non-window or wall air conditioning machines imported into Tanzania contracted dramatically to X units, which is down by -15.9% on 2021. Over the period under review, imports saw a deep contraction. The most prominent rate of growth was recorded in 2020 with an increase of 125% against the previous year. Over the period under review, imports reached the maximum at X units in 2015; however, from 2016 to 2022, imports remained at a lower figure.

In value terms, air conditioning machine imports shrank sharply to $X in 2022. Overall, imports saw a abrupt shrinkage. The growth pace was the most rapid in 2014 with an increase of 29%. As a result, imports attained the peak of $X. From 2015 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, China (X units) constituted the largest air conditioning machine supplier to Tanzania, with a 59% share of total imports. Moreover, air conditioning machine imports from China exceeded the figures recorded by the second-largest supplier, Hong Kong SAR (X units), threefold. Germany (X units) ranked third in terms of total imports with a 4.8% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at +18.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Hong Kong SAR (+57.0% per year) and Germany (+25.1% per year).

In value terms, China ($X) constituted the largest supplier of non-window or wall air conditioning machines to Tanzania, comprising 45% of total imports. The second position in the ranking was taken by Thailand ($X), with a 13% share of total imports. It was followed by Germany, with a 9.8% share.

From 2012 to 2022, the average annual growth rate of value from China totaled +12.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (-23.2% per year) and Germany (+13.7% per year).

Import Prices by Country

In 2022, the average air conditioning machine import price amounted to $X per unit, declining by -33.6% against the previous year. In general, the import price showed a deep downturn. The pace of growth was the most pronounced in 2019 an increase of 86% against the previous year. As a result, import price attained the peak level of $X per unit. From 2020 to 2022, the average import prices remained at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+6.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform