Western Africa: Market for Air Conditioning Machines For Motor Vehicles 2024

Market Size for Air Conditioning Machines For Motor Vehicles in Western Africa

The West African market for air conditioning machines for motor vehicles reached $X in 2022, remaining stable against the previous year. In general, consumption, however, posted a buoyant increase. Over the period under review, the market hit record highs at $X in 2020; afterwards, it flattened through to 2022.

Production of Air Conditioning Machines For Motor Vehicles in Western Africa

In value terms, motor vehicle air conditioning machine production stood at $X in 2022 estimated in export price. In general, production, however, recorded a resilient expansion. The most prominent rate of growth was recorded in 2016 with an increase of 40%. Over the period under review, production hit record highs at $X in 2020; afterwards, it flattened through to 2022.

Exports of Air Conditioning Machines For Motor Vehicles

Exports in Western Africa

In 2022, overseas shipments of air conditioning machines for motor vehicles decreased by -8.1% to X units for the first time since 2013, thus ending a eight-year rising trend. Overall, exports, however, enjoyed significant growth. The most prominent rate of growth was recorded in 2015 when exports increased by 217%. Over the period under review, the exports reached the maximum at X units in 2021, and then shrank in the following year.

In value terms, motor vehicle air conditioning machine exports reduced to $X in 2022. Over the period under review, exports, however, recorded a significant expansion. The pace of growth was the most pronounced in 2014 when exports increased by 89%. The level of export peaked at $X in 2021, and then fell in the following year.

Exports by Country

Cote d'Ivoire (X units) represented roughly 98% of total exports in 2022.

Cote d'Ivoire was also the fastest-growing in terms of the air conditioning machines for motor vehicles exports, with a CAGR of +42.4% from 2012 to 2022. While the share of Cote d'Ivoire (+47 p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Cote d'Ivoire ($X) also remains the largest motor vehicle air conditioning machine supplier in Western Africa.

In Cote d'Ivoire, motor vehicle air conditioning machine exports expanded at an average annual rate of +26.2% over the period from 2012-2022.

Export Prices by Country

The export price in Western Africa stood at $X per unit in 2022, remaining relatively unchanged against the previous year. Overall, the export price recorded a deep reduction. The pace of growth was the most pronounced in 2013 an increase of 17%. As a result, the export price attained the peak level of $X per unit. From 2014 to 2022, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for Cote d'Ivoire.

From 2012 to 2022, the rate of growth in terms of prices for Cote d'Ivoire amounted to -11.4% per year.

Imports of Air Conditioning Machines For Motor Vehicles

Imports in Western Africa

Motor vehicle air conditioning machine imports soared to X units in 2022, jumping by 17% compared with the previous year. In general, imports recorded a mild expansion. The pace of growth appeared the most rapid in 2019 when imports increased by 268%. The volume of import peaked at X units in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

In value terms, motor vehicle air conditioning machine imports expanded slightly to $X in 2022. Overall, imports, however, showed a perceptible contraction. The pace of growth was the most pronounced in 2019 when imports increased by 132% against the previous year. The level of import peaked at $X in 2015; however, from 2016 to 2022, imports remained at a lower figure.

Imports by Country

Nigeria dominates imports structure, resulting at X units, which was approx. 69% of total imports in 2022. It was distantly followed by Ghana (X units) and Guinea (X units), together mixing up a 13% share of total imports. Cote d'Ivoire (X units), Senegal (X units), Burkina Faso (X units) and Mauritania (X units) took a minor share of total imports.

Imports into Nigeria increased at an average annual rate of +3.4% from 2012 to 2022. At the same time, Guinea (+25.0%), Mauritania (+17.4%) and Burkina Faso (+10.8%) displayed positive paces of growth. Moreover, Guinea emerged as the fastest-growing importer imported in Western Africa, with a CAGR of +25.0% from 2012-2022. Senegal experienced a relatively flat trend pattern. By contrast, Ghana (-7.8%) and Cote d'Ivoire (-12.2%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Nigeria, Guinea, Mauritania and Burkina Faso increased by +14, +4.5, +2.6 and +2.1 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Nigeria ($X), Burkina Faso ($X) and Ghana ($X) constituted the countries with the highest levels of imports in 2022, together comprising 55% of total imports. Senegal, Cote d'Ivoire, Guinea and Mauritania lagged somewhat behind, together comprising a further 28%.

Guinea, with a CAGR of +18.3%, recorded the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in Western Africa amounted to $X per unit, falling by -13.4% against the previous year. In general, the import price showed a pronounced setback. The pace of growth was the most pronounced in 2014 an increase of 77%. Over the period under review, import prices reached the maximum at $X per unit in 2016; however, from 2017 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Burkina Faso ($X per unit), while Nigeria ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ghana (+1.1%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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