The air conditioner market bottomed out in Egypt in 2014. It has slightly increased as seen in 2015 with 1.3% year-on-year growth, for a total of 550,000 units. Localized production also increased.
Over 95% of the market was dominated by split type RACs in 2015. Units with capacity in the range of 12,000 BTU/h (3.5 kW) account for about half of these split types.
Egypt is regarded as a steppingstone to the African market thanks to its strategic location close to markets in Africa, the Middle East, and southern Europe as well as its convenient logistics routes. Owing to Egypt’s strategic location, a certain percentage of air conditioners are assumed to be re-exported to neighboring countries.