In September, Africa achieved a strong market performance with 81.8% year-on-year growth. South Africa, Nigeria, and Algeria were the top three export destination countries of made-in-China air conditioners in September. The second half of 2016 has seen increasing market demand in Southern Africa.
Impacted by sluggish market conditions in Brazil and Argentina, Latin America suffered a shrinking market in September. Argentina has been encountering major economic problems for a long time and has a high inflation rate. Brazil is enforcing economic reform to fight against corruption in the government. However, impacted by debt and deflation, the Brazilian economy will need time in order to recover. Therefore, the prospects of air conditioner market in Latin America remain bleak in the near future.