Angola: Market for Machinery for Liquefying Air or Gases 2024

Market Size for Machinery for Liquefying Air or Gases in Angola

The Angolan air or gas liquefier market reached $X in 2023, picking up by X% against the previous year. The market value increased at an average annual rate of X% from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Air or gas liquefier consumption peaked at $X in 2021; however, from 2022 to 2023, consumption failed to regain momentum.

Production of Machinery for Liquefying Air or Gases in Angola

In value terms, air or gas liquefier production amounted to $X in 2023 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2017 when the production volume increased by X%. Over the period under review, production hit record highs at $X in 2021; however, from 2022 to 2023, production stood at a somewhat lower figure.

Exports of Machinery for Liquefying Air or Gases

Exports from Angola

In 2023, approx. less than X units of machinery for liquefying air or gases were exported from Angola; approximately equating the previous year's figure. Overall, exports posted a significant expansion. The most prominent rate of growth was recorded in 2017 when exports increased by X%. As a result, the exports attained the peak of X units. From 2018 to 2023, the growth of the exports failed to regain momentum.

In value terms, air or gas liquefier exports stood at $X in 2023. In general, exports recorded a dramatic contraction. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. As a result, the exports reached the peak of $X. From 2018 to 2023, the growth of the exports remained at a somewhat lower figure.

Exports by Country

The Netherlands (X units), Russia (X units) and the United States (X units) were the main destinations of air or gas liquefier exports from Angola, with a combined X% share of total exports. Moreover, air or gas liquefier exports in the Netherlands exceeded the figures recorded by the second-largest exporter, Russia, twofold.

From 2016 to 2017, the biggest increases were recorded for the Netherlands (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X) emerged as the key foreign market for machinery for liquefying air or gases exports from Angola, comprising X% of total exports. The second position in the ranking was taken by Russia ($X), with a X% share of total exports. It was followed by Nigeria, with a X% share.

From 2016 to 2017, the average annual rate of growth in terms of value to the Netherlands was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Russia (X% per year) and Nigeria (X% per year).

Export Prices by Country

The average air or gas liquefier export price stood at $X per unit in 2017, picking up by X% against the previous year. In general, the export price enjoyed significant growth. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Netherlands ($X per unit), while the average price for exports to the United States ($X per unit) was amongst the lowest.

From 2016 to 2017, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Machinery for Liquefying Air or Gases

Imports into Angola

Air or gas liquefier imports into Angola skyrocketed to X units in 2023, picking up by X% compared with 2022. Over the period under review, imports recorded a strong increase. The growth pace was the most rapid in 2015 with an increase of X% against the previous year. Imports peaked at X units in 2021; however, from 2022 to 2023, imports remained at a lower figure.

In value terms, air or gas liquefier imports skyrocketed to $X in 2023. In general, imports saw resilient growth. The pace of growth appeared the most rapid in 2015 with an increase of X% against the previous year. As a result, imports reached the peak of $X. From 2016 to 2023, the growth of imports failed to regain momentum.

Imports by Country

In 2023, Italy (X units) constituted the largest supplier of air or gas liquefier to Angola, with a X% share of total imports. Moreover, air or gas liquefier imports from Italy exceeded the figures recorded by the second-largest supplier, India (X units), sixfold. Norway (X units) ranked third in terms of total imports with an X% share.

From 2012 to 2023, the average annual rate of growth in terms of volume from Italy stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: India (X% per year) and Norway (X% per year).

In value terms, Norway ($X), Italy ($X) and the United States ($X) appeared to be the largest air or gas liquefier suppliers to Angola, with a combined X% share of total imports.

Norway, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average air or gas liquefier import price stood at $X per unit in 2023, surging by X% against the previous year. In general, the import price, however, continues to indicate a noticeable reduction. The growth pace was the most rapid in 2016 when the average import price increased by X% against the previous year. Over the period under review, average import prices reached the peak figure at $X per unit in 2018; however, from 2019 to 2023, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was the United States ($X per unit), while the price for Belgium ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Norway (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform