Angola - Base Metal Furniture Locks - Market Analysis, Forecast, Size, Trends And Insights
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View PricingMetal Furniture Lock Price in Angola - 2022
Contents:
- Metal Furniture Lock Price in Angola (CIF) - 2022
- Metal Furniture Lock Price in Angola (FOB) - 2022
- Metal Furniture Lock Imports in Angola
- Metal Furniture Lock Exports in Angola
Metal Furniture Lock Price in Angola (CIF) - 2022
The average metal furniture lock import price stood at $6,775 per ton in 2022, shrinking by -6.6% against the previous year. Overall, the import price, however, continues to indicate a strong increase. The growth pace was the most rapid in 2014 when the average import price increased by 96%. As a result, import price attained the peak level of $9,193 per ton. From 2015 to 2022, the average import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Belgium ($11,335 per ton), while the price for the United Arab Emirates ($1,510 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+10.7%), while the prices for the other major suppliers experienced mixed trend patterns.
Metal Furniture Lock Price in Angola (FOB) - 2022
In 2022, the average metal furniture lock export price amounted to $3,333 per ton, with a decrease of -5.9% against the previous year. In general, the export price continues to indicate a abrupt shrinkage. The most prominent rate of growth was recorded in 2016 when the average export price increased by 85% against the previous year. The export price peaked at $16,338 per ton in 2017; however, from 2018 to 2022, the export prices remained at a lower figure.
As there is only one major export destination, the average price level is determined by prices for Democratic Republic of the Congo.
From 2012 to 2022, the rate of growth in terms of prices for Democratic Republic of the Congo amounted to -9.4% per year.
Metal Furniture Lock Imports in Angola
In 2022, approx. 103 tons of base metal furniture locks were imported into Angola; growing by 54% against the previous year's figure. Overall, imports continue to indicate a strong increase. The most prominent rate of growth was recorded in 2020 with an increase of 84%. As a result, imports attained the peak of 141 tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
In value terms, metal furniture lock imports surged to $700K in 2022. In general, imports enjoyed a resilient increase. The most prominent rate of growth was recorded in 2020 when imports increased by 75%. As a result, imports attained the peak of $915K. From 2021 to 2022, the growth of imports failed to regain momentum.
| Import of Metal Furniture Lock in Angola (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 368 | 791 | 396 | 505 | 11.1% |
| Portugal | 107 | 65.9 | 55.5 | 57.5 | -18.7% |
| Belgium | 2.1 | 10.6 | 10.5 | 31.6 | 146.9% |
| United Arab Emirates | 2.1 | 0.8 | 3.5 | 5.2 | 35.3% |
| Others | 42.8 | 46.9 | 20.7 | 101 | 33.1% |
| Total | 522 | 915 | 486 | 700 | 10.3% |
Top Suppliers of Metal Furniture Lock to Angola in 2022:
- China (84.4 tons)
- Portugal (6.7 tons)
- United Arab Emirates (3.4 tons)
- Belgium (2.8 tons)
Metal Furniture Lock Exports in Angola
In 2022, overseas shipments of base metal furniture locks decreased by -12.1% to 102 kg, falling for the second consecutive year after two years of growth. Overall, total exports indicated a remarkable increase from 2019 to 2022: its volume increased at an average annual rate of +10.3% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -22.7% against 2020 indices. The most prominent rate of growth was recorded in 2020 with an increase of 74%. As a result, the exports reached the peak of 132 kg. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
In value terms, metal furniture lock exports declined significantly to $340 in 2022. Over the period under review, exports showed a abrupt descent. The most prominent rate of growth was recorded in 2021 when exports increased by 53%.
| Export of Metal Furniture Lock in Angola (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Democratic Republic of the Congo | 129 | 217 | 142 | 340 | 38.1% |
| Uganda | 427 | N/A | N/A | N/A | 0% |
| Namibia | N/A | N/A | 132 | N/A | 0% |
| South Africa | N/A | 51.0 | N/A | N/A | 0% |
| Sao Tome and Principe | N/A | N/A | 137 | N/A | 0% |
| Others | 14.0 | N/A | N/A | N/A | 0% |
| Total | 570 | 268 | 411 | 340 | -15.8% |
Top Export Markets for Metal Furniture Lock from Angola in 2022:
- Democratic Republic of the Congo (102.0 kg)
This report provides an in-depth analysis of the metal furniture lock market in Angola. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 25721170 - Base metal furniture locks
Country coverage:
- Angola
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Angola
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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