Price for Electric Motors; AC Motors, Multi-Phase, of an Output Exceeding 75kW in Angola - 2022

Contents:

1. Price for Electric Motors; AC Motors, Multi-Phase, of an Output Exceeding 75kW in Angola (CIF) - 2022
2. Price for Electric Motors; AC Motors, Multi-Phase, of an Output Exceeding 75kW in Angola (FOB) - 2022
3. Imports of Electric Motors; AC Motors, Multi-Phase, of an Output Exceeding 75kW in Angola
4. Exports of Electric Motors; AC Motors, Multi-Phase, of an Output Exceeding 75kW in Angola

Price for Electric Motors; AC Motors, Multi-Phase, of an Output Exceeding 75kW in Angola (CIF) - 2022

In 2022, the average import price for electric motors; AC motors, multi-phase, of an output exceeding 75kWs amounted to $4,890 per unit, with a decrease of -35.4% against the previous year. Overall, the import price showed a abrupt slump. The pace of growth appeared the most rapid in 2015 an increase of 55% against the previous year. Over the period under review, average import prices reached the peak figure at $18,235 per unit in 2017; however, from 2018 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($25,752 per unit), while the price for South Africa ($1,193 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+11.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Electric Motors; AC Motors, Multi-Phase, of an Output Exceeding 75kW in Angola (FOB) - 2022

In 2022, the average export price for electric motors; AC motors, multi-phase, of an output exceeding 75kWs amounted to $3,908 per unit, jumping by 253% against the previous year. In general, the export price, however, continues to indicate a precipitous curtailment. The pace of growth appeared the most rapid in 2021 an increase of 267%. Over the period under review, the average export prices attained the maximum at $49,455 per unit in 2015; however, from 2016 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Gabon ($10,034 per unit), while the average price for exports to South Africa ($2,832 per unit) was amongst the lowest.

From 2015 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+36.4%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Electric Motors; AC Motors, Multi-Phase, of an Output Exceeding 75kW in Angola

For the fourth consecutive year, Angola recorded growth in overseas purchases of electric motors; AC motors, multi-phase, of an output exceeding 75kWs, which increased by 23% to 642 units in 2022. Overall, imports recorded a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 81% against the previous year. Over the period under review, imports of hit record highs in 2022 and are likely to continue growth in years to come.

In value terms, imports of electric motors; AC motors, multi-phase, of an output exceeding 75kWs plummeted to $3.1M in 2022. Over the period under review, total imports indicated a prominent expansion from 2019 to 2022: its value increased at an average annual rate of +13.2% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +44.9% against 2019 indices. The most prominent rate of growth was recorded in 2020 when imports increased by 39%. Imports peaked at $4M in 2021, and then contracted rapidly in the following year.

Top Suppliers of Electric Motors; AC Motors, Multi-Phase, of an Output Exceeding 75kW to Angola in 2022:

1. South Africa (272.0 units)
2. Brazil (163.0 units)
3. Portugal (47.0 units)
4. United States (44.0 units)
5. China (30.0 units)
6. Belgium (21.0 units)
7. United Arab Emirates (15.0 units)
8. United Kingdom (13.0 units)
9. Germany (6.0 units)
10. Japan (3.0 units)
11. Italy (1.0 units)

Exports of Electric Motors; AC Motors, Multi-Phase, of an Output Exceeding 75kW in Angola

In 2022, exports of electric motors; ac motors, multi-phase, of an output exceeding 75kws from Angola surged to 80 units, growing by 900% on 2021. In general, exports enjoyed a resilient expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, exports of electric motors; AC motors, multi-phase, of an output exceeding 75kWs skyrocketed to $313K in 2022. Over the period under review, exports showed a relatively flat trend pattern. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Top Export Markets for Electric Motors; AC Motors, Multi-Phase, of an Output Exceeding 75kW from Angola in 2022:

1. South Africa (68.0 units)
2. Gabon (8.0 units)
3. Namibia (4.0 units)

Source: IndexBox Market Intelligence Platform