Price for Machines and Mechanical Appliances; Parts, of Those Having Individual Functions in Angola - 2022
Contents:
- Price for Machines and Mechanical Appliances; Parts, of Those Having Individual Functions in Angola (CIF) - 2022
- Price for Machines and Mechanical Appliances; Parts, of Those Having Individual Functions in Angola (FOB) - 2022
- Imports of Machines and Mechanical Appliances; Parts, of Those Having Individual Functions in Angola
- Exports of Machines and Mechanical Appliances; Parts, of Those Having Individual Functions in Angola
Price for Machines and Mechanical Appliances; Parts, of Those Having Individual Functions in Angola (CIF) - 2022
The average import price for machines and mechanical appliances; parts, of those having individual functionses stood at $21,546 per ton in 2022, waning by -40.1% against the previous year. Over the period under review, the import price continues to indicate a abrupt shrinkage. The most prominent rate of growth was recorded in 2017 when the average import price increased by 29%. As a result, import price attained the peak level of $54,989 per ton. From 2018 to 2022, the average import prices remained at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the UK ($111,425 per ton), while the price for China ($4,711 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+5.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Machines and Mechanical Appliances; Parts, of Those Having Individual Functions in Angola (FOB) - 2022
The average export price for machines and mechanical appliances; parts, of those having individual functionses stood at $39,357 per ton in 2022, which is down by -11.1% against the previous year. Over the period under review, the export price, however, saw a measured increase. The pace of growth appeared the most rapid in 2021 an increase of 145% against the previous year. As a result, the export price attained the peak level of $44,262 per ton, and then declined in the following year.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Norway ($39,788 per ton), while the average price for exports to South Africa ($2,000 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Namibia (+27.3%), while the prices for the other major destinations experienced a decline.
Imports of Machines and Mechanical Appliances; Parts, of Those Having Individual Functions in Angola
For the fourth consecutive year, Angola recorded growth in overseas purchases of machines and mechanical appliances; parts, of those having individual functionses, which increased by 84% to 1.4K tons in 2022. Over the period under review, imports saw a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, imports of machines and mechanical appliances; parts, of those having individual functionses rose sharply to $29M in 2022. Overall, imports saw a buoyant increase. The pace of growth appeared the most rapid in 2021 with an increase of 72% against the previous year. Over the period under review, imports of hit record highs in 2022 and are likely to see gradual growth in the immediate term.
| Import of Machines and Mechanical Appliances; Parts, of Those Having Individual Functions in Angola (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 3.7 | 2.3 | 1.9 | 7.4 | 26.0% |
| Norway | 2.2 | 4.5 | 12.7 | 3.7 | 18.9% |
| China | 0.3 | 0.6 | 0.4 | 3.1 | 117.8% |
| United Kingdom | 1.8 | 1.4 | 3.0 | 2.7 | 14.5% |
| Singapore | 1.6 | 1.3 | 2.2 | 2.2 | 11.2% |
| Indonesia | N/A | N/A | 0.7 | 2.0 | 185.7% |
| Malaysia | N/A | 0.1 | N/A | 1.8 | 324.3% |
| Portugal | 1.3 | 1.1 | 0.7 | 1.2 | -2.6% |
| South Africa | 0.6 | 1.0 | 0.7 | 0.4 | -12.6% |
| United Arab Emirates | 0.2 | 0.2 | 0.2 | 0.4 | 26.0% |
| Namibia | N/A | N/A | N/A | 0.3 | 0% |
| Netherlands | 0.8 | 0.4 | 0.7 | 0.2 | -37.0% |
| India | 0.4 | 0.1 | 0.6 | 0.2 | -20.6% |
| Others | 4.6 | 2.5 | 2.6 | 3.7 | -7.0% |
| Total | 17.4 | 15.5 | 26.5 | 29.3 | 19.0% |
Top Suppliers of Machines and Mechanical Appliances; Parts, of Those Having Individual Functions to Angola in 2022:
- China (661.4 tons)
- United States (128.3 tons)
- Indonesia (115.4 tons)
- Portugal (98.1 tons)
- Norway (74.2 tons)
- South Africa (51.9 tons)
- United Arab Emirates (35.0 tons)
- Singapore (30.4 tons)
- United Kingdom (24.3 tons)
- Namibia (23.5 tons)
- Malaysia (22.4 tons)
- India (15.7 tons)
- Netherlands (4.4 tons)
Exports of Machines and Mechanical Appliances; Parts, of Those Having Individual Functions in Angola
In 2022, approx. 105 tons of machines and mechanical appliances; parts, of those having individual functionses were exported from Angola; picking up by 84% on 2021. Over the period under review, exports enjoyed significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, exports of machines and mechanical appliances; parts, of those having individual functionses surged to $4.1M in 2022. In general, exports posted a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 114%. The exports peaked in 2022 and are likely to see steady growth in years to come.
| Export of Machines and Mechanical Appliances; Parts, of Those Having Individual Functions in Angola (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Norway | 33.7 | 160 | 2,057 | 3,965 | 390.0% |
| Denmark | 136 | N/A | 1.6 | 15.7 | -51.3% |
| Netherlands | 203 | 0.2 | 3.7 | 12.0 | -61.0% |
| Congo | 182 | 962 | 104 | N/A | -24.4% |
| Senegal | N/A | 4.0 | N/A | N/A | 0% |
| India | 1,259 | N/A | 0.5 | N/A | -98.0% |
| Others | 211 | 48.4 | 349 | 133 | -14.3% |
| Total | 2,024 | 1,174 | 2,517 | 4,126 | 26.8% |
Top Export Markets for Machines and Mechanical Appliances; Parts, of Those Having Individual Functions from Angola in 2022:
- Norway (99.7 tons)
- Denmark (0.2 tons)
- Netherlands (0.2 tons)
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