Seals; Mechanical Price in Angola - 2022

Seals; Mechanical Price in Angola (CIF) - 2022

The average seals; mechanical import price stood at $2.1 per unit in 2022, shrinking by -1.8% against the previous year. Over the period under review, the import price saw a pronounced curtailment. The most prominent rate of growth was recorded in 2021 when the average import price increased by 25%. Over the period under review, average import prices reached the maximum at $3.1 per unit in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was South Africa ($5.4 per unit), while the price for China ($0.1 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Portugal (+0.7%), while the prices for the other major suppliers experienced mixed trend patterns.

Seals; Mechanical Price in Angola (FOB) - 2022

The average seals; mechanical export price stood at $4 per unit in 2022, dropping by -10.3% against the previous year. In general, the export price, however, continues to indicate noticeable growth. The pace of growth was the most pronounced in 2017 when the average export price increased by 104% against the previous year. The export price peaked at $7.1 per unit in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the United Arab Emirates ($38 per unit), while the average price for exports to Nigeria ($0.4 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+23.4%), while the prices for the other major destinations experienced more modest paces of growth.

Seals; Mechanical Imports in Angola

Seals; mechanical imports into Angola shrank to 6.5M units in 2022, dropping by -13.1% against the previous year's figure. Overall, imports showed a abrupt curtailment. The most prominent rate of growth was recorded in 2021 when imports increased by 13%. Imports peaked at 7.8M units in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, seals; mechanical imports reduced to $13M in 2022. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by 41%. As a result, imports attained the peak of $16M, and then contracted in the following year.

Import of Seals; Mechanical in Angola (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
South Africa	5,499	3,667	6,304	4,137	-9.1%
United Kingdom	1,311	1,362	2,597	3,476	38.4%
France	1,440	1,087	1,397	1,607	3.7%
United States	567	841	707	1,199	28.4%
Germany	548	540	479	380	-11.5%
United Arab Emirates	243	116	223	189	-8.0%
Brazil	24.5	70.4	96.3	175	92.6%
Portugal	949	582	796	107	-51.7%
Malaysia	97.5	46.4	111	93.5	-1.4%
Nigeria	125	148	34.4	89.2	-10.6%
China	114	223	120	70.0	-15.0%
Others	2,433	2,419	2,836	1,880	-8.2%
Total	13,351	11,101	15,699	13,400	0.1%

Top Suppliers of Seals; Mechanical to Angola in 2022:

United Kingdom (995.0K units)
United Arab Emirates (775.1K units)
South Africa (772.3K units)
France (607.6K units)
Nigeria (508.6K units)
China (494.4K units)
United States (423.0K units)
Malaysia (374.2K units)
Brazil (338.3K units)
Portugal (126.0K units)
Germany (113.7K units)

Seals; Mechanical Exports in Angola

In 2022, seals; mechanical exports from Angola declined sharply to 89K units, dropping by -29.7% on 2021 figures. Over the period under review, exports, however, enjoyed a significant increase. The pace of growth appeared the most rapid in 2021 when exports increased by 329%. As a result, the exports attained the peak of 127K units, and then shrank significantly in the following year.

In value terms, seals; mechanical exports shrank sharply to $357K in 2022. In general, exports, however, enjoyed a resilient expansion. The growth pace was the most rapid in 2021 when exports increased by 282% against the previous year. As a result, the exports reached the peak of $566K, and then dropped notably in the following year.

Export of Seals; Mechanical in Angola (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
United States	87.0	48.4	153	116	10.1%
Germany	94.8	0.1	105	79.5	-5.7%
Italy	0.7	0.5	83.3	63.2	348.6%
United Arab Emirates	74.5	22.2	14.2	48.1	-13.6%
Belgium	4.3	3.4	2.3	4.6	2.3%
South Africa	4.3	40.0	88.1	2.9	-12.3%
Congo	6.5	1.8	1.4	2.4	-28.3%
Ghana	0.4	0.3	0.9	0.9	31.0%
Nigeria	0.8	0.4	1.0	0.7	-4.4%
Portugal	0.9	0.2	0.7	0.6	-12.6%
Others	26.9	30.9	116	38.0	12.2%
Total	301	148	566	357	5.9%