Angola: Market for Turbo, Rotary and Reciporating Displacement Compressors 2024

Market Size for Turbo, Rotary and Reciporating Displacement Compressors in Angola

The Angolan market for turbo, rotary and reciporating displacement compressors soared to $X in 2022, rising by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption, however, showed a noticeable reduction. Consumption of peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Exports of Turbo, Rotary and Reciporating Displacement Compressors

Exports from Angola

In 2022, exports of turbo, rotary and reciporating displacement compressors from Angola contracted dramatically to X units, waning by X% on the previous year. In general, exports showed a noticeable setback. The pace of growth appeared the most rapid in 2021 when exports increased by X% against the previous year. As a result, the exports attained the peak of X units, and then reduced remarkably in the following year.

In value terms, exports of turbo, rotary and reciporating displacement compressors skyrocketed to $X in 2022. Overall, exports showed a deep downturn. The exports peaked at $X in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

Exports by Country

The UK (X units), Mexico (X units) and Sweden (X units) were the main destinations of exports of turbo, rotary and reciporating displacement compressors from Angola, together comprising X% of total exports.

From 2015 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Sweden (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the UK ($X) emerged as the key foreign market for turbo, rotary and reciporating displacement compressors exports from Angola, comprising X% of total exports. The second position in the ranking was held by Congo ($X), with a X% share of total exports. It was followed by Mexico, with a X% share.

From 2015 to 2022, the average annual growth rate of value to the UK stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Congo (X% per year) and Mexico (X% per year).

Export Prices by Country

In 2022, the average export price for turbo, rotary and reciporating displacement compressors amounted to $X per unit, increasing by X% against the previous year. Over the period under review, the export price, however, recorded a deep reduction. The export price peaked at $X per unit in 2016; however, from 2017 to 2022, the export prices remained at a 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 UK ($X per unit), while the average price for exports to Sweden ($X 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 Namibia (X%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Turbo, Rotary and Reciporating Displacement Compressors

Imports into Angola

Imports of turbo, rotary and reciporating displacement compressors into Angola soared to X units in 2022, picking up by X% against 2021. Over the period under review, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Over the period under review, imports of reached the maximum in 2022 and are expected to retain growth in years to come.

In value terms, imports of turbo, rotary and reciporating displacement compressors soared to $X in 2022. In general, imports, however, continue to indicate a pronounced decline. The growth pace was the most rapid in 2021 with an increase of X%. Imports peaked at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Portugal (X units) constituted the largest supplier of turbo, rotary and reciporating displacement compressor to Angola, accounting for a X% share of total imports. Moreover, imports of turbo, rotary and reciporating displacement compressors from Portugal exceeded the figures recorded by the second-largest supplier, China (X units), fivefold. South Africa (X units) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual growth rate of volume from Portugal stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and South Africa (X% per year).

In value terms, the largest turbo, rotary and reciporating displacement compressor suppliers to Angola were Portugal ($X), China ($X) and Belgium ($X), together comprising X% of total imports.

China, with a CAGR of X%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

In 2022, the average import price for turbo, rotary and reciporating displacement compressors amounted to $X per unit, increasing by X% against the previous year. Over the period under review, the import price, however, continues to indicate a deep slump. The most prominent rate of growth was recorded in 2014 an increase of X% against the previous year. As a result, import price attained the peak level of $X per unit. 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 ($X per unit), while the price for Portugal ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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