Angola: Vapour Power Unit Market 2023

Vapour Power Unit Market Size in Angola

In 2021, the Angolan vapour power unit market decreased by -52.5% to $X for the first time since 2015, thus ending a five-year rising trend. Overall, consumption, however, enjoyed significant growth. Over the period under review, the market attained the maximum level at $X in 2020, and then reduced remarkably in the following year.

Vapour Power Unit Exports

Exports from Angola

After two years of growth, overseas shipments of condensers for steam or other vapour power units decreased by -32.6% to X kg in 2021. Overall, exports, however, continue to indicate a significant increase. The growth pace was the most rapid in 2015 with an increase of 9,680%. As a result, the exports reached the peak of X kg. From 2016 to 2021, the growth of the exports failed to regain momentum.

In value terms, vapour power unit exports contracted markedly to $X in 2021. In general, exports, however, continue to indicate a significant increase. The pace of growth appeared the most rapid in 2015 with an increase of 19,073%. As a result, the exports attained the peak of $X. From 2016 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Belgium (X kg) was the main destination for vapour power unit exports from Angola, accounting for a approx. 100% share of total exports.

From 2014 to 2021, the average annual rate of growth in terms of volume to Belgium stood at +132.0%.

In value terms, Belgium ($X) emerged as the key foreign market for vapour power unit exports from Angola.

From 2014 to 2021, the average annual growth rate of value to Belgium totaled +56.1%.

Export Prices by Country

The average vapour power unit export price stood at $X per ton in 2021, reducing by -6.9% against the previous year. In general, the export price, however, saw a significant expansion. The pace of growth was the most pronounced in 2016 an increase of 96% against the previous year. Over the period under review, the average export prices reached the maximum at $X per ton in 2018; however, from 2019 to 2021, 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 Belgium.

From 2014 to 2021, the rate of growth in terms of prices for South Africa amounted to -17.1% per year.

Vapour Power Unit Imports

Imports into Angola

In 2021, overseas purchases of condensers for steam or other vapour power units decreased by -39.7% to X tons for the first time since 2017, thus ending a three-year rising trend. Over the period under review, imports, however, recorded a significant increase. The most prominent rate of growth was recorded in 2018 with an increase of 363% against the previous year. Over the period under review, imports reached the maximum at X tons in 2020, and then fell significantly in the following year.

In value terms, vapour power unit imports dropped markedly to $X in 2021. In general, imports, however, showed a significant increase. The most prominent rate of growth was recorded in 2018 with an increase of 482% against the previous year. Over the period under review, imports attained the maximum at $X in 2020, and then fell notably in the following year.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of vapour power unit to Angola, accounting for a 51% share of total imports. Moreover, vapour power unit imports from China exceeded the figures recorded by the second-largest supplier, Portugal (X tons), threefold. The United Arab Emirates (X tons) ranked third in terms of total imports with a 13% share.

From 2012 to 2021, the average annual growth rate of volume from China totaled +50.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Portugal (+25.1% per year) and the United Arab Emirates (+89.5% per year).

In value terms, the United States ($X) constituted the largest supplier of vapour power unit to Angola, comprising 49% of total imports. The second position in the ranking was taken by China ($X), with a 14% share of total imports. It was followed by Portugal, with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of value from the United States stood at +68.1%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+63.6% per year) and Portugal (+37.5% per year).

Import Prices by Country

In 2021, the average vapour power unit import price amounted to $X per ton, declining by -27.5% against the previous year. In general, the import price, however, posted a resilient increase. The most prominent rate of growth was recorded in 2020 when the average import price increased by 65%. As a result, import price reached the peak level of $X per ton, and then contracted markedly in the following year.

Prices varied noticeably country of origin: the country with the highest price was the United States ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+20.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

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