Angola: Market for Gearboxes and Speed Changers 2024

Market Size for Gearboxes and Speed Changers in Angola

The Angolan gearboxes and speed changers market skyrocketed to $X in 2022, picking up 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). In general, consumption showed measured growth. Gearboxes and speed changers consumption peaked in 2022 and is expected to retain growth in years to come.

Exports of Gearboxes and Speed Changers

Exports from Angola

In 2022, after three years of growth, there was significant decline in overseas shipments of gearboxes and speed changers, when their volume decreased by X% to X tons. Overall, exports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2021 when exports increased by X% against the previous year. As a result, the exports reached the peak of X tons, and then dropped rapidly in the following year.

In value terms, gearboxes and speed changers exports soared to $X in 2022. In general, exports, however, posted a strong expansion. The pace of growth was the most pronounced in 2017 when exports increased by X% against the previous year. Over the period under review, the exports reached the peak figure in 2022 and are likely to continue growth in years to come.

Exports by Country

The Czech Republic (X tons) was the main destination for gearboxes and speed changers exports from Angola, accounting for a X% share of total exports. Moreover, gearboxes and speed changers exports to the Czech Republic exceeded the volume sent to the second major destination, South Africa (X tons), threefold. The United States (X tons) ranked third in terms of total exports with an X% share.

From 2015 to 2022, the average annual growth rate of volume to the Czech Republic totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Africa (X% per year) and the United States (X% per year).

In value terms, South Africa ($X), the Czech Republic ($X) and the United States ($X) appeared to be the largest markets for gearboxes and speed changers exported from Angola worldwide, with a combined X% share of total exports.

The Czech Republic, with a CAGR of X%, saw the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average gearboxes and speed changers export price stood at $X per ton in 2022, rising by X% against the previous year. Over the period under review, the export price continues to indicate a resilient expansion. The export price peaked at $X per ton in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was South Africa ($X per ton), while the average price for exports to Democratic Republic of the Congo ($X per ton) was amongst the lowest.

From 2015 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Egypt (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Gearboxes and Speed Changers

Imports into Angola

In 2022, gearboxes and speed changers imports into Angola soared to X tons, with an increase of X% against 2021 figures. Overall, imports enjoyed a prominent expansion. The most prominent rate of growth was recorded in 2014 when imports increased by X% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to see steady growth in the near future.

In value terms, gearboxes and speed changers imports surged to $X in 2022. Over the period under review, total imports indicated a mild increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in years to come.

Imports by Country

In 2022, China (X tons) constituted the largest gearboxes and speed changers supplier to Angola, accounting for a X% share of total imports. Moreover, gearboxes and speed changers imports from China exceeded the figures recorded by the second-largest supplier, South Africa (X tons), fivefold. The third position in this ranking was taken by Portugal (X tons), with a X% share.

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

In value terms, Germany ($X), the United States ($X) and South Africa ($X) appeared to be the largest gearboxes and speed changers suppliers to Angola, together accounting for X% of total imports.

In terms of the main suppliers, Germany, with a CAGR of X%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average gearboxes and speed changers import price amounted to $X per ton, which is down by X% against the previous year. In general, the import price continues to indicate a abrupt setback. The most prominent rate of growth was recorded in 2016 an increase of X%. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 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 Germany ($X per ton), while the price for China ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :