Angola: Household Hand Tools Market 2024

Household Hand Tools Market Size in Angola

The Angolan household hand tools market contracted to $X in 2022, dropping by X% against the previous year. In general, consumption, however, saw a slight curtailment. As a result, consumption attained the peak level of $X. From 2015 to 2022, the growth of the market remained at a lower figure.

Household Hand Tools Production in Angola

In value terms, household hand tools production expanded notably to $X in 2022 estimated in export price. Over the period under review, production posted a prominent expansion. The growth pace was the most rapid in 2015 with an increase of X%. Over the period under review, production attained the maximum level at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Household Hand Tools Exports

Exports from Angola

In 2022, shipments abroad of household hand tools was finally on the rise to reach X kg for the first time since 2019, thus ending a two-year declining trend. Overall, exports recorded a resilient expansion. The pace of growth was the most pronounced in 2019 with an increase of X%. Over the period under review, the exports reached the maximum at X tons in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

In value terms, household hand tools exports skyrocketed to $X in 2022. In general, exports, however, recorded a abrupt decrease. The growth pace was the most rapid in 2019 when exports increased by X%. Over the period under review, the exports hit record highs at $X in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

Exports by Country

Cuba (X kg) was the main destination for household hand tools exports from Angola, with a X% share of total exports. Moreover, household hand tools exports to Cuba exceeded the volume sent to the second major destination, South Africa (X kg), twofold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Cuba stood at X%.

In value terms, the largest markets for household hand tools exported from Angola were Cuba ($X) and South Africa ($X).

South Africa, with a CAGR of X%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review.

Export Prices by Country

In 2022, the average household hand tools export price amounted to $X per ton, reducing by X% against the previous year. Over the period under review, the export price recorded a abrupt decline. The pace of growth appeared the most rapid in 2019 an increase of X%. The export price peaked at $X per ton in 2012; however, from 2013 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 Cuba stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to South Africa (X%), while the prices for the other major destinations experienced mixed trend patterns.

Household Hand Tools Imports

Imports into Angola

For the third consecutive year, Angola recorded growth in purchases abroad of household hand tools, which increased by X% to X tons in 2022. In general, imports, however, saw a abrupt contraction. The pace of growth was the most pronounced in 2014 when imports increased by X%. As a result, imports reached the peak of X tons. From 2015 to 2022, the growth of imports remained at a lower figure.

In value terms, household hand tools imports surged to $X in 2022. Over the period under review, imports, however, faced a abrupt slump. The most prominent rate of growth was recorded in 2014 with an increase of X%. As a result, imports attained the peak of $X. From 2015 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of household hand tools to Angola, accounting for a X% share of total imports. Moreover, household hand tools imports from China exceeded the figures recorded by the second-largest supplier, Portugal (X tons), more than tenfold. The United Arab Emirates (X tons) ranked third in terms of total imports with a X% share.

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

In value terms, China ($X) constituted the largest supplier of household hand tools to Angola, comprising X% of total imports. The second position in the ranking was held by Portugal ($X), with a X% share of total imports. It was followed by the United Arab Emirates, with a X% share.

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

Import Prices by Country

The average household hand tools import price stood at $X per ton in 2022, waning by X% against the previous year. Overall, the import price recorded a abrupt shrinkage. The most prominent rate of growth was recorded in 2013 when the average import price increased by X%. Over the period under review, average import prices attained the maximum at $X per ton in 2016; however, from 2017 to 2022, import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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