Angola: Industrial Bakery Machinery Market 2022

Industrial Bakery Machinery Market Size in Angola

The Angolan industrial bakery machinery market declined to $X in 2021, waning 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). Over the period under review, consumption, however, saw a resilient increase. As a result, consumption attained the peak level of $X. From 2019 to 2021, the growth of the market remained at a somewhat lower figure.

Industrial Bakery Machinery Exports

Exports from Angola

In 2021, industrial bakery machinery exports from Angola soared to X units, jumping by X% against the previous year. In general, exports showed a significant expansion. Over the period under review, the exports hit record highs at X units in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

In value terms, industrial bakery machinery exports shrank notably to $X in 2021. Over the period under review, exports enjoyed a significant expansion. The pace of growth appeared the most rapid in 2018 when exports increased by X%. The exports peaked at $X in 2020, and then fell markedly in the following year.

Exports by Country

Sao Tome and Principe (X units) was the main destination for industrial bakery machinery exports from Angola, with a X% share of total exports. Moreover, industrial bakery machinery exports to Sao Tome and Principe exceeded the volume sent to the second major destination, Namibia (X units), ninefold.

From 2012 to 2021, the average annual growth rate of volume to Sao Tome and Principe stood at +X%.

In value terms, Sao Tome and Principe ($X) remains the key foreign market for industrial bakery machinery exports from Angola, comprising X% of total exports. The second position in the ranking was occupied by Namibia ($X), with a X% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Sao Tome and Principe stood at +X%.

Export Prices by Country

In 2021, the average industrial bakery machinery export price amounted to $X per unit, declining by -X% against the previous year. Overall, the export price showed a mild downturn. The pace of growth appeared the most rapid in 2020 when the average export price increased by X% against the previous year. As a result, the export price reached the peak level of $X per unit, and then shrank remarkably in the following year.

There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was Sao Tome and Principe ($X per unit), while the average price for exports to Namibia amounted to $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Sao Tome and Principe (+X%).

Industrial Bakery Machinery Imports

Imports into Angola

In 2021, approx. X units of industrial bakery machinery were imported into Angola; reducing by -X% on the previous year's figure. Overall, imports, however, continue to indicate a perceptible increase. The most prominent rate of growth was recorded in 2018 with an increase of X%. Imports peaked at X units in 2014; however, from 2015 to 2021, imports failed to regain momentum.

In value terms, industrial bakery machinery imports dropped to $X in 2021. Over the period under review, imports, however, enjoyed a resilient expansion. The growth pace was the most rapid in 2018 when imports increased by X% against the previous year. As a result, imports reached the peak of $X. From 2019 to 2021, the growth imports failed to regain momentum.

Imports by Country

Switzerland (X units), Italy (X units) and China (X units) were the main suppliers of industrial bakery machinery imports to Angola, with a combined X% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Switzerland (with a CAGR of +X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X) constituted the largest supplier of industrial bakery machinery to Angola, comprising X% of total imports. The second position in the ranking was occupied by Switzerland ($X), with a X% share of total imports. It was followed by India, with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Italy totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Switzerland (+X% per year) and India (+X% per year).

Import Prices by Country

In 2021, the average industrial bakery machinery import price amounted to $X per unit, waning by -X% against the previous year. Overall, the import price, however, enjoyed a moderate increase. The pace of growth was the most pronounced in 2018 an increase of X%. As a result, import price attained the peak level of $X per unit. From 2019 to 2021, the average import prices remained at a lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was India ($X per unit), while the price for South Africa ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform