Angola: Market for Industrial Sewing Machines (Non-Automatic) 2024

Market Size for Industrial Sewing Machines (Non-Automatic) in Angola

The Angolan industrial sewing machines (non-automatic) market surged 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). In general, consumption saw strong growth. As a result, consumption attained the peak level of $X. From 2014 to 2022, the growth of the market remained at a somewhat lower figure.

Exports of Industrial Sewing Machines (Non-Automatic)

Exports from Angola

In 2022, the amount of industrial sewing machines (non-automatic) exported from Angola reduced notably to X units, with a decrease of X% compared with 2021. In general, exports, however, enjoyed a significant increase. The growth pace was the most rapid in 2018 when exports increased by X%. Over the period under review, the exports hit record highs at X units in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

In value terms, industrial sewing machines (non-automatic) exports contracted notably to $X in 2022. Over the period under review, exports, however, recorded significant growth. The pace of growth appeared the most rapid in 2017 with an increase of X%. The exports peaked at $X in 2021, and then contracted markedly in the following year.

Exports by Country

The United States (X units), Cuba (X units) and South Africa (X units) were the main destinations of industrial sewing machines (non-automatic) exports from Angola, together accounting for X% of total exports. Moreover, industrial sewing machines (non-automatic) exports in the United States exceeded the figures recorded by the second-largest exporter, Cuba, twofold.

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

In value terms, the largest markets for industrial sewing machines (non-automatic) exported from Angola were the United States ($X), Cuba ($X) and South Africa ($X), together comprising X% of total exports.

The United States, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2022, the average industrial sewing machines (non-automatic) export price amounted to $X per unit, shrinking by X% against the previous year. In general, the export price, however, continues to indicate resilient growth. The pace of growth was the most pronounced in 2017 an increase of X% against the previous year. The export price peaked at $X per unit in 2021, and then declined markedly in the following year.

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 Cuba ($X per unit), while the average price for exports to Democratic Republic of the Congo ($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 Australia (X.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Industrial Sewing Machines (Non-Automatic)

Imports into Angola

For the third year in a row, Angola recorded growth in purchases abroad of industrial sewing machines (non-automatic), which increased by X% to X units in 2022. Overall, imports posted resilient growth. The pace of growth appeared the most rapid in 2013 when imports increased by X% against the previous year. As a result, imports reached the peak of X units. From 2014 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, industrial sewing machines (non-automatic) imports surged to $X in 2022. Over the period under review, imports enjoyed prominent growth. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. Over the period under review, imports attained the maximum at $X in 2015; however, from 2016 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X units) constituted the largest supplier of industrial sewing machines (non-automatic) to Angola, with a X% share of total imports. Moreover, industrial sewing machines (non-automatic) imports from China exceeded the figures recorded by the second-largest supplier, Portugal (X units), twofold. Italy (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 China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Portugal (X% per year) and Italy (X% per year).

In value terms, China ($X) constituted the largest supplier of industrial sewing machines (non-automatic) to Angola, comprising X% of total imports. The second position in the ranking was taken by Portugal ($X), with a X% share of total imports. It was followed by Italy, with a X% share.

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

Import Prices by Country

The average industrial sewing machines (non-automatic) import price stood at $X per unit in 2022, rising by X% against the previous year. Overall, the import price, however, showed a pronounced contraction. The growth pace was the most rapid in 2015 an increase of X%. As a result, import price attained the peak level of $X per unit. From 2016 to 2022, the average 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 China ($X per unit), while the price for the Netherlands ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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