Angola: Non-Enclosed Loudspeakers Market 2024

Non-Enclosed Loudspeakers Market Size in Angola

In 2021, the Angolan non-enclosed loudspeakers market decreased by -76.2% to $X, falling for the third year in a row after two years of growth. In general, consumption saw a sharp shrinkage. Non-enclosed loudspeakers consumption peaked at $X in 2013; however, from 2014 to 2021, consumption remained at a lower figure.

Non-Enclosed Loudspeakers Exports

Exports from Angola

In 2021, shipments abroad of loudspeakers (not in enclosure) increased by 302% to X units, rising for the second consecutive year after three years of decline. Overall, exports saw a significant expansion. The pace of growth was the most pronounced in 2016 with an increase of 1,643%. As a result, the exports reached the peak of X units. From 2017 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, non-enclosed loudspeakers exports skyrocketed to $X in 2021. Over the period under review, exports showed a significant increase. The most prominent rate of growth was recorded in 2015 when exports increased by 398%. Over the period under review, the exports hit record highs at $X in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Democratic Republic of the Congo (X units) was the main destination for non-enclosed loudspeakers exports from Angola, accounting for a 39% share of total exports. Moreover, non-enclosed loudspeakers exports to Democratic Republic of the Congo exceeded the volume sent to the second major destination, Portugal (X units), threefold. The third position in this ranking was held by Brazil (X units), with an 11% share.

From 2012 to 2021, the average annual growth rate of volume to Democratic Republic of the Congo stood at +135.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Portugal (+86.3% per year) and Brazil (+160.9% per year).

In value terms, Portugal ($X) remains the key foreign market for loudspeakers (not in enclosure) exports from Angola, comprising 26% of total exports. The second position in the ranking was taken by the United Arab Emirates ($X), with a 12% share of total exports. It was followed by Democratic Republic of the Congo, with an 11% share.

From 2012 to 2021, the average annual growth rate of value to Portugal stood at +69.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (+115.9% per year) and Democratic Republic of the Congo (+60.8% per year).

Export Prices by Country

The average non-enclosed loudspeakers export price stood at $X per unit in 2021, declining by -52.6% against the previous year. In general, the export price continues to indicate a sharp slump. The pace of growth was the most pronounced in 2017 an increase of 37% against the previous year. The export price peaked at $X per unit in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was the United Arab Emirates ($X per unit), while the average price for exports to Pakistan ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to South Africa (+5.2%), while the prices for the other major destinations experienced a decline.

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Non-Enclosed Loudspeakers Imports

Imports into Angola

In 2021, supplies from abroad of loudspeakers (not in enclosure) decreased by -76.2% to X units, falling for the third consecutive year after two years of growth. In general, imports showed a dramatic downturn. The most prominent rate of growth was recorded in 2018 when imports increased by 3,196% against the previous year. Imports peaked at X units in 2013; however, from 2014 to 2021, imports remained at a lower figure.

In value terms, non-enclosed loudspeakers imports shrank significantly to $X in 2021. Overall, imports continue to indicate a sharp downturn. The most prominent rate of growth was recorded in 2017 with an increase of 48% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, China (X units) constituted the largest supplier of non-enclosed loudspeakers to Angola, with a 64% share of total imports. Moreover, non-enclosed loudspeakers imports from China exceeded the figures recorded by the second-largest supplier, Italy (X units), fivefold. The third position in this ranking was taken by the United Arab Emirates (X units), with a 7.2% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China totaled -44.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (-20.3% per year) and the United Arab Emirates (-35.2% per year).

In value terms, China ($X) constituted the largest supplier of loudspeakers (not in enclosure) to Angola, comprising 46% of total imports. The second position in the ranking was taken by Portugal ($X), with a 17% share of total imports. It was followed by the United Arab Emirates, with a 7.6% share.

From 2012 to 2021, the average annual growth rate of value from China stood at -24.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Portugal (-22.1% per year) and the United Arab Emirates (-21.3% per year).

Import Prices by Country

The average non-enclosed loudspeakers import price stood at $X per unit in 2021, surging by 80% against the previous year. Overall, the import price saw a significant expansion. The pace of growth was the most pronounced in 2015 an increase of 841% against the previous year. The import price peaked at $X per unit in 2017; however, from 2018 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+36.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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