Angola: Market for Machine Tools For Working Metal Without Removing Metal 2024

Market Size for Machine Tools For Working Metal Without Removing Metal in Angola

The Angolan machine tool for metal market amounted to $X in 2022, picking up by X% against the previous year. In general, consumption showed a strong increase. Machine tool for metal consumption peaked at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Production of Machine Tools For Working Metal Without Removing Metal in Angola

In value terms, machine tool for metal production amounted to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a prominent expansion. The growth pace was the most rapid in 2015 when the production volume increased by X%. Over the period under review, production attained the peak level at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Exports of Machine Tools For Working Metal Without Removing Metal

Exports from Angola

Machine tool for metal exports from Angola soared to X units in 2022, increasing by X% against 2021. Over the period under review, exports showed buoyant growth. The growth pace was the most rapid in 2018 with an increase of X% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in the near future.

In value terms, machine tool for metal exports skyrocketed to $X in 2022. Overall, exports saw a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

France (X units) was the main destination for machine tool for metal exports from Angola, accounting for a X% share of total exports. Moreover, machine tool for metal exports to France exceeded the volume sent to the second major destination, South Africa (X units), fivefold.

From 2012 to 2022, the average annual rate of growth in terms of volume to France was relatively modest.

In value terms, France ($X) emerged as the key foreign market for machine tools for working metal without removing metal exports from Angola, comprising X% of total exports. The second position in the ranking was held by South Africa ($X), with less than X% share of total exports.

From 2012 to 2022, the average annual growth rate of value to France was relatively modest.

Export Prices by Country

In 2022, the average machine tool for metal export price amounted to $X per unit, surging by X% against the previous year. Overall, the export price posted a buoyant increase. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

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 France ($X per unit), while the average price for exports to South Africa stood at $X per unit.

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

Imports of Machine Tools For Working Metal Without Removing Metal

Imports into Angola

In 2022, supplies from abroad of machine tools for working metal without removing metal increased by X% to X units for the first time since 2018, thus ending a three-year declining trend. Over the period under review, imports, however, continue to indicate a abrupt descent. The pace of growth appeared the most rapid in 2018 when imports increased by X%. Over the period under review, imports attained the peak figure at X units in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, machine tool for metal imports declined to $X in 2022. Overall, imports, however, showed a dramatic setback. The growth pace was the most rapid in 2018 with an increase of X% against the previous year. As a result, imports reached the peak of $X. From 2019 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, China (X units) constituted the largest machine tool for metal supplier to Angola, with a X% share of total imports. Moreover, machine tool for metal imports from China exceeded the figures recorded by the second-largest supplier, India (X units), twofold. The third position in this ranking was held by South Africa (X units), with a X% share.

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

In value terms, India ($X) constituted the largest supplier of machine tools for working metal without removing metal to Angola, comprising X% of total imports. The second position in the ranking was held by China ($X), with a X% share of total imports. It was followed by Lebanon, with an X% share.

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

Import Prices by Country

In 2022, the average machine tool for metal import price amounted to $X per unit, dropping by X% against the previous year. In general, the import price saw a abrupt decrease. The most prominent rate of growth was recorded in 2014 when the average import price increased by X%. The import price peaked at $X per unit in 2019; however, from 2020 to 2022, import prices stood at a somewhat lower figure.

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 Portugal ($X per unit), while the price for the United States ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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