Angola: Motor Boat Market 2022

Motor Boat Market Size in Angola

In 2021, after three years of growth, there was significant decline in the Angolan motor boat market, when its value decreased by -X% to $X. Over the period under review, consumption showed perceptible growth. Over the period under review, the market hit record highs at $X in 2020, and then contracted in the following year.

Motor Boat Production in Angola

In value terms, motor boat production declined to $X in 2021 estimated in export price. In general, production continues to indicate buoyant growth. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Motor boat production peaked at $X in 2020, and then fell in the following year.

Motor Boat Exports

Exports from Angola

In 2021, approx. X units of motor boats and motor yachts, for pleasure or sports were exported from Angola; declining by -X% compared with 2020 figures. Over the period under review, exports, however, recorded significant growth. The most prominent rate of growth was recorded in 2020 with an increase of X%. The exports peaked at X units in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

In value terms, motor boat exports reduced sharply to $X in 2021. Overall, exports, however, enjoyed a significant increase. The pace of growth appeared the most rapid in 2020 when exports increased by X% against the previous year. The exports peaked at $X in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

Exports by Country

Portugal (X units) was the main destination for motor boat exports from Angola, with a X% share of total exports. Moreover, motor boat exports to Portugal exceeded the volume sent to the second major destination, Italy (X units), threefold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Portugal totaled +X%.

In value terms, Portugal ($X) remains the key foreign market for motor boat exports from Angola, comprising X% of total exports. The second position in the ranking was taken by Italy ($X), with a X% share of total exports.

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

Export Prices by Country

The average motor boat export price stood at $X per unit in 2021, declining by -X% against the previous year. Over the period under review, the export price, however, showed a modest expansion. The most prominent rate of growth was recorded in 2014 when the average export price increased by X% against the previous year. Over the period under review, the average export prices hit record highs at $X per unit in 2016; however, from 2017 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was Portugal ($X per unit), while the average price for exports to Italy totaled $X per unit.

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

Motor Boat Imports

Imports into Angola

In 2021, motor boat imports into Angola shrank notably to X units, with a decrease of -X% against the previous year. Over the period under review, imports saw a abrupt descent. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. Over the period under review, imports attained the peak figure at X units in 2015; however, from 2016 to 2021, imports remained at a lower figure.

In value terms, motor boat imports shrank remarkably to $X in 2021. In general, imports recorded a deep downturn. The pace of growth appeared the most rapid in 2017 when imports increased by X%. Over the period under review, imports hit record highs at $X in 2013; however, from 2014 to 2021, imports remained at a lower figure.

Imports by Country

Canada (X units), Spain (X units) and the United States (X units) were the main suppliers of motor boat imports to Angola, together accounting for X% of total imports. Moreover, motor boat imports in Canada exceeded the figures recorded by the second-largest supplier, Spain, twofold.

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

In value terms, Spain ($X) constituted the largest supplier of motor boat to Angola, comprising X% of total imports. The second position in the ranking was taken by France ($X), with an X% share of total imports. It was followed by Italy, with a X% share.

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

Import Prices by Country

In 2021, the average motor boat import price amounted to $X per unit, approximately reflecting the previous year. In general, the import price, however, saw a mild decrease. The pace of growth was the most pronounced in 2020 an increase of X% against the previous year. The import price peaked at $X per unit in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Spain (+X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Market Intelligence Platform

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