Angola: Memories Market 2024

Memories Market Size in Angola

In 2023, the Angolan memories market decreased by X% to $X for the first time since 2020, thus ending a two-year rising trend. Over the period under review, consumption continues to indicate a relatively flat trend pattern. Memories consumption peaked at $X in 2019; however, from 2020 to 2023, consumption remained at a lower figure.

Memories Exports

Exports from Angola

In 2023, the amount of multichip integrated circuits: memories exported from Angola shrank dramatically to X units, waning by X% compared with 2022 figures. Overall, exports, however, showed notable growth. The most prominent rate of growth was recorded in 2022 with an increase of X%. Over the period under review, the exports reached the peak figure at X units in 2019; however, from 2020 to 2023, the exports stood at a somewhat lower figure.

In value terms, memories exports dropped markedly to $X in 2023. Over the period under review, exports, however, posted a noticeable increase. The pace of growth was the most pronounced in 2022 with an increase of X% against the previous year. The exports peaked at $X in 2016; however, from 2017 to 2023, the exports failed to regain momentum.

Exports by Country

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

From 2012 to 2023, the average annual rate of growth in terms of volume to China totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (X% per year) and South Africa (X% per year).

In value terms, China ($X) remains the key foreign market for multichip integrated circuits: memories exports from Angola, comprising X% of total exports. The second position in the ranking was taken by the Netherlands ($X), with a X% share of total exports.

From 2012 to 2023, the average annual growth rate of value to China totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (X% per year) and South Africa (X% per year).

Export Prices by Country

In 2023, the average memories export price amounted to $X per unit, remaining relatively unchanged against the previous year. Over the period under review, the export price, however, recorded a slight expansion. The pace of growth was the most pronounced in 2015 when the average export price increased by X% against the previous year. The export price peaked at $X per unit in 2017; however, from 2018 to 2023, the export prices failed to regain momentum.

Average prices varied noticeably for the major overseas markets. In 2023, amid the top suppliers, the country with the highest price was South Africa ($X per unit), while the average price for exports to China ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Hong Kong SAR (X%), while the prices for the other major destinations experienced more modest paces of growth.

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Memories Imports

Imports into Angola

In 2023, after two years of growth, there was significant decline in purchases abroad of multichip integrated circuits: memories, when their volume decreased by X% to X units. In general, imports recorded a slight slump. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. Imports peaked at X units in 2019; however, from 2020 to 2023, imports stood at a somewhat lower figure.

In value terms, memories imports dropped notably to $X in 2023. Over the period under review, imports, however, recorded mild growth. The pace of growth was the most pronounced in 2022 when imports increased by X% against the previous year. Over the period under review, imports attained the maximum at $X in 2014; however, from 2015 to 2023, imports failed to regain momentum.

Imports by Country

Portugal (X units), the UK (X units) and the Czech Republic (X units) were the main suppliers of memories imports to Angola, together accounting for X% of total imports.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the Czech Republic (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the UK ($X) constituted the largest supplier of multichip integrated circuits: memories to Angola, comprising X% of total imports. The second position in the ranking was held by the Czech Republic ($X), with a X% share of total imports. It was followed by Portugal, with a X% share.

From 2012 to 2023, the average annual growth rate of value from the UK totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: the Czech Republic (X% per year) and Portugal (X% per year).

Import Prices by Country

In 2023, the average memories import price amounted to $X per unit, which is down by X% against the previous year. In general, the import price, however, recorded a notable increase. The most prominent rate of growth was recorded in 2014 when the average import price increased by X%. As a result, import price reached the peak level of $X per unit. From 2015 to 2023, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was France ($X per unit), while the price for Portugal ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by France (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform