Angola: Lock And Key Market 2024

Lock And Key Market Size in Angola

In 2023, after two years of growth, there was significant decline in the Angolan lock and key market, when its value decreased by X% to $X. Overall, consumption continues to indicate a noticeable reduction. Lock and key consumption peaked at $X in 2012; however, from 2013 to 2023, consumption failed to regain momentum.

Lock And Key Exports

Exports from Angola

In 2023, after two years of growth, there was significant decline in overseas shipments of padlocks, locks and keys of base metal, when their volume decreased by X% to X tons. Over the period under review, exports, however, posted prominent growth. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2016; however, from 2017 to 2023, the exports stood at a somewhat lower figure.

In value terms, lock and key exports declined slightly to $X in 2023. In general, exports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 with an increase of X%. Over the period under review, the exports attained the maximum at $X in 2017; however, from 2018 to 2023, the exports remained at a lower figure.

Exports by Country

Namibia (X tons), Zambia (X tons) and the United Arab Emirates (X kg) were the main destinations of lock and key exports from Angola.

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Namibia (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Namibia ($X) remains the key foreign market for padlocks, locks and keys of base metal exports from Angola, comprising X% of total exports. The second position in the ranking was held by the United Arab Emirates ($X), with a X% share of total exports. It was followed by Zambia, with a X% share.

From 2012 to 2023, the average annual growth rate of value to Namibia stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (X% per year) and Zambia (X% per year).

Export Prices by Country

In 2023, the average lock and key export price amounted to $X per ton, increasing by X% against the previous year. Overall, the export price, however, recorded a pronounced setback. The growth pace was the most rapid in 2017 when the average export price increased by X%. As a result, the export price reached the peak level of $X per ton. From 2018 to 2023, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2023, amid the top suppliers, the country with the highest price was Portugal ($X per ton), while the average price for exports to Zambia ($X per ton) was amongst the lowest.

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

Lock And Key Imports

Imports into Angola

In 2023, lock and key imports into Angola contracted significantly to X tons, falling by X% compared with the year before. In general, imports continue to indicate a pronounced decrease. The most prominent rate of growth was recorded in 2022 with an increase of X% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2023, imports failed to regain momentum.

In value terms, lock and key imports dropped rapidly to $X in 2023. Overall, imports saw a mild decline. The most prominent rate of growth was recorded in 2022 when imports increased by X%. As a result, imports attained the peak of $X, and then shrank notably in the following year.

Imports by Country

In 2023, China (X tons) constituted the largest lock and key supplier to Angola, with a X% share of total imports. Moreover, lock and key imports from China exceeded the figures recorded by the second-largest supplier, Portugal (X tons), fivefold. The third position in this ranking was held by South Africa (X tons), with a X% share.

From 2012 to 2023, the average annual growth rate of volume from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Portugal (X% per year) and South Africa (X% per year).

In value terms, China ($X) constituted the largest supplier of padlocks, locks and keys of base metal to Angola, comprising X% of total imports. The second position in the ranking was taken by Portugal ($X), with a X% share of total imports. It was followed by South Africa, with a X% share.

From 2012 to 2023, 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 South Africa (X% per year).

Import Prices by Country

The average lock and key import price stood at $X per ton in 2023, with a decrease of X% against the previous year. In general, import price indicated tangible growth from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, lock and key import price increased by X% against 2018 indices. The pace of growth appeared the most rapid in 2021 when the average import price increased by X%. The import price peaked at $X per ton in 2022, and then contracted slightly in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Portugal ($X per ton), while the price for China ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform