Angola: Market for Parts Of Apparatus Of Hs 2024

Market Size for Parts Of Apparatus Of Hs in Angola

The Angolan market for parts of apparatus of hs surged to $X in 2021, growing by 47% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption, however, recorded a abrupt slump. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Exports of Parts Of Apparatus Of Hs

Exports from Angola

In 2021, exports of parts of apparatus of hs from Angola skyrocketed to X units, jumping by 102% compared with 2020 figures. In general, exports, however, recorded a pronounced decline. The most prominent rate of growth was recorded in 2016 when exports increased by 629% against the previous year. As a result, the exports attained the peak of X units. From 2017 to 2021, the growth of the exports failed to regain momentum.

In value terms, parts of apparatus of hs exports skyrocketed to $X in 2021. Overall, exports, however, recorded a slight descent. The pace of growth was the most pronounced in 2016 when exports increased by 229% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

Exports by Country

Democratic Republic of the Congo (X units), Sweden (X units) and Sao Tome and Principe (X units) were the main destinations of parts of apparatus of hs exports from Angola, with a combined 84% share of total exports.

From 2012 to 2021, the biggest increases were recorded for Democratic Republic of the Congo (with a CAGR of +210.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for parts of apparatus of hs exported from Angola were Democratic Republic of the Congo ($X), Portugal ($X) and Sweden ($X), with a combined 89% share of total exports.

In terms of the main countries of destination, Democratic Republic of the Congo, with a CAGR of +102.7%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average export price for parts of apparatus of hs stood at $X per unit in 2021, falling by -23.6% against the previous year. In general, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 an increase of 179% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per unit in 2013; however, from 2014 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was Portugal ($X per unit), while the average price for exports to Rwanda ($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 Portugal (+15.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Parts Of Apparatus Of Hs

Imports into Angola

In 2021, imports of parts of apparatus of hs into Angola surged to X units, increasing by 68% compared with 2020. Overall, imports, however, recorded a abrupt curtailment. Over the period under review, imports hit record highs at X units in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, parts of apparatus of hs imports skyrocketed to $X in 2021. In general, imports, however, showed a drastic downturn. Over the period under review, imports reached the peak figure at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, China (X units) was the main supplier of parts of apparatus of hs to Angola, with a 90% share of total imports. Moreover, parts of apparatus of hs imports from China exceeded the figures recorded by the second-largest supplier, Portugal (X units), more than tenfold. The United Arab Emirates (X units) ranked third in terms of total imports with a 0.4% share.

From 2012 to 2021, the average annual growth rate of volume from China stood at -3.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Portugal (-5.8% per year) and the United Arab Emirates (-28.5% per year).

In value terms, the largest parts of apparatus of hs suppliers to Angola were China ($X), Portugal ($X) and the United Arab Emirates ($X), together comprising 75% of total imports.

Portugal, with a CAGR of -6.8%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

In 2021, the average import price for parts of apparatus of hs amounted to $X per unit, waning by -23.6% against the previous year. Over the period under review, the import price showed a deep reduction. The growth pace was the most rapid in 2016 when the average import price increased by 64%. As a result, import price attained the peak level of $X per unit. From 2017 to 2021, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Portugal ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+9.1%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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