Angola: Pressure-Reducing Iron Valve Market 2023

Pressure-Reducing Iron Valve Market Size in Angola

The Angolan pressure-reducing iron valve market soared to $X in 2022, picking up by 106% 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). Overall, consumption, however, continues to indicate a drastic downturn. Pressure-reducing iron valve consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Pressure-Reducing Iron Valve Exports

Exports from Angola

In 2022, approx. X units of pressure-reducing, control, check and safety valves were exported from Angola; with a decrease of -67.4% compared with the previous year. Overall, exports, however, continue to indicate a significant increase. The most prominent rate of growth was recorded in 2021 when exports increased by 1,015%. As a result, the exports reached the peak of X units, and then reduced rapidly in the following year.

In value terms, pressure-reducing iron valve exports reduced rapidly to $X in 2022. Over the period under review, exports, however, saw a significant expansion. The growth pace was the most rapid in 2019 when exports increased by 143%. As a result, the exports reached the peak of $X. From 2020 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Portugal (X units) was the main destination for pressure-reducing iron valve exports from Angola, accounting for a 28% share of total exports. Moreover, pressure-reducing iron valve exports to Portugal exceeded the volume sent to the second major destination, the UK (X units), tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Portugal amounted to +57.9%.

In value terms, the UK ($X) emerged as the key foreign market for pressure-reducing, control, check and safety valves exports from Angola, comprising 79% of total exports. The second position in the ranking was held by Portugal ($X), with an 11% share of total exports.

From 2012 to 2022, the average annual growth rate of value to the UK stood at +23.3%.

Export Prices by Country

In 2022, the average pressure-reducing iron valve export price amounted to $X per unit, picking up by 138% against the previous year. Over the period under review, the export price, however, saw a perceptible slump. The export price peaked at $X per unit in 2017; however, from 2018 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the UK ($X per unit), while the average price for exports to Portugal totaled $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Namibia (+2,242.4%), while the prices for the other major destinations experienced more modest paces of growth.

Pressure-Reducing Iron Valve Imports

Imports into Angola

In 2022, the amount of pressure-reducing, control, check and safety valves imported into Angola surged to X units, with an increase of 111% on 2021. In general, imports, however, recorded a abrupt descent. The growth pace was the most rapid in 2020 with an increase of 306%. Over the period under review, imports reached the maximum at X units in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, pressure-reducing iron valve imports skyrocketed to $X in 2022. Over the period under review, imports, however, saw a drastic downturn. The pace of growth appeared the most rapid in 2014 when imports increased by 157% against the previous year. As a result, imports attained the peak of $X. From 2015 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, China (X units) constituted the largest supplier of pressure-reducing iron valve to Angola, with a 52% share of total imports. Moreover, pressure-reducing iron valve imports from China exceeded the figures recorded by the second-largest supplier, the United States (X units), sixfold. The third position in this ranking was taken by Portugal (X units), with a 6.9% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-5.8% per year) and Portugal (-14.3% per year).

In value terms, the largest pressure-reducing iron valve suppliers to Angola were the United States ($X), China ($X) and South Korea ($X), with a combined 39% share of total imports. The UK, Portugal, Denmark and Turkey lagged somewhat behind, together comprising a further 21%.

Turkey, with a CAGR of +54.8%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average pressure-reducing iron valve import price stood at $X per unit in 2022, falling by -8.8% against the previous year. Overall, the import price recorded a pronounced descent. The pace of growth was the most pronounced in 2014 an increase of 53%. As a result, import price attained the peak level of $X per unit. From 2015 to 2022, the average import prices failed to regain momentum.

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 Denmark ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+2.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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