Angola: Radiator Market 2022

Radiator Market Size in Angola

The Angolan radiator market was finally on the rise to reach $X in 2021, after two years of decline. Over the period under review, the total consumption indicated a temperate expansion from 2012 to 2021: its value increased at an average annual rate of +X% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -X% against 2016 indices. As a result, consumption reached the peak level of $X. From 2017 to 2021, the growth of the market failed to regain momentum.

Radiator Production in Angola

In value terms, radiator production expanded notably to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +X% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2014 when the production volume increased by X%. Radiator production peaked at $X in 2016; however, from 2017 to 2021, production stood at a somewhat lower figure.

Radiator Exports

Exports from Angola

In 2021, approx. less than X kg of radiators for central heating (not electrically heated) were exported from Angola; remaining constant against 2020 figures. In general, exports posted a significant expansion. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. As a result, the exports reached the peak of X tons. From 2016 to 2021, the growth of the exports failed to regain momentum.

In value terms, radiator exports amounted to less than $X in 2021. Over the period under review, exports continue to indicate a deep downturn. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. As a result, the exports attained the peak of $X. From 2016 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Portugal (X kg) was the main destination for radiator exports from Angola, with a X% share of total exports. Moreover, radiator exports to Portugal exceeded the volume sent to the second major destination, Sierra Leone (X kg), threefold.

From 2012 to 2017, the average annual rate of growth in terms of volume to Portugal was relatively modest.

In value terms, the largest markets for radiator exported from Angola were Portugal ($X) and Sierra Leone ($X the main countries of destination, Portugal, with a CAGR of X%, recorded the highest growth rate of the value of exports, over the period under review.

Export Prices by Country

In 2017, the average radiator export price amounted to $X per ton, waning by -X% against the previous year. Overall, the export price recorded a significant decrease. The pace of growth appeared the most rapid in 2016 an increase of X%. The export price peaked at $X per ton in 2014; however, from 2015 to 2017, the export prices remained at a lower figure.

Prices varied noticeably by the country of destination: the country with the highest price was Sierra Leone ($X per ton), while the average price for exports to Portugal stood at $X per ton.

From 2012 to 2017, the most notable rate of growth in terms of prices was recorded for supplies to Portugal (X%).

Radiator Imports

Imports into Angola

In 2021, overseas purchases of radiators for central heating (not electrically heated) were finally on the rise to reach X tons after two years of decline. Over the period under review, imports, however, showed a perceptible downturn. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. As a result, imports reached the peak of X tons. From 2019 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, radiator imports skyrocketed to $X in 2021. Overall, imports, however, saw a abrupt setback. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. 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

In 2021, the Netherlands (X tons) constituted the largest radiator supplier to Angola, with a X% share of total imports. Moreover, radiator imports from the Netherlands exceeded the figures recorded by the second-largest supplier, Portugal (X tons), fivefold. The third position in this ranking was held by Spain (X tons), with a X% share.

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

In value terms, the Netherlands ($X), Portugal ($X) and Spain ($X) constituted the largest radiator suppliers to Angola, together accounting for X% of total imports.

Among the main suppliers, the Netherlands, with a CAGR of +X%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average radiator import price amounted to $X per ton, with a decrease of -X% against the previous year. Overall, the import price saw a perceptible setback. The most prominent rate of growth was recorded in 2016 an increase of X%. As a result, import price reached the peak level of $X per ton. From 2017 to 2021, the average import prices remained at a lower figure.

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

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

Source: IndexBox Market Intelligence Platform

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