Angola: Refrigerator And Freezer Market 2024

Refrigerator And Freezer Market Size in Angola

The Angolan refrigerator and freezer market was estimated at $X in 2022, rising by X% against the previous year. Overall, the total consumption indicated tangible growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by X% against 2020 indices. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Refrigerator And Freezer Production in Angola

In value terms, refrigerator and freezer production shrank modestly to $X in 2022 estimated in export price. Overall, production saw a significant expansion. The pace of growth was the most pronounced in 2015 with an increase of X%. Over the period under review, production reached the maximum level at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Refrigerator And Freezer Exports

Exports from Angola

In 2022, overseas shipments of refrigerators and freezers decreased by X% to X units, falling for the sixth year in a row after two years of growth. Over the period under review, exports continue to indicate a dramatic setback. The most prominent rate of growth was recorded in 2016 when exports increased by X% against the previous year. As a result, the exports attained the peak of X units. From 2017 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, refrigerator and freezer exports dropped significantly to $X in 2022. In general, exports saw a deep setback. The most prominent rate of growth was recorded in 2016 with an increase of X%. As a result, the exports attained the peak of $X. From 2017 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Cuba (X units) was the main destination for refrigerator and freezer exports from Angola, accounting for a X% share of total exports. Moreover, refrigerator and freezer exports to Cuba exceeded the volume sent to the second major destination, Democratic Republic of the Congo (X units), fourfold. Zambia (X units) ranked third in terms of total exports with a X% share.

From 2015 to 2022, the average annual growth rate of volume to Cuba stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Democratic Republic of the Congo (X% per year) and Zambia (X% per year).

In value terms, Cuba ($X) remains the key foreign market for refrigerators and freezers exports from Angola, comprising X% of total exports. The second position in the ranking was held by Democratic Republic of the Congo ($X), with a X% share of total exports. It was followed by Zambia, with an X% share.

From 2015 to 2022, the average annual growth rate of value to Cuba totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Democratic Republic of the Congo (X% per year) and Zambia (X% per year).

Export Prices by Country

In 2022, the average refrigerator and freezer export price amounted to $X per unit, surging by X% against the previous year. Over the period from 2015 to 2022, it increased at an average annual rate of X%. The growth pace was the most rapid in 2017 when the average export price increased by X% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per unit in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.

Average prices varied somewhat for the major overseas markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Zambia ($X per unit) and Portugal ($X per unit), while the average price for exports to Guinea ($X per unit) and Congo ($X per unit) were amongst the lowest.

From 2015 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Zambia (X%), while the prices for the other major destinations experienced more modest paces of growth.

Refrigerator And Freezer Imports

Imports into Angola

In 2022, purchases abroad of refrigerators and freezers increased by X% to X units, rising for the second year in a row after two years of decline. In general, imports, however, continue to indicate a abrupt decline. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. Over the period under review, imports attained the peak figure at X units in 2014; however, from 2015 to 2022, imports remained at a lower figure.

In value terms, refrigerator and freezer imports soared to $X in 2022. Overall, imports, however, saw a abrupt curtailment. The pace of growth appeared the most rapid in 2017 when imports increased by X%. Imports peaked at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X units) constituted the largest supplier of refrigerator and freezer to Angola, with a X% share of total imports. Moreover, refrigerator and freezer imports from China exceeded the figures recorded by the second-largest supplier, Portugal (X units), more than tenfold. South Africa (X units) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to X%. 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 ($X) constituted the largest supplier of refrigerators and freezers to Angola, comprising X% of total imports. The second position in the ranking was held by Portugal ($X), with a X% share of total imports. It was followed by South Africa, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China amounted to 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 refrigerator and freezer import price stood at $X per unit in 2022, picking up by X% against the previous year. In general, the import price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 an increase of X%. The import price peaked at $X per unit in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from South Africa ($X per unit) and Portugal ($X per unit), while the price for Namibia ($X per unit) and China ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Africa (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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