Angola: Spark Plug Market 2022

Spark Plug Market Size in Angola

In 2021, the Angolan spark plug market increased by X% to $X for the first time since 2017, thus ending a three-year declining trend. In general, consumption, however, continues to indicate a noticeable contraction. Over the period under review, the market reached the peak level at $X in 2017; however, from 2018 to 2021, consumption stood at a somewhat lower figure.

Spark Plug Exports

Exports from Angola

In 2021, spark plug exports from Angola fell rapidly to X units, shrinking by -X% against the year before. Over the period under review, exports, however, showed buoyant growth. The growth pace was the most rapid in 2015 with an increase of X%. As a result, the exports attained the peak of X units. From 2016 to 2021, the growth of the exports failed to regain momentum.

In value terms, spark plug exports reduced sharply to $X in 2021. In general, exports, however, showed a noticeable increase. The most prominent rate of growth was recorded in 2015 with an increase of X%. As a result, the exports reached the peak of $X. From 2016 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

South Africa (X units) was the main destination for spark plug exports from Angola, with a X% share of total exports. Moreover, spark plug exports to South Africa exceeded the volume sent to the second major destination, Portugal (X units), more than tenfold. The third position in this ranking was occupied by Sao Tome and Principe (X units), with a X% share.

From 2012 to 2021, the average annual growth rate of volume to South Africa totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Portugal (-X% per year) and Sao Tome and Principe (-X% per year).

In value terms, South Africa ($X) remains the key foreign market for spark plug exports from Angola, comprising X% of total exports. The second position in the ranking was occupied by Canada ($X), with an X% share of total exports. It was followed by Sao Tome and Principe, with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of value to South Africa totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Canada (-X% per year) and Sao Tome and Principe (-X% per year).

Export Prices by Country

In 2021, the average spark plug export price amounted to $X per unit, with an increase of X% against the previous year. In general, the export price, however, showed a pronounced slump. The most prominent rate of growth was recorded in 2019 when the average export price increased by X%. As a result, the export price reached the peak level of $X per unit. From 2020 to 2021, the the average export prices remained at a lower figure.

Prices varied noticeably by the country of destination: the country with the highest price was Canada ($X per unit), while the average price for exports to Portugal ($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 South Africa (+X%), while the prices for the other major destinations experienced mixed trend patterns.

Spark Plug Imports

Imports into Angola

In 2021, purchases abroad of sparking plugs was finally on the rise to reach X units after three years of decline. Over the period under review, imports, however, showed a noticeable slump. The pace of growth appeared the most rapid in 2016 when imports increased by X%. Imports peaked at X units in 2017; however, from 2018 to 2021, imports failed to regain momentum.

In value terms, spark plug imports skyrocketed to $X in 2021. In general, imports, however, continue to indicate a noticeable reduction. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. Imports peaked at $X in 2017; however, from 2018 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, China (X units) constituted the largest spark plug supplier to Angola, with a X% share of total imports. Moreover, spark plug imports from China exceeded the figures recorded by the second-largest supplier, the United Arab Emirates (X units), sevenfold. The third position in this ranking was occupied by Portugal (X units), with an X% share.

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

In value terms, China ($X) constituted the largest supplier of spark plug to Angola, comprising X% of total imports. The second position in the ranking was occupied by the United Arab Emirates ($X), with a X% share of total imports. It was followed by Portugal, with a X% share.

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

Import Prices by Country

The average spark plug import price stood at $X per unit in 2021, dropping by -X% against the previous year. In general, the import price, however, showed a modest expansion. The pace of growth appeared the most rapid in 2017 an increase of X%. The import price peaked at $X per unit in 2019; however, from 2020 to 2021, 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 South Africa ($X per unit), while the price for China ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform