Angola: Measuring Instrument Market 2024

Measuring Instrument Market Size in Angola

In 2022, the Angolan measuring instrument market increased by X% to $X, rising for the second consecutive year after two years of decline. Overall, consumption continues to indicate a slight setback. Over the period under review, the market hit record highs at $X in 2015; however, from 2016 to 2022, consumption failed to regain momentum.

Measuring Instrument Exports

Exports from Angola

In 2022, after two years of growth, there was significant decline in shipments abroad of instruments and apparatus for measuring or checking the flow or level of liquids, when their volume decreased by X% to X units. Overall, exports, however, enjoyed prominent growth. The growth pace was the most rapid in 2021 when exports increased by X%. As a result, the exports reached the peak of X units, and then fell rapidly in the following year.

In value terms, measuring instrument exports shrank significantly to $X in 2022. In general, exports recorded a dramatic slump. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. As a result, the exports attained the peak of $X, and then contracted markedly in the following year.

Exports by Country

Mauritania (X units) was the main destination for measuring instrument exports from Angola, with a X% share of total exports. Moreover, measuring instrument exports to Mauritania exceeded the volume sent to the second major destination, the UK (X units), threefold. The third position in this ranking was taken by Congo (X units), with a X% share.

From 2015 to 2022, the average annual growth rate of volume to Mauritania was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (X% per year) and Congo (X% per year).

In value terms, the UK ($X) remains the key foreign market for instruments and apparatus for measuring or checking the flow or level of liquids exports from Angola, comprising X% of total exports. The second position in the ranking was taken by Norway ($X), with a X% share of total exports. It was followed by Congo, with a X% share.

From 2015 to 2022, the average annual rate of growth in terms of value to the UK totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Norway (X% per year) and Congo (X% per year).

Export Prices by Country

The average measuring instrument export price stood at $X per unit in 2022, which is down by X% against the previous year. Over the period under review, the export price saw a significant decline. The pace of growth appeared the most rapid in 2019 when the average export price increased by X%. Over the period under review, the average export prices reached the peak figure at $X per unit in 2015; however, from 2016 to 2022, the export prices failed to regain momentum.

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

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

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Measuring Instrument Imports

Imports into Angola

In 2022, the amount of instruments and apparatus for measuring or checking the flow or level of liquids imported into Angola reduced to X units, with a decrease of X% compared with the previous year. Overall, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. As a result, imports reached the peak of X units. From 2015 to 2022, the growth of imports failed to regain momentum.

In value terms, measuring instrument imports contracted modestly to $X in 2022. In general, imports saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 when imports increased by X% against the previous year. As a result, imports reached the peak of $X. From 2015 to 2022, the growth of imports failed to regain momentum.

Imports by Country

Portugal (X units), China (X units) and Romania (X units) were the main suppliers of measuring instrument imports to Angola, together accounting for X% of total imports. Malaysia, the United States, South Africa, Norway, the UK and the Netherlands lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the biggest increases were recorded for Malaysia (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Norway ($X), the UK ($X) and Malaysia ($X) appeared to be the largest measuring instrument suppliers to Angola, with a combined X% share of total imports.

In terms of the main suppliers, Malaysia, 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

The average measuring instrument import price stood at $X per unit in 2022, surging by X% against the previous year. Over the period under review, the import price, however, recorded a slight setback. The most prominent rate of growth was recorded in 2016 when the average import price increased by X%. Over the period under review, average import prices hit record highs at $X per unit in 2017; however, from 2018 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Norway ($X per unit), while the price for China ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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