Angola: Market for Vacuum Pumps and Air or Gas Compressors 2024

Market Size for Vacuum Pumps and Air or Gas Compressors in Angola

The Angolan market for vacuum pumps and air or gas compressors shrank slightly to $X in 2022, flattening at 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). Over the period under review, consumption, however, saw a abrupt curtailment. Consumption of peaked at $X in 2013; however, from 2014 to 2022, consumption failed to regain momentum.

Exports of Vacuum Pumps and Air or Gas Compressors

Exports from Angola

In 2022, the amount of vacuum pumps and air or gas compressors exported from Angola reduced to X units, with a decrease of -9.4% compared with 2021. Over the period under review, exports recorded a abrupt decline. The pace of growth was the most pronounced in 2014 when exports increased by 414% against the previous year. Over the period under review, the exports of hit record highs at X units in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, exports of vacuum pumps and air or gas compressors fell rapidly to $X in 2022. In general, exports, however, continue to indicate a resilient increase. The most prominent rate of growth was recorded in 2015 when exports increased by 480%. As a result, the exports attained the peak of $X. From 2016 to 2022, the growth of the exports of remained at a lower figure.

Exports by Country

Mozambique (X units), the United Arab Emirates (X units) and Belgium (X units) were the main destinations of exports of vacuum pumps and air or gas compressors from Angola, with a combined 56% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Belgium (with a CAGR of +73.3%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for vacuum pump and air or gas compressor exported from Angola were South Africa ($X), the United States ($X) and the Netherlands ($X), together comprising 41% of total exports. The United Arab Emirates, Belgium, Ghana, Italy, France, India, Mozambique and Democratic Republic of the Congo lagged somewhat behind, together comprising a further 21%.

Belgium, with a CAGR of +116.2%, recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average export price for vacuum pumps and air or gas compressors amounted to $X per unit, with a decrease of -9.5% against the previous year. Over the period under review, the export price, however, enjoyed significant growth. The most prominent rate of growth was recorded in 2013 when the average export price increased by 2,733%. The export price peaked at $X per unit in 2015; however, from 2016 to 2022, the export prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to India (+85.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Vacuum Pumps and Air or Gas Compressors

Imports into Angola

In 2022, supplies from abroad of vacuum pumps and air or gas compressors increased by 3% to X units, rising for the second consecutive year after eight years of decline. Overall, imports, however, continue to indicate a abrupt downturn. The growth pace was the most rapid in 2021 with an increase of 26%. Over the period under review, imports of attained the peak figure at X units in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, imports of vacuum pumps and air or gas compressors reduced to $X in 2022. Over the period under review, imports, however, showed a abrupt setback. The most prominent rate of growth was recorded in 2019 when imports increased by 56% against the previous year. Imports peaked at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X units) constituted the largest vacuum pump and air or gas compressor supplier to Angola, accounting for a 69% share of total imports. Moreover, imports of vacuum pumps and air or gas compressors from China exceeded the figures recorded by the second-largest supplier, Portugal (X units), more than tenfold. The third position in this ranking was held by South Africa (X units), with a 5% share.

From 2012 to 2022, the average annual growth rate of volume from China amounted to -14.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Portugal (-11.7% per year) and South Africa (-10.2% per year).

In value terms, the United States ($X), China ($X) and Portugal ($X) constituted the largest vacuum pump and air or gas compressor suppliers to Angola, with a combined 56% share of total imports. The UK, South Africa, the Netherlands, Italy and Namibia lagged somewhat behind, together accounting for a further 17%.

In terms of the main suppliers, the Netherlands, with a CAGR of +3.5%, 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 a decline.

Import Prices by Country

In 2022, the average import price for vacuum pumps and air or gas compressors amounted to $X per unit, with a decrease of -11.2% against the previous year. Over the period under review, the import price, however, recorded a resilient expansion. The pace of growth was the most pronounced in 2019 an increase of 90%. Over the period under review, average import prices reached the peak figure at $X per unit in 2020; however, from 2021 to 2022, import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+15.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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