Angola: Market for Turbo, Rotary and Reciporating Displacement Compressors 2024

Market Size for Turbo, Rotary and Reciporating Displacement Compressors in Angola

The Angolan market for turbo, rotary and reciporating displacement compressors reached $X in 2022, increasing by 4.2% against 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). Overall, consumption, however, showed a perceptible curtailment. As a result, consumption attained the peak level of $X. From 2014 to 2022, the growth of the market remained at a lower figure.

Exports of Turbo, Rotary and Reciporating Displacement Compressors

Exports from Angola

In 2022, overseas shipments of turbo, rotary and reciporating displacement compressors increased by 10% to X units, rising for the second consecutive year after two years of decline. In general, exports continue to indicate a significant increase. The most prominent rate of growth was recorded in 2014 when exports increased by 583%. The exports peaked at X units in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

In value terms, exports of turbo, rotary and reciporating displacement compressors shrank to $X in 2022. Overall, exports saw significant growth. The pace of growth was the most pronounced in 2014 when exports increased by 658% against the previous year. Over the period under review, the exports of reached the maximum at $X in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

Exports by Country

The United Arab Emirates (X units), Belgium (X units) and the Netherlands (X units) were the main destinations of exports of turbo, rotary and reciporating displacement compressors from Angola, with a combined 73% 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 the United Arab Emirates (with a CAGR of +95.3%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for turbo, rotary and reciporating displacement compressor exported from Angola were South Africa ($X), the United States ($X) and the Netherlands ($X), with a combined 62% share of total exports. The United Arab Emirates, Ghana, Belgium and Italy lagged somewhat behind, together comprising a further 24%.

Among the main countries of destination, the United Arab Emirates, with a CAGR of +210.0%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average export price for turbo, rotary and reciporating displacement compressors stood at $X per unit in 2022, which is down by -21% against the previous year. In general, the export price recorded a abrupt descent. The pace of growth was the most pronounced in 2015 when the average export price increased by 76%. Over the period under review, the average export prices attained the maximum at $X per unit in 2016; however, from 2017 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was South Africa ($X per unit), while the average price for exports to Belgium ($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 the United Arab Emirates (+58.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Turbo, Rotary and Reciporating Displacement Compressors

Imports into Angola

Imports of turbo, rotary and reciporating displacement compressors into Angola expanded remarkably to X units in 2022, surging by 9.8% on 2021. Over the period under review, imports showed strong growth. The most prominent rate of growth was recorded in 2013 when imports increased by 151%. As a result, imports reached the peak of X units. From 2014 to 2022, the growth of imports of remained at a somewhat lower figure.

In value terms, imports of turbo, rotary and reciporating displacement compressors contracted to $X in 2022. Overall, imports, however, continue to indicate a deep slump. The pace of growth appeared the most rapid in 2019 when imports increased by 38% against the previous year. Imports peaked at $X in 2013; however, from 2014 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X units) constituted the largest supplier of turbo, rotary and reciporating displacement compressor to Angola, with a 57% share of total imports. Moreover, imports of turbo, rotary and reciporating displacement compressors from China exceeded the figures recorded by the second-largest supplier, Portugal (X units), fourfold. South Africa (X units) ranked third in terms of total imports with a 13% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to +10.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Portugal (+0.1% per year) and South Africa (+16.6% per year).

In value terms, the United States ($X) constituted the largest supplier of turbo, rotary and reciporating displacement compressors to Angola, comprising 40% of total imports. The second position in the ranking was held by China ($X), with a 14% share of total imports. It was followed by Portugal, with a 13% share.

From 2012 to 2022, the average annual rate of growth in terms of value from the United States totaled -5.1%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-1.8% per year) and Portugal (-11.8% per year).

Import Prices by Country

In 2022, the average import price for turbo, rotary and reciporating displacement compressors amounted to $X per unit, which is down by -17.8% against the previous year. Overall, the import price saw a deep setback. The pace of growth was the most pronounced in 2021 an increase of 12%. Over the period under review, average import prices hit record highs at $X per unit in 2012; however, from 2013 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 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 (-3.0%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :