Angola: Air Conditioning Machine Market 2024

Air Conditioning Machine Market Size in Angola

The Angolan air conditioning machine market was finally on the rise to reach $X in 2021, after two years of decline. In general, consumption continues to indicate a abrupt curtailment. Air conditioning machine consumption peaked at $X in 2014; however, from 2015 to 2021, consumption stood at a somewhat lower figure.

Air Conditioning Machine Exports

Exports from Angola

Air conditioning machine exports from Angola plummeted to X units in 2021, falling by -77.7% on 2020. Overall, exports recorded a deep slump. The most prominent rate of growth was recorded in 2015 with an increase of 949%. As a result, the exports attained the peak of X units. From 2016 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, air conditioning machine exports contracted notably to $X in 2021. Over the period under review, exports, however, showed a moderate increase. The pace of growth was the most pronounced in 2015 with an increase of 482%. 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

Nigeria (X units) was the main destination for air conditioning machine exports from Angola, with a 48% share of total exports. Moreover, air conditioning machine exports to Nigeria exceeded the volume sent to the second major destination, Namibia (X units), threefold. The third position in this ranking was held by Ghana (X units), with a 15% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Nigeria totaled -1.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Namibia (+71.1% per year) and Ghana (+35.3% per year).

In value terms, Namibia ($X) emerged as the key foreign market for air conditioning machine exports from Angola, comprising 74% of total exports. The second position in the ranking was held by Nigeria ($X), with a 20% share of total exports. It was followed by Ghana, with a 2.2% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Namibia stood at +117.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Nigeria (+5.6% per year) and Ghana (+78.8% per year).

Export Prices by Country

The average air conditioning machine export price stood at $X per unit in 2021, increasing by 216% against the previous year. Over the period under review, the export price continues to indicate a strong expansion. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was Namibia ($X per unit), while the average price for exports to Canada ($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 Ghana (+32.1%), while the prices for the other major destinations experienced more modest paces of growth.

Air Conditioning Machine Imports

Imports into Angola

In 2021, purchases abroad of air conditioning machines decreased by -20.3% to X units, falling for the third consecutive year after two years of growth. In general, imports recorded a abrupt curtailment. The growth pace was the most rapid in 2017 with an increase of 77%. Imports peaked at X units in 2014; however, from 2015 to 2021, imports failed to regain momentum.

In value terms, air conditioning machine imports skyrocketed to $X in 2021. Over the period under review, imports showed a deep reduction. The pace of growth was the most pronounced in 2017 when imports increased by 57% against the previous year. Imports peaked at $X in 2014; however, from 2015 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, China (X units) constituted the largest supplier of air conditioning machine to Angola, accounting for a 72% share of total imports. Moreover, air conditioning machine imports from China exceeded the figures recorded by the second-largest supplier, Portugal (X units), fivefold. The United Arab Emirates (X units) ranked third in terms of total imports with a 3% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China amounted to -6.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Portugal (-16.8% per year) and the United Arab Emirates (-7.9% per year).

In value terms, China ($X) constituted the largest supplier of air conditioning machine to Angola, comprising 56% of total imports. The second position in the ranking was taken by Portugal ($X), with an 18% share of total imports. It was followed by the United Arab Emirates, with a 4.6% share.

From 2012 to 2021, the average annual growth rate of value from China totaled -8.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Portugal (-17.5% per year) and the United Arab Emirates (-5.7% per year).

Import Prices by Country

The average air conditioning machine import price stood at $X per unit in 2021, growing by 44% against the previous year. Over the period under review, the import price, however, recorded a perceptible setback. Over the period under review, average import prices hit record highs at $X per unit in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

Prices varied noticeably country of origin: the country with the highest price was Thailand ($X per unit), while the price for Singapore ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Thailand (+12.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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