Angola: Non-Electric Air Heater Market 2024

Non-Electric Air Heater Market Size in Angola

The Angolan non-electric air heater market shrank markedly to $X in 2022, reducing by -35.3% 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). Over the period under review, consumption, however, posted a mild increase. Over the period under review, the market attained the maximum level at $X in 2015; however, from 2016 to 2022, consumption remained at a lower figure.

Non-Electric Air Heater Exports

Exports from Angola

In 2016, non-electric air heater exports from Angola surged to X units, jumping by 37% against 2015 figures. Over the period under review, total exports indicated a significant increase from 2015 to 2016: its volume increased at an average annual rate of +36.7% over the last one-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, non-electric air heater exports skyrocketed to $X in 2016. The total export value increased at an average annual rate of +23.6% from 2015 to 2016; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Lebanon (X units) was the main destination for non-electric air heater exports from Angola, accounting for a 70% share of total exports. Moreover, non-electric air heater exports to Lebanon exceeded the volume sent to the second major destination, Mozambique (X units), threefold.

From 2015 to 2016, the average annual growth rate of volume to Lebanon was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Mozambique (0.0% per year) and the UK (-97.5% per year).

In value terms, the UK ($X) remains the key foreign market for non-electric air heaters or hot air distributors exports from Angola, comprising 94% of total exports. The second position in the ranking was taken by Lebanon ($X), with a 5.3% share of total exports.

From 2015 to 2016, the average annual growth rate of value to the UK stood at +52.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Lebanon (0.0% per year) and Mozambique (0.0% per year).

Export Prices by Country

In 2016, the average non-electric air heater export price amounted to $X per unit, reducing by -9.6% against the previous year. Overall, the export price saw a deep slump. Over the period under review, the average export prices reached the maximum at $X per unit in 2015, and then declined in the following year.

There were significant differences in the average prices for the major foreign markets. In 2016, amid the top suppliers, the country with the highest price was the UK ($X per unit), while the average price for exports to Mozambique ($X per unit) was amongst the lowest.

From 2015 to 2016, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+6,092.9%).

Non-Electric Air Heater Imports

Imports into Angola

In 2022, the amount of non-electric air heaters or hot air distributors imported into Angola contracted significantly to X units, with a decrease of -32.5% against the year before. In general, imports, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of 619%. Over the period under review, imports reached the maximum at X units in 2015; however, from 2016 to 2022, imports remained at a lower figure.

In value terms, non-electric air heater imports dropped notably to $X in 2022. Over the period under review, imports, however, enjoyed a notable expansion. The pace of growth was the most pronounced in 2021 with an increase of 450%. Over the period under review, imports attained the maximum at $X in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Portugal (X units) constituted the largest non-electric air heater supplier to Angola, accounting for a 51% share of total imports. Moreover, non-electric air heater imports from Portugal exceeded the figures recorded by the second-largest supplier, Lebanon (X units), twofold. Italy (X units) ranked third in terms of total imports with a 12% share.

From 2012 to 2022, the average annual growth rate of volume from Portugal was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Lebanon (+26.3% per year) and Italy (+19.3% per year).

In value terms, the largest non-electric air heater suppliers to Angola were Portugal ($X), Lebanon ($X) and Belgium ($X), with a combined 80% share of total imports.

Among the main suppliers, Lebanon, with a CAGR of +27.2%, 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

In 2022, the average non-electric air heater import price amounted to $X per unit, dropping by -12.5% against the previous year. In general, the import price, however, posted noticeable growth. The pace of growth appeared the most rapid in 2013 when the average import price increased by 132%. The import price peaked at $X per unit in 2014; however, from 2015 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 Lebanon ($X per unit), while the price for Italy ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+11.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :