Angola: Athletic Footwear Market 2024

Athletic Footwear Market Size in Angola

The Angolan athletic footwear market fell to $X in 2022, which is down by -10.3% 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 showed a pronounced setback. As a result, consumption attained the peak level of $X. From 2015 to 2022, the growth of the market remained at a lower figure.

Athletic Footwear Exports

Exports from Angola

In 2022, exports of athletic footwear from Angola surged to X pairs, picking up by 23% against the previous year's figure. In general, exports showed a buoyant expansion. The most prominent rate of growth was recorded in 2014 when exports increased by 2,800%. As a result, the exports attained the peak of X pairs. From 2015 to 2022, the growth of the exports failed to regain momentum.

In value terms, athletic footwear exports expanded rapidly to $X in 2022. Over the period under review, exports enjoyed a remarkable increase. The most prominent rate of growth was recorded in 2014 with an increase of 6,362% against the previous year. As a result, the exports attained the peak of $X. From 2015 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Democratic Republic of the Congo (X pairs), Namibia (X pairs) and the United Arab Emirates (X pairs) were the main destinations of athletic footwear exports from Angola, together comprising 63% 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 Namibia (with a CAGR of +42.3%), while the other leaders experienced more modest paces of growth.

In value terms, Democratic Republic of the Congo ($X), the United Arab Emirates ($X) and Sao Tome and Principe ($X) were the largest markets for athletic footwear exported from Angola worldwide, with a combined 54% share of total exports. Namibia, France, Cuba and Brazil lagged somewhat behind, together comprising a further 33%.

In terms of the main countries of destination, Brazil, with a CAGR of +76.7%, 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 athletic footwear export price stood at $X per pair in 2022, declining by -12.5% against the previous year. In general, the export price, however, posted a buoyant expansion. The growth pace was the most rapid in 2014 an increase of 123%. The export price peaked at $X per pair in 2021, and then shrank in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Brazil (+41.8%), while the prices for the other major destinations experienced more modest paces of growth.

Athletic Footwear Imports

Imports into Angola

In 2022, the amount of athletic footwear imported into Angola fell to X pairs, reducing by -8.1% on the year before. Overall, imports recorded a deep contraction. The growth pace was the most rapid in 2014 with an increase of 142%. As a result, imports reached the peak of X pairs. From 2015 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, athletic footwear imports contracted to $X in 2022. In general, imports recorded a perceptible decline. The growth pace was the most rapid in 2014 when imports increased by 180% against the previous year. As a result, imports attained the peak of $X. From 2015 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, China (X pairs) constituted the largest supplier of athletic footwear to Angola, with a 47% share of total imports. Moreover, athletic footwear imports from China exceeded the figures recorded by the second-largest supplier, Malta (X pairs), twofold. The third position in this ranking was held by Portugal (X pairs), with an 8.3% share.

From 2012 to 2022, the average annual growth rate of volume from China totaled +11.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Malta (-1.6% per year) and Portugal (-20.2% per year).

In value terms, China ($X) constituted the largest supplier of athletic footwear to Angola, comprising 54% of total imports. The second position in the ranking was taken by Malta ($X), with a 17% 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 China stood at +21.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Malta (-9.0% per year) and Portugal (-9.9% per year).

Import Prices by Country

In 2022, the average athletic footwear import price amounted to $X per pair, falling by -2.9% against the previous year. In general, import price indicated a moderate increase from 2012 to 2022: its price increased at an average annual rate of +4.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, athletic footwear import price increased by +91.5% against 2017 indices. The pace of growth appeared the most rapid in 2019 an increase of 28% against the previous year. The import price peaked at $X per pair in 2021, and then shrank modestly in the following year.

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 Belgium ($X per pair), while the price for India ($X per pair) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+14.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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