Angola: Smart Card Market 2024

Smart Card Market Size in Angola

In 2022, the Angolan smart card market decreased by -1.6% to $X, falling for the second year in a row after seven years of growth. Over the period under review, consumption posted prominent growth. Over the period under review, the market attained the peak level at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Smart Card Production in Angola

In value terms, smart card production fell slightly to $X in 2022 estimated in export price. In general, production showed buoyant growth. The pace of growth appeared the most rapid in 2018 when the production volume increased by 46%. Smart card production peaked at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Smart Card Exports

Exports from Angola

In 2022, the amount of cards incorporating an electronic integrated circuit (smart card) exported from Angola contracted rapidly to X units, which is down by -38.7% on the previous year's figure. Over the period under review, exports continue to indicate a deep downturn. The most prominent rate of growth was recorded in 2021 with an increase of 1,603%. The exports peaked at X units in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

In value terms, smart card exports reduced remarkably to $X in 2022. Overall, exports showed a dramatic shrinkage. The most prominent rate of growth was recorded in 2017 when exports increased by 413%. Over the period under review, the exports reached the maximum at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Portugal (X units) was the main destination for smart card exports from Angola, accounting for a 5.3% share of total exports. It was followed by South Africa (X units), with a 0.1% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to Portugal amounted to +8.9%.

In value terms, Portugal ($X) emerged as the key foreign market for cards incorporating an electronic integrated circuit (smart card) exports from Angola, comprising 50% of total exports. The second position in the ranking was taken by South Africa ($X), with a 0.2% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Portugal totaled +58.2%.

Export Prices by Country

In 2022, the average smart card export price amounted to $X per unit, increasing by 13% against the previous year. In general, the export price, however, recorded a deep setback. The pace of growth appeared the most rapid in 2020 when the average export price increased by 117% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2021 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Portugal ($X per unit), while the average price for exports to South Africa totaled $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Norway (+89.1%), while the prices for the other major destinations experienced more modest paces of growth.

Smart Card Imports

Imports into Angola

In 2022, smart card imports into Angola contracted to X units, approximately reflecting the previous year's figure. Over the period under review, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 with an increase of 144% against the previous year. Imports peaked at X units in 2020; however, from 2021 to 2022, imports remained at a lower figure.

In value terms, smart card imports declined modestly to $X in 2022. Overall, imports, however, recorded a resilient increase. The most prominent rate of growth was recorded in 2016 with an increase of 122% against the previous year. Imports peaked at $X in 2021, and then contracted slightly in the following year.

Imports by Country

In 2022, India (X units) constituted the largest smart card supplier to Angola, with a 59% share of total imports. Moreover, smart card imports from India exceeded the figures recorded by the second-largest supplier, China (X units), twofold. The third position in this ranking was taken by Singapore (X units), with a 5.7% share.

From 2012 to 2022, the average annual growth rate of volume from India totaled -4.1%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+90.6% per year) and Singapore (+115.3% per year).

In value terms, China ($X) constituted the largest supplier of cards incorporating an electronic integrated circuit (smart card) to Angola, comprising 53% of total imports. The second position in the ranking was taken by India ($X), with a 24% share of total imports. It was followed by Singapore, with an 8.4% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China stood at +109.1%. The remaining supplying countries recorded the following average annual rates of imports growth: India (-6.1% per year) and Singapore (+128.6% per year).

Import Prices by Country

In 2022, the average smart card import price amounted to $X per unit, remaining stable against the previous year. Over the period under review, import price indicated a strong increase from 2012 to 2022: its price increased at an average annual rate of +5.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, smart card import price increased by +73.9% against 2017 indices. The most prominent rate of growth was recorded in 2019 an increase of 61%. Over the period under review, average import prices hit record highs at $X per unit in 2021, and then shrank modestly in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was South Africa ($X per unit), while the price for India ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Africa (+20.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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