Angola: Check Valve Market 2024

Check Valve Market Size in Angola

The Angolan check valve market declined dramatically to $X in 2021, which is down by -44% 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). In general, consumption saw a pronounced setback. Over the period under review, the market attained the peak level at $X in 2013; however, from 2014 to 2021, consumption stood at a somewhat lower figure.

Check Valve Exports

Exports from Angola

In 2021, overseas shipments of check valves for pipes, boiler shells, tanks and vats increased by 8.7% to X units, rising for the second year in a row after two years of decline. In general, exports showed a significant increase. The growth pace was the most rapid in 2015 when exports increased by 508% against the previous year. The exports peaked at X units in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

In value terms, check valve exports contracted notably to $X in 2021. Overall, exports posted a significant increase. The most prominent rate of growth was recorded in 2015 with an increase of 1,364%. Over the period under review, the exports attained the peak figure at $X in 2020, and then contracted markedly in the following year.

Exports by Country

The Netherlands (X units) was the main destination for check valve exports from Angola, accounting for a 40% share of total exports. Moreover, check valve exports to the Netherlands exceeded the volume sent to the second major destination, the UK (X units), twofold. Egypt (X units) ranked third in terms of total exports with a 12% share.

From 2012 to 2021, the average annual growth rate of volume to the Netherlands amounted to +191.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+118.3% per year) and Egypt (+100.8% per year).

In value terms, the UK ($X) remains the key foreign market for check valves for pipes, boiler shells, tanks and vats exports from Angola, comprising 62% of total exports. The second position in the ranking was held by the Netherlands ($X), with a 16% share of total exports. It was followed by Egypt, with a 5% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the UK amounted to +97.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (+237.4% per year) and Egypt (+100.7% per year).

Export Prices by Country

In 2021, the average check valve export price amounted to $X per unit, which is down by -35.5% against the previous year. Overall, the export price, however, continues to indicate a resilient increase. The most prominent rate of growth was recorded in 2015 an increase of 141%. As a result, the export price reached the peak level of $X per unit. From 2016 to 2021, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was the UK ($X per unit), while the average price for exports to Democratic Republic of the Congo ($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 the United States (+16.3%), while the prices for the other major destinations experienced more modest paces of growth.

Check Valve Imports

Imports into Angola

In 2021, the amount of check valves for pipes, boiler shells, tanks and vats imported into Angola dropped dramatically to X units, waning by -35.1% on the year before. Over the period under review, imports continue to indicate a perceptible shrinkage. The pace of growth was the most pronounced in 2020 when imports increased by 207%. Over the period under review, imports hit record highs at X units in 2013; however, from 2014 to 2021, imports remained at a lower figure.

In value terms, check valve imports reduced remarkably to $X in 2021. Overall, imports saw a noticeable reduction. The pace of growth appeared the most rapid in 2020 with an increase of 468%. Imports peaked at $X in 2013; however, from 2014 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, China (X units) constituted the largest check valve supplier to Angola, accounting for a 29% share of total imports. Moreover, check valve imports from China exceeded the figures recorded by the second-largest supplier, Portugal (X units), threefold. The third position in this ranking was taken by Guyana (X units), with a 9.2% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China amounted to +17.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Portugal (-9.0% per year) and Guyana (+149.4% per year).

In value terms, the UK ($X), Norway ($X) and Guyana ($X) were the largest check valve suppliers to Angola, together accounting for 54% of total imports.

Guyana, with a CAGR of +160.4%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average check valve import price amounted to $X per unit, reducing by -19.5% against the previous year. Over the period under review, the import price recorded a pronounced downturn. The pace of growth was the most pronounced in 2020 when the average import price increased by 85%. As a result, import price attained the peak level of $X per unit, and then declined rapidly in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Norway ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Brazil (+18.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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