Angola: Shaft Coupling Market 2024

Shaft Coupling Market Size in Angola

The Angolan shaft coupling market declined to $X in 2022, dropping by -4.8% 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). Overall, consumption recorded a abrupt shrinkage. As a result, consumption attained the peak level of $X. From 2016 to 2022, the growth of the market failed to regain momentum.

Shaft Coupling Exports

Exports from Angola

In 2022, shaft coupling exports from Angola soared to X tons, jumping by 165% on the year before. Over the period under review, exports continue to indicate a significant expansion. The pace of growth was the most pronounced in 2014 when exports increased by 1,554% against the previous year. The exports peaked at X tons in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

In value terms, shaft coupling exports surged to $X in 2022. In general, exports showed significant growth. The growth pace was the most rapid in 2014 when exports increased by 1,195%. Over the period under review, the exports hit record highs at $X in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

Exports by Country

France (X kg), the United States (X kg) and the UK (X kg) were the main destinations of shaft coupling exports from Angola, with a combined 87% share of total exports.

From 2012 to 2022, the biggest increases were recorded for France (with a CAGR of +70.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), France ($X) and the UK ($X) were the largest markets for shaft coupling exported from Angola worldwide, together comprising 89% of total exports.

Among the main countries of destination, the United States, with a CAGR of +46.2%, recorded the highest rates of growth with regard to 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 shaft coupling export price stood at $X per ton in 2022, shrinking by -9.3% against the previous year. In general, the export price recorded a deep contraction. The growth pace was the most rapid in 2019 an increase of 89% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to Namibia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Nigeria (+590.1%), while the prices for the other major destinations experienced a decline.

Shaft Coupling Imports

Imports into Angola

In 2022, approx. X tons of clutches and shaft couplings were imported into Angola; with a decrease of -3.8% on 2021. In general, imports recorded a abrupt downturn. The most prominent rate of growth was recorded in 2015 when imports increased by 74%. As a result, imports reached the peak of X tons. From 2016 to 2022, the growth of imports remained at a lower figure.

In value terms, shaft coupling imports reduced to $X in 2022. Overall, imports recorded a perceptible decrease. The growth pace was the most rapid in 2015 with an increase of 31% against the previous year. As a result, imports reached the peak of $X. From 2016 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of shaft coupling to Angola, with a 53% share of total imports. Moreover, shaft coupling imports from China exceeded the figures recorded by the second-largest supplier, the United States (X tons), fivefold. The third position in this ranking was taken by Portugal (X tons), with a 7.8% share.

From 2012 to 2022, the average annual growth rate of volume from China amounted to +2.4%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-17.5% per year) and Portugal (-12.6% per year).

In value terms, the United States ($X), South Africa ($X) and the UK ($X) constituted the largest shaft coupling suppliers to Angola, together accounting for 53% of total imports. Portugal, China, Brazil and the United Arab Emirates lagged somewhat behind, together comprising a further 17%.

The United Arab Emirates, with a CAGR of +9.8%, recorded the highest growth rate of 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

The average shaft coupling import price stood at $X per ton in 2022, approximately reflecting the previous year. Over the period under review, import price indicated tangible growth from 2012 to 2022: its price increased at an average annual rate of +3.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, shaft coupling import price increased by +24.0% against 2020 indices. The pace of growth appeared the most rapid in 2018 when the average import price increased by 89% against the previous year. The import price peaked at $X per ton in 2019; however, from 2020 to 2022, import prices stood at a somewhat 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 the UK ($X per ton), while the price for China ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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