Angola: Crane Market 2025

Crane Market Size in Angola

The Angolan crane market declined rapidly to $X in 2022, which is down by -39.9% 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 deep downturn. Crane consumption peaked at $X in 2014; however, from 2015 to 2022, consumption failed to regain momentum.

Crane Exports

Exports from Angola

In 2022, overseas shipments of derricks, cranes, mobile lifting frames, straddle carriers and work trucks fitted with a crane increased by 15% to X units for the first time since 2018, thus ending a three-year declining trend. In general, exports, however, saw a abrupt decline. The pace of growth was the most pronounced in 2015 when exports increased by 774% against the previous year. Over the period under review, the exports attained the peak figure at X units in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

In value terms, crane exports surged to $X in 2022. Over the period under review, exports, however, recorded a abrupt contraction. The growth pace was the most rapid in 2015 when exports increased by 1,751%. Over the period under review, the exports attained the maximum at $X in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Belgium (X units) was the main destination for crane exports from Angola, accounting for a 36% share of total exports. Moreover, crane exports to Belgium exceeded the volume sent to the second major destination, Portugal (X units), threefold.

From 2012 to 2022, the average annual growth rate of volume to Belgium totaled -5.9%.

In value terms, Belgium ($X) emerged as the key foreign market for derricks, cranes, mobile lifting frames, straddle carriers and work trucks fitted with a crane exports from Angola, comprising 40% of total exports. The second position in the ranking was taken by Portugal ($X), with a 9.9% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Belgium stood at -5.3%.

Export Prices by Country

The average crane export price stood at $X per unit in 2022, rising by 22% against the previous year. In general, the export price, however, saw a abrupt decrease. The pace of growth appeared the most rapid in 2015 when the average export price increased by 112%. As a result, the export price attained the peak level of $X per unit. From 2016 to 2022, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Belgium ($X per unit), while the average price for exports to Portugal stood at $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Portugal (+12.1%), while the prices for the other major destinations experienced more modest paces of growth.

Crane Imports

Imports into Angola

In 2022, approx. X units of derricks, cranes, mobile lifting frames, straddle carriers and work trucks fitted with a crane were imported into Angola; shrinking by -36.1% against 2021. In general, imports continue to indicate a abrupt decrease. The pace of growth was the most pronounced in 2021 when imports increased by 262%. Over the period under review, imports reached the maximum at X units in 2014; however, from 2015 to 2022, imports failed to regain momentum.

In value terms, crane imports reduced markedly to $X in 2022. Overall, imports showed a abrupt decrease. The pace of growth was the most pronounced in 2021 with an increase of 365%. Over the period under review, imports reached the maximum at $X in 2013; however, from 2014 to 2022, imports remained at a lower figure.

Imports by Country

Germany (X units), China (X units) and Brazil (X units) were the main suppliers of crane imports to Angola, with a combined 49% share of total imports. Portugal, the United States, South Africa and India lagged somewhat behind, together comprising a further 15%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by India (with a CAGR of +35.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of derricks, cranes, mobile lifting frames, straddle carriers and work trucks fitted with a crane to Angola, comprising 23% of total imports. The second position in the ranking was taken by Portugal ($X), with a 9.1% share of total imports. It was followed by China, with a 7.6% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Germany totaled +4.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Portugal (-6.3% per year) and China (-23.0% per year).

Import Prices by Country

In 2022, the average crane import price amounted to $X per unit, falling by -4.8% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 an increase of 30%. The import price peaked at $X per unit in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Portugal ($X per unit), while the price for China ($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 Korea (+23.8%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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