Angola: Ignition Coil Market 2024

Ignition Coil Market Size in Angola

In 2022, the Angolan ignition coil market was finally on the rise to reach $X after two years of decline. In general, consumption, however, saw a abrupt decline. Over the period under review, the market hit record highs at $X in 2015; however, from 2016 to 2022, consumption failed to regain momentum.

Ignition Coil Exports

Exports from Angola

In 2022, overseas shipments of distributors and ignition coils decreased by X% to X units for the first time since 2017, thus ending a four-year rising trend. In general, exports enjoyed a significant expansion. The pace of growth was the most pronounced in 2015 when exports increased by X%. As a result, the exports reached the peak of X units. From 2016 to 2022, the growth of the exports remained at a lower figure.

In value terms, ignition coil exports shrank remarkably to $X in 2022. Overall, exports recorded a significant increase. The pace of growth appeared the most rapid in 2015 when exports increased by X% against the previous year. As a result, the exports reached the peak of $X. From 2016 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Portugal (X units) was the main destination for ignition coil exports from Angola, accounting for a X% share of total exports. Moreover, ignition coil exports to Portugal exceeded the volume sent to the second major destination, Canada (X units), sixfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Portugal stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Canada (X% per year) and France (X% per year).

In value terms, Portugal ($X) emerged as the key foreign market for distributors and ignition coils exports from Angola, comprising X% of total exports. The second position in the ranking was held by Canada ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Portugal stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Canada (X% per year) and France (X% per year).

Export Prices by Country

The average ignition coil export price stood at $X per unit in 2022, falling by X% against the previous year. Over the period under review, the export price, however, showed a modest expansion. The most prominent rate of growth was recorded in 2017 an increase of X% against the previous year. The export price peaked at $X per unit in 2014; however, from 2015 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 Canada ($X per unit), while the average price for exports to Portugal ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Canada (X%), while the prices for the other major destinations experienced mixed trend patterns.

Ignition Coil Imports

Imports into Angola

In 2022, overseas purchases of distributors and ignition coils increased by X% to X units for the first time since 2019, thus ending a two-year declining trend. Overall, imports, however, saw a abrupt downturn. The most prominent rate of growth was recorded in 2015 with an increase of X%. As a result, imports reached the peak of X units. From 2016 to 2022, the growth of imports remained at a lower figure.

In value terms, ignition coil imports expanded to $X in 2022. In general, imports, however, recorded a deep setback. The most prominent rate of growth was recorded in 2017 when imports increased by X% against the previous year. Imports peaked at $X in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Norway (X units) constituted the largest supplier of ignition coil to Angola, with a X% share of total imports. Moreover, ignition coil imports from Norway exceeded the figures recorded by the second-largest supplier, China (X units), more than tenfold. The third position in this ranking was held by South Africa (X units), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Norway stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and South Africa (X% per year).

In value terms, Norway ($X) constituted the largest supplier of distributors and ignition coils to Angola, comprising X% of total imports. The second position in the ranking was taken by China ($X), with a X% share of total imports. It was followed by South Africa, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Norway amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and South Africa (X% per year).

Import Prices by Country

The average ignition coil import price stood at $X per unit in 2022, waning by X% against the previous year. In general, the import price saw a perceptible curtailment. The most prominent rate of growth was recorded in 2013 when the average import price increased by X% against the previous year. As a result, import price reached the peak level of $X per unit. From 2014 to 2022, the average 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 Norway ($X per unit), while the price for the United Arab Emirates ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Norway (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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