Angola: Dry-Cleaning Machine Market 2024

Dry-Cleaning Machine Market Size in Angola

In 2021, the Angolan dry-cleaning machine market increased by 29% to $X for the first time since 2017, thus ending a three-year declining trend. Overall, consumption, however, showed a abrupt slump. Over the period under review, the market hit record highs at $X in 2014; however, from 2015 to 2021, consumption remained at a lower figure.

Dry-Cleaning Machine Exports

Exports from Angola

For the third year in a row, Angola recorded growth in shipments abroad of dry-cleaning machines, which increased by 200% to X units in 2021. Overall, exports showed a strong expansion. Over the period under review, the exports hit record highs at X units in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

In value terms, dry-cleaning machine exports soared to $X in 2021. Over the period under review, exports posted a significant expansion. The most prominent rate of growth was recorded in 2016 with an increase of 7,465%. Over the period under review, the exports hit record highs in 2021 and are likely to see gradual growth in the immediate term.

Exports by Country

Democratic Republic of the Congo (X units) and the UK (X units) were the main destinations of dry-cleaning machine exports from Angola. Moreover, dry-cleaning machine exports in Democratic Republic of the Congo exceeded the figures recorded by the second-largest exporter, the UK, twofold.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the UK (with a CAGR of 0.0%).

In value terms, Democratic Republic of the Congo ($X) remains the key foreign market for dry-cleaning machines exports from Angola, comprising 92% of total exports. The second position in the ranking was taken by the UK ($X), with a 1.8% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Democratic Republic of the Congo stood at +93.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+54.9% per year) and Sao Tome and Principe (-21.2% per year).

Export Prices by Country

In 2021, the average dry-cleaning machine export price amounted to $X per unit, picking up by 82% against the previous year. Overall, the export price showed a significant expansion. The pace of growth was the most pronounced in 2016 when the average export price increased by 2,948%. Over the period under review, the average export prices reached the maximum at $X per unit in 2018; however, from 2019 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Democratic Republic of the Congo ($X per unit), while the average price for exports to the UK ($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 UK (+53.1%), while the prices for the other major destinations experienced more modest paces of growth.

Dry-Cleaning Machine Imports

Imports into Angola

In 2021, after three years of decline, there was significant growth in supplies from abroad of dry-cleaning machines, when their volume increased by 63% to X units. Overall, imports, however, recorded a deep contraction. The pace of growth was the most pronounced in 2013 when imports increased by 70%. Imports peaked at X units in 2017; however, from 2018 to 2021, imports stood at a somewhat lower figure.

In value terms, dry-cleaning machine imports soared to $X in 2021. In general, imports, however, faced a dramatic decrease. The growth pace was the most rapid in 2016 when imports increased by 107% against the previous year. Over the period under review, imports reached the maximum at $X in 2014; however, from 2015 to 2021, imports failed to regain momentum.

Imports by Country

India (X units), the United Arab Emirates (X units) and Vietnam (X units) were the main suppliers of dry-cleaning machine imports to Angola, with a combined 46% share of total imports.

From 2012 to 2021, the biggest increases were recorded for India (with a CAGR of +13.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X), India ($X) and China ($X) were the largest dry-cleaning machine suppliers to Angola, together comprising 44% of total imports. Portugal, Vietnam, the United Arab Emirates, the UK, Congo, Lebanon and Japan lagged somewhat behind, together accounting for a further 19%.

Vietnam, with a CAGR of +33.3%, 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 dry-cleaning machine import price amounted to $X per unit, which is down by -28.3% against the previous year. Overall, the import price faced a abrupt descent. The most prominent rate of growth was recorded in 2016 when the average import price increased by 129%. Over the period under review, average import prices reached the maximum at $X per unit in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Japan (+21.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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