Angola: Accumulator Market 2025

Accumulator Market Size in Angola

The Angolan accumulator market totaled $X in 2022, with an increase of X% against the previous year. Overall, the total consumption indicated a resilient increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by X% against 2019 indices. Over the period under review, the market hit record highs at $X in 2016; however, from 2017 to 2022, consumption stood at a somewhat lower figure.

Accumulator Production in Angola

In value terms, accumulator production declined modestly to $X in 2022 estimated in export price. Over the period under review, the total production indicated prominent growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by X% against 2019 indices. The growth pace was the most rapid in 2013 when the production volume increased by X% against the previous year. Over the period under review, production attained the maximum level at $X in 2016; however, from 2017 to 2022, production stood at a somewhat lower figure.

Accumulator Exports

Exports from Angola

In 2022, exports of electric accumulators from Angola soared to X units, with an increase of X% on the previous year. In general, exports, however, recorded a deep reduction. The pace of growth appeared the most rapid in 2020 when exports increased by X% against the previous year. The exports peaked at X units in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

In value terms, accumulator exports surged to $X in 2022. Overall, exports, however, continue to indicate a drastic downturn. The pace of growth appeared the most rapid in 2019 when exports increased by X%. Over the period under review, the exports attained the peak figure at $X in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Democratic Republic of the Congo (X units) was the main destination for accumulator exports from Angola, with a X% share of total exports. Moreover, accumulator exports to Democratic Republic of the Congo exceeded the volume sent to the second major destination, Spain (X units), more than tenfold. The third position in this ranking was held by Qatar (X units), with a X% share.

From 2015 to 2022, the average annual growth rate of volume to Democratic Republic of the Congo amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (X% per year) and Qatar (X% per year).

In value terms, Democratic Republic of the Congo ($X) emerged as the key foreign market for electric accumulators exports from Angola, comprising X% of total exports. The second position in the ranking was taken by Qatar ($X), with a X% share of total exports. It was followed by South Africa, with a X% share.

From 2015 to 2022, the average annual rate of growth in terms of value to Democratic Republic of the Congo totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Qatar (X% per year) and South Africa (X% per year).

Export Prices by Country

In 2022, the average accumulator export price amounted to $X per unit, with an increase of X% against the previous year. Overall, the export price, however, recorded a perceptible slump. The growth pace was the most rapid in 2019 an increase of X%. The export price peaked at $X per unit in 2016; however, from 2017 to 2022, the export prices failed to regain momentum.

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

From 2015 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to France (X%), while the prices for the other major destinations experienced mixed trend patterns.

Accumulator Imports

Imports into Angola

In 2022, imports of electric accumulators into Angola soared to X units, growing by X% on the year before. Over the period under review, imports, however, showed a relatively flat trend pattern. Over the period under review, imports hit record highs at X units in 2012; afterwards, it flattened through to 2022.

In value terms, accumulator imports soared to $X in 2022. In general, imports, however, showed a abrupt descent. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. Over the period under review, imports attained the peak figure at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Portugal (X units), China (X units) and Vietnam (X units) were the main suppliers of accumulator imports to Angola, with a combined X% share of total imports.

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

In value terms, Portugal ($X), China ($X) and the United States ($X) appeared to be the largest accumulator suppliers to Angola, together accounting for X% of total imports. South Africa, France and Vietnam lagged somewhat behind, together accounting for a further X%.

In terms of the main suppliers, Vietnam, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average accumulator import price stood at $X per unit in 2022, which is down by X% against the previous year. Overall, the import price recorded a abrupt shrinkage. The pace of growth was the most pronounced in 2015 an increase of X%. As a result, import price attained the peak level of $X per unit. From 2016 to 2022, the average import prices remained at a 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 United States ($X per unit), while the price for Vietnam ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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