Angola: Market for Industrial, Laboratory or Bakery Ovens 2024

Market Size for Industrial, Laboratory or Bakery Ovens in Angola

In 2022, the Angolan market for industrial, laboratory or bakery ovens decreased by -7.7% to $X for the first time since 2019, thus ending a two-year rising trend. Overall, consumption saw a deep setback. Industrial, laboratory or bakery oven consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Exports of Industrial, Laboratory or Bakery Ovens

Exports from Angola

In 2018, shipments abroad of industrial, laboratory or bakery ovens decreased by -42.9% to X units, falling for the second consecutive year after two years of growth. Overall, exports continue to indicate a deep contraction. The pace of growth appeared the most rapid in 2016 with an increase of 127%. As a result, the exports reached the peak of X units. From 2017 to 2018, the growth of the exports remained at a lower figure.

In value terms, industrial, laboratory or bakery oven exports fell sharply to $X in 2018. In general, exports saw a sharp descent. The most prominent rate of growth was recorded in 2016 with an increase of 25%. As a result, the exports attained the peak of $X. From 2017 to 2018, the growth of the exports remained at a somewhat lower figure.

Exports by Country

South Africa (X units), the UK (X units) and Switzerland (X units) were the main destinations of industrial, laboratory or bakery oven exports from Angola, with a combined 88% share of total exports. These countries were followed by Italy, which accounted for a further 13%. Moreover, industrial, laboratory or bakery oven exports in South Africa exceeded the figures recorded by the second-largest exporter, the UK, twofold.

From 2015 to 2018, the biggest increases were recorded for Italy (with a CAGR of 0.0%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, the UK ($X), South Africa ($X) and Italy ($X) constituted the largest markets for industrial, laboratory or bakery oven exported from Angola worldwide, with a combined 100% share of total exports.

Italy, with a CAGR of 0.0%, recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2018, the average export price for industrial, laboratory or bakery ovens amounted to $X per unit, which is down by -16.9% against the previous year. Over the period under review, the export price showed a deep reduction. The most prominent rate of growth was recorded in 2017 an increase of 23% against the previous year. Over the period under review, the average export prices hit record highs at $X per unit in 2015; however, from 2016 to 2018, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2018, amid the top suppliers, the country with the highest price was the UK ($X per unit), while the average price for exports to Switzerland ($X per unit) was amongst the lowest.

From 2015 to 2018, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+0.6%).

Imports of Industrial, Laboratory or Bakery Ovens

Imports into Angola

In 2022, after two years of growth, there was significant decline in supplies from abroad of industrial, laboratory or bakery ovens, when their volume decreased by -7.3% to X units. Over the period under review, imports showed a drastic downturn. The most prominent rate of growth was recorded in 2018 with an increase of 304%. Over the period under review, imports attained the maximum at X units in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, industrial, laboratory or bakery oven imports dropped to $X in 2022. In general, imports saw a precipitous decline. The most prominent rate of growth was recorded in 2014 with an increase of 119%. Imports peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X units) constituted the largest supplier of industrial, laboratory or bakery oven to Angola, with a 59% share of total imports. Moreover, industrial, laboratory or bakery oven imports from China exceeded the figures recorded by the second-largest supplier, India (X units), ninefold. Brazil (X units) ranked third in terms of total imports with a 5.9% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at +9.6%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+17.5% per year) and Brazil (-14.3% per year).

In value terms, China ($X), Portugal ($X) and Italy ($X) were the largest industrial, laboratory or bakery oven suppliers to Angola, with a combined 46% share of total imports. India, Germany, Congo, Brazil, Singapore and the United Arab Emirates lagged somewhat behind, together comprising a further 31%.

In terms of the main suppliers, India, with a CAGR of +19.2%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average import price for industrial, laboratory or bakery ovens amounted to $X per unit, which is down by -1.7% against the previous year. In general, the import price saw a deep setback. The pace of growth was the most pronounced in 2017 when the average import price increased by 34% against the previous year. The import price peaked at $X per unit in 2013; however, from 2014 to 2022, 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 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 India (+1.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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