Angola: Electric Brazing Machine Market 2024

Electric Brazing Machine Market Size in Angola

The Angolan electric brazing machine market contracted significantly to $X in 2022, shrinking by -24.2% 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). In general, consumption recorded a abrupt contraction. Over the period under review, the market reached the peak level at $X in 2014; however, from 2015 to 2022, consumption remained at a lower figure.

Electric Brazing Machine Exports

Exports from Angola

In 2022, the amount of electric brazing or soldering machines and apparatus exported from Angola amounted to X units, approximately mirroring 2021 figures. Over the period under review, exports showed a drastic downturn. The most prominent rate of growth was recorded in 2014 when exports increased by 850% against the previous year. The exports peaked at X units in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

In value terms, electric brazing machine exports rose markedly to $X in 2022. Overall, exports recorded a pronounced reduction. The most prominent rate of growth was recorded in 2014 when exports increased by 2,152% against the previous year. The exports peaked at $X in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Sao Tome and Principe (X units) and Portugal (X units) were the main destinations of electric brazing machine exports from Angola. Moreover, electric brazing machine exports in Sao Tome and Principe exceeded the figures recorded by the second-largest exporter, Portugal, twofold.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Sao Tome and Principe (with a CAGR of +8.0%).

In value terms, South Africa ($X) remains the key foreign market for electric brazing or soldering machines and apparatus exports from Angola, comprising 75% of total exports. The second position in the ranking was taken by Sao Tome and Principe ($X), with a 6.5% share of total exports. It was followed by Portugal, with a 3.8% share.

From 2012 to 2022, the average annual growth rate of value to South Africa totaled +3.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Sao Tome and Principe (+3.1% per year) and Portugal (-14.2% per year).

Export Prices by Country

In 2022, the average electric brazing machine export price amounted to $X per unit, rising by 16% against the previous year. Overall, the export price continues to indicate strong growth. The most prominent rate of growth was recorded in 2018 an increase of 588%. As a result, the export price reached the peak level of $X per unit. From 2019 to 2022, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was South Africa ($X per unit), while the average price for exports to Sao Tome and Principe ($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 South Africa (+47.5%), while the prices for the other major destinations experienced mixed trend patterns.

Electric Brazing Machine Imports

Imports into Angola

Electric brazing machine imports into Angola dropped remarkably to X units in 2022, declining by -22% against 2021. In general, imports saw a deep reduction. The most prominent rate of growth was recorded in 2018 when imports increased by 111%. Imports peaked at X units in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

In value terms, electric brazing machine imports fell rapidly to $X in 2022. Over the period under review, imports faced a abrupt curtailment. The most prominent rate of growth was recorded in 2021 with an increase of 118% against the previous year. Over the period under review, imports attained the peak figure at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Portugal (X units) constituted the largest supplier of electric brazing machine to Angola, accounting for a 59% share of total imports. Moreover, electric brazing machine imports from Portugal exceeded the figures recorded by the second-largest supplier, Spain (X units), sixfold. China (X units) ranked third in terms of total imports with an 8.3% share.

From 2012 to 2022, the average annual growth rate of volume from Portugal totaled -5.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+9.2% per year) and China (-18.7% per year).

In value terms, Portugal ($X) constituted the largest supplier of electric brazing or soldering machines and apparatus to Angola, comprising 54% of total imports. The second position in the ranking was held by South Africa ($X), with a 7.2% share of total imports. It was followed by Spain, with a 7% share.

From 2012 to 2022, the average annual growth rate of value from Portugal stood at -13.3%. The remaining supplying countries recorded the following average annual rates of imports growth: South Africa (+13.6% per year) and Spain (+4.4% per year).

Import Prices by Country

In 2022, the average electric brazing machine import price amounted to $X per unit, reducing by -6.5% against the previous year. Over the period under review, the import price continues to indicate a noticeable decline. The pace of growth was the most pronounced in 2019 when the average import price increased by 69% against the previous year. The import price peaked at $X per unit in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

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 South Africa ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mozambique (+22.9%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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