Angola: Electric Radiator Market 2024

Electric Radiator Market Size in Angola

The Angolan electric radiator market declined dramatically to $X in 2021, waning by -42.7% 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 saw a abrupt slump. Over the period under review, the market attained the peak level at $X in 2015; however, from 2016 to 2021, consumption failed to regain momentum.

Electric Radiator Exports

Exports from Angola

In 2021, after two years of decline, there was significant growth in shipments abroad of electric radiators and convection heaters, when their volume increased by 79% to X units. In general, exports posted a buoyant expansion. The pace of growth appeared the most rapid in 2017 when exports increased by 127%. Over the period under review, the exports hit record highs at X units in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

In value terms, electric radiator exports soared to $X in 2021. Overall, exports saw significant growth. The growth pace was the most rapid in 2017 with an increase of 141% against the previous year. The exports peaked at $X in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

Exports by Country

Mozambique (X units), South Africa (X units) and Democratic Republic of the Congo (X units) were the main destinations of electric radiator exports from Angola, together comprising 81% of total exports.

From 2012 to 2021, the biggest increases were recorded for South Africa (with a CAGR of +42.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Democratic Republic of the Congo ($X) emerged as the key foreign market for electric radiators and convection heaters exports from Angola, comprising 70% of total exports. The second position in the ranking was held by Mozambique ($X), with a 13% share of total exports. It was followed by South Africa, with a 9.5% share.

From 2012 to 2021, the average annual growth rate of value to Democratic Republic of the Congo stood at +90.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mozambique (0.0% per year) and South Africa (+57.3% per year).

Export Prices by Country

In 2021, the average electric radiator export price amounted to $X per unit, reducing by -35.5% against the previous year. Overall, the export price, however, continues to indicate resilient growth. The pace of growth was the most pronounced in 2016 when the average export price increased by 94%. The export price peaked at $X per unit in 2019; however, from 2020 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: 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 Democratic Republic of the Congo (+56.0%), while the prices for the other major destinations experienced more modest paces of growth.

Electric Radiator Imports

Imports into Angola

In 2021, electric radiator imports into Angola dropped dramatically to X units, with a decrease of -43.2% on the previous year's figure. In general, imports recorded a deep downturn. The pace of growth appeared the most rapid in 2019 when imports increased by 512%. Imports peaked at X units in 2015; however, from 2016 to 2021, imports remained at a lower figure.

In value terms, electric radiator imports dropped sharply to $X in 2021. Over the period under review, imports showed a abrupt slump. The most prominent rate of growth was recorded in 2019 when imports increased by 119%. Over the period under review, imports reached the maximum at $X in 2015; however, from 2016 to 2021, imports remained at a lower figure.

Imports by Country

Malaysia (X units), China (X units) and Portugal (X units) were the main suppliers of electric radiator imports to Angola, together comprising 84% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Malaysia (with a CAGR of +28.3%), while imports for the other leaders experienced mixed trend patterns.

In value terms, Malaysia ($X) constituted the largest supplier of electric radiators and convection heaters to Angola, comprising 55% of total imports. The second position in the ranking was held by Portugal ($X), with a 17% share of total imports. It was followed by the United States, with a 9.6% share.

From 2012 to 2021, the average annual growth rate of value from Malaysia stood at +17.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Portugal (-8.1% per year) and the United States (+1.6% per year).

Import Prices by Country

In 2021, the average electric radiator import price amounted to $X per unit, with an increase of 27% against the previous year. In general, the import price, however, recorded a mild shrinkage. The pace of growth was the most pronounced in 2020 when the average import price increased by 246%. Over the period under review, average import prices attained the maximum at $X per unit in 2014; however, from 2015 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 the United States ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Korea (-0.7%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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