Angola: Electrical Signalling Apparatus Market 2024

Electrical Signalling Apparatus Market Size in Angola

The Angolan electrical signalling apparatus market dropped sharply to $X in 2022, with a decrease of -21.2% 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 saw a deep reduction. Over the period under review, the market attained the maximum level at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Electrical Signalling Apparatus Exports

Exports from Angola

In 2022, exports of electrical apparatus for sound or visual signalling from Angola dropped significantly to X units, declining by -28.2% against the previous year's figure. Over the period under review, exports showed a pronounced descent. The most prominent rate of growth was recorded in 2021 with an increase of 231% 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, electrical signalling apparatus exports shrank significantly to $X in 2022. In general, exports saw a abrupt shrinkage. The pace of growth appeared the most rapid in 2015 when exports increased by 134% against the previous year. As a result, the exports reached the peak of $X. From 2016 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

The United States (X units), South Africa (X units) and Portugal (X units) were the main destinations of electrical signalling apparatus exports from Angola, together accounting for 57% of total exports. Mozambique, the United Arab Emirates, Cuba and Congo lagged somewhat behind, together accounting for a further 35%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Mozambique (with a CAGR of +43.4%), while the other leaders experienced more modest paces of growth.

In value terms, South Africa ($X), Congo ($X) and the United States ($X) were the largest markets for electrical signalling apparatus exported from Angola worldwide, together comprising 82% of total exports.

Among the main countries of destination, South Africa, with a CAGR of +42.4%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average electrical signalling apparatus export price amounted to $X per unit, growing by 3.8% against the previous year. In general, the export price, however, saw a noticeable curtailment. The most prominent rate of growth was recorded in 2020 when the average export price increased by 63%. Over the period under review, the average export prices reached the maximum at $X per unit in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Congo ($X per unit), while the average price for exports to Cuba ($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 Democratic Republic of the Congo (+196.5%), while the prices for the other major destinations experienced more modest paces of growth.

Electrical Signalling Apparatus Imports

Imports into Angola

Electrical signalling apparatus imports into Angola shrank rapidly to X units in 2022, with a decrease of -26.9% compared with the previous year's figure. In general, imports faced a drastic downturn. The pace of growth appeared the most rapid in 2016 with an increase of 115%. Over the period under review, imports reached the peak figure at X units in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, electrical signalling apparatus imports shrank to $X in 2022. Over the period under review, imports faced a abrupt contraction. The most prominent rate of growth was recorded in 2016 with an increase of 117%. Imports peaked at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Portugal (X units) constituted the largest electrical signalling apparatus supplier to Angola, with a 37% share of total imports. Moreover, electrical signalling apparatus imports from Portugal exceeded the figures recorded by the second-largest supplier, China (X units), twofold. The third position in this ranking was held by Spain (X units), with a 9.3% share.

From 2012 to 2022, the average annual growth rate of volume from Portugal stood at -14.7%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-9.2% per year) and Spain (+14.8% per year).

In value terms, Portugal ($X) constituted the largest supplier of electrical apparatus for sound or visual signalling to Angola, comprising 39% of total imports. The second position in the ranking was held by Spain ($X), with a 12% share of total imports. It was followed by the United States, with a 7.9% share.

From 2012 to 2022, the average annual growth rate of value from Portugal totaled -15.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+20.9% per year) and the United States (-23.5% per year).

Import Prices by Country

In 2022, the average electrical signalling apparatus import price amounted to $X per unit, picking up by 18% against the previous year. Over the period under review, the import price, however, showed a pronounced reduction. The most prominent rate of growth was recorded in 2015 an increase of 63% against the previous year. The import price peaked at $X per unit in 2017; however, from 2018 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 South Africa ($X per unit), while the price for Iceland ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+5.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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