Angola: Electrical Circuit Apparatus Market 2022

Electrical Circuit Apparatus Market Size in Angola

The Angolan electrical circuit apparatus market surged to $X in 2021, growing by 15% 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, however, showed a abrupt contraction. Electrical circuit apparatus consumption peaked at $X in 2013; however, from 2014 to 2021, consumption remained at a lower figure.

Electrical Circuit Apparatus Exports

Exports from Angola

In 2021, exports of electrical apparatus for circuit connection, switching and protection from Angola expanded remarkably to X tons, picking up by 9.7% compared with 2020 figures. Over the period under review, exports continue to indicate significant growth. The pace of growth was the most pronounced in 2015 with an increase of 274%. The exports peaked in 2021 and are expected to retain growth in years to come.

In value terms, electrical circuit apparatus exports surged to $X in 2021. In general, exports posted a strong expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Democratic Republic of the Congo (X tons) was the main destination for electrical circuit apparatus exports from Angola, accounting for a 34% share of total exports. Moreover, electrical circuit apparatus exports to Democratic Republic of the Congo exceeded the volume sent to the second major destination, Belgium (X tons), twofold. The third position in this ranking was taken by Namibia (X tons), with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Democratic Republic of the Congo totaled +87.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belgium (+152.2% per year) and Namibia (+70.1% per year).

In value terms, Cote d'Ivoire ($X) emerged as the key foreign market for electrical circuit apparatus exports from Angola, comprising 74% of total exports. The second position in the ranking was held by the UK ($X), with a 4.8% share of total exports. It was followed by Belgium, with a 2.8% share.

From 2012 to 2021, the average annual growth rate of value to Cote d'Ivoire amounted to +101.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+13.4% per year) and Belgium (+116.4% per year).

Export Prices by Country

The average electrical circuit apparatus export price stood at $X per ton in 2021, increasing by 183% against the previous year. Over the period under review, the export price, however, continues to indicate a pronounced shrinkage. Over the period under review, the average export prices attained the peak figure at $X per ton in 2014; however, from 2015 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was Cote d'Ivoire ($X per ton), while the average price for exports to Democratic Republic of the Congo ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Cote d'Ivoire (+26.1%), while the prices for the other major destinations experienced more modest paces of growth.

Electrical Circuit Apparatus Imports

Imports into Angola

In 2021, purchases abroad of electrical apparatus for circuit connection, switching and protection increased by 0.2% to X tons, rising for the second year in a row after two years of decline. Overall, imports, however, showed a abrupt descent. The most prominent rate of growth was recorded in 2020 when imports increased by 26%. Over the period under review, imports reached the maximum at X tons in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

In value terms, electrical circuit apparatus imports skyrocketed to $X in 2021. Over the period under review, imports, however, faced a abrupt slump. Imports peaked at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

China (X tons), Portugal (X tons) and Turkey (X tons) were the main suppliers of electrical circuit apparatus imports to Angola, together comprising 81% of total imports. These countries were followed by the United States, Spain, South Africa and India, which together accounted for a further 11%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by India (with a CAGR of +4.9%), while imports for the other leaders experienced mixed trend patterns.

In value terms, Portugal ($X) constituted the largest supplier of electrical circuit apparatus to Angola, comprising 34% of total imports. The second position in the ranking was held by China ($X), with a 15% share of total imports. It was followed by the United States, with an 8.1% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Portugal totaled -13.9%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-4.6% per year) and the United States (-7.1% per year).

Import Prices by Country

The average electrical circuit apparatus import price stood at $X per ton in 2021, jumping by 21% against the previous year. Over the period under review, the import price, however, recorded a perceptible contraction. Over the period under review, average import prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

Prices varied noticeably country of origin: the country with the highest price was the United States ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Turkey (+1.8%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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