Angola: Electro-Magnetic Coupling Market 2024

Electro-Magnetic Coupling Market Size in Angola

The Angolan electro-magnetic coupling market declined to $X in 2022, dropping by -12.5% 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 faced a deep contraction. 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.

Electro-Magnetic Coupling Exports

Exports from Angola

After two years of decline, overseas shipments of electro-magnetic couplings, clutches and brakes increased by 17% to X kg in 2022. In general, exports, however, saw a deep slump. The pace of growth was the most pronounced in 2017 when exports increased by 170% against the previous year. As a result, the exports attained the peak of X kg. From 2018 to 2022, the growth of the exports failed to regain momentum.

In value terms, electro-magnetic coupling exports surged to $X in 2022. Over the period under review, exports, however, continue to indicate a abrupt shrinkage. The pace of growth appeared the most rapid in 2017 with an increase of 42% against the previous year. As a result, the exports reached the peak of $X. From 2018 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Portugal (X kg), France (X kg) and Belgium (X kg) were the main destinations of electro-magnetic coupling exports from Angola. Moreover, electro-magnetic coupling exports in Portugal exceeded the figures recorded by the second-largest exporter, France, twofold.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Belgium (with a CAGR of +7.2%), while the other leaders experienced mixed trend patterns.

In value terms, the largest markets for electro-magnetic coupling exported from Angola were Portugal ($X), France ($X) and Belgium ($X).

Belgium, with a CAGR of +29.2%, recorded the highest rates of growth with regard to 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

The average electro-magnetic coupling export price stood at $X per ton in 2022, increasing by 13% against the previous year. Overall, the export price, however, continues to indicate a abrupt setback. The pace of growth was the most pronounced in 2020 an increase of 96%. The export price peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices remained at a 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 France ($X per ton), while the average price for exports to Belgium ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Mozambique (+27.1%), while the prices for the other major destinations experienced mixed trend patterns.

Electro-Magnetic Coupling Imports

Imports into Angola

Electro-magnetic coupling imports into Angola fell markedly to X tons in 2022, shrinking by -20.8% compared with the previous year's figure. In general, imports showed a deep downturn. The pace of growth appeared the most rapid in 2018 when imports increased by 81% against the previous year. Over the period under review, imports reached the maximum at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, electro-magnetic coupling imports reduced to $X in 2022. Over the period under review, imports showed a abrupt decrease. The growth pace was the most rapid in 2018 when imports increased by 83%. 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 tons) constituted the largest supplier of electro-magnetic coupling to Angola, with a 58% share of total imports. Moreover, electro-magnetic coupling imports from Portugal exceeded the figures recorded by the second-largest supplier, China (X tons), sixfold. The third position in this ranking was taken by Namibia (X kg), with a 5.6% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Portugal totaled -18.2%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-16.5% per year) and Namibia (+47.0% per year).

In value terms, Portugal ($X), Germany ($X) and Switzerland ($X) constituted the largest electro-magnetic coupling suppliers to Angola, together comprising 46% of total imports. South Africa, China, Norway, Brazil, the UK, the United Arab Emirates, Spain, Namibia, the United States and France lagged somewhat behind, together accounting for a further 41%.

Namibia, with a CAGR of +31.8%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers 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 electro-magnetic coupling import price amounted to $X per ton, with an increase of 15% against the previous year. Overall, import price indicated a pronounced expansion from 2012 to 2022: its price increased at an average annual rate of +2.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, electro-magnetic coupling import price decreased by -9.8% against 2020 indices. The growth pace was the most rapid in 2020 when the average import price increased by 42%. The import price peaked at $X per ton in 2016; however, from 2017 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 Switzerland ($X per ton), while the price for Namibia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+10.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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