Angola: Market for Electro-Thermic Appliances Or Domestic Purposes 2022

Market Size for Electro-Thermic Appliances Or Domestic Purposes in Angola

The Angolan market for electro-thermic appliances or domestic purposes soared to $X in 2021, jumping by 51% 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, continues to indicate a relatively flat trend pattern. Over the period under review, the market attained the maximum level at $X in 2014; however, from 2015 to 2021, consumption failed to regain momentum.

Exports of Electro-Thermic Appliances Or Domestic Purposes

Exports from Angola

After three years of growth, shipments abroad of electro-thermic appliances or domestic purposes decreased by -41.2% to X units in 2021. Over the period under review, exports recorded a deep contraction. The pace of growth appeared the most rapid in 2018 when exports increased by 40% against the previous year. Over the period under review, the exports attained the maximum at X units in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, electro-thermic appliances or domestic purposes exports dropped markedly to $X in 2021. In general, exports recorded a abrupt descent. The most prominent rate of growth was recorded in 2016 when exports increased by 62%. As a result, the exports attained the peak of $X. From 2017 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Cuba (X units) was the main destination for electro-thermic appliances or domestic purposes exports from Angola, accounting for a 49% share of total exports. Moreover, electro-thermic appliances or domestic purposes exports to Cuba exceeded the volume sent to the second major destination, Portugal (X units), fivefold. Equatorial Guinea (X units) ranked third in terms of total exports with a 5% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Cuba was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Portugal (+3.5% per year) and Equatorial Guinea (0.0% per year).

In value terms, Cuba ($X) emerged as the key foreign market for electro-thermic appliances or domestic purposes exports from Angola, comprising 55% of total exports. The second position in the ranking was held by Portugal ($X), with an 11% share of total exports. It was followed by Democratic Republic of the Congo, with a 5.4% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Cuba was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Portugal (+7.7% per year) and Democratic Republic of the Congo (0.0% per year).

Export Prices by Country

The average export price for electro-thermic appliances or domestic purposes stood at $X per unit in 2021, which is down by -11.7% against the previous year. In general, the export price, however, enjoyed perceptible growth. The growth pace was the most rapid in 2016 an increase of 122%. As a result, the export price reached the peak level of $X per unit. From 2017 to 2021, the the average export prices remained at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was Sao Tome and Principe ($X per unit), while the average price for exports to Equatorial Guinea (less than $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 France (+88.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Electro-Thermic Appliances Or Domestic Purposes

Imports into Angola

Electro-thermic appliances or domestic purposes imports into Angola skyrocketed to X units in 2021, with an increase of 40% on the year before. In general, total imports indicated a temperate expansion from 2012 to 2021: its volume increased at an average annual rate of +2.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -12.0% against 2019 indices. The pace of growth appeared the most rapid in 2017 when imports increased by 94%. Over the period under review, imports attained the maximum at X units in 2019; however, from 2020 to 2021, imports failed to regain momentum.

In value terms, electro-thermic appliances or domestic purposes imports soared to $X in 2021. Overall, imports, however, saw a deep contraction. Over the period under review, imports reached the peak figure at $X in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, China (X units) constituted the largest supplier of electro-thermic appliances or domestic purposes to Angola, with a 80% share of total imports. Moreover, electro-thermic appliances or domestic purposes imports from China exceeded the figures recorded by the second-largest supplier, Portugal (X units), ninefold.

From 2012 to 2021, the average annual growth rate of volume from China totaled +13.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Portugal (-12.3% per year) and South Africa (+6.4% per year).

In value terms, China ($X) constituted the largest supplier of electro-thermic appliances or domestic purposes to Angola, comprising 56% of total imports. The second position in the ranking was held by Portugal ($X), with a 20% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from China stood at +6.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Portugal (-15.2% per year) and South Africa (+2.6% per year).

Import Prices by Country

The average import price for electro-thermic appliances or domestic purposes stood at $X per unit in 2021, picking up by 4.8% against the previous year. In general, the import price, however, recorded a deep reduction. The pace of growth was the most pronounced in 2016 an increase of 86%. Over the period under review, average import prices reached the peak figure at $X per unit in 2013; however, from 2014 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Portugal ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Portugal (-3.3%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :