Angola: Electronic Chip Market 2024

Electronic Chip Market Size in Angola

In 2021, the Angolan electronic chip market decreased by -24.6% to $X, falling for the second consecutive year after two years of growth. Overall, consumption saw a abrupt decrease. Electronic chip consumption peaked at $X in 2015; however, from 2016 to 2021, consumption remained at a lower figure.

Electronic Chip Exports

Exports from Angola

In 2021, the amount of electronic chips exported from Angola fell significantly to X units, with a decrease of -76.6% on the previous year's figure. In general, exports saw a deep contraction. The pace of growth was the most pronounced in 2016 with an increase of 129%. As a result, the exports reached the peak of X units. From 2017 to 2021, the growth of the exports failed to regain momentum.

In value terms, electronic chip exports contracted remarkably to $X in 2021. Overall, exports showed a abrupt curtailment. The pace of growth appeared the most rapid in 2017 when exports increased by 98%. As a result, the exports attained the peak of $X. From 2018 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

China (X units), Portugal (X units) and Malaysia (X units) were the main destinations of electronic chip exports from Angola, together accounting for 77% of total exports. Sao Tome and Principe, the Netherlands, Spain, South Africa, the United Arab Emirates and Democratic Republic of the Congo lagged somewhat behind, together comprising a further 21%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Spain (with a CAGR of +65.4%), while the other leaders experienced more modest paces of growth.

In value terms, Malaysia ($X), China ($X) and the Netherlands ($X) constituted the largest markets for electronic chip exported from Angola worldwide, with a combined 52% share of total exports. Spain, Portugal, South Africa, Sao Tome and Principe, the United Arab Emirates and Democratic Republic of the Congo lagged somewhat behind, together accounting for a further 22%.

Among the main countries of destination, Spain, with a CAGR of +65.3%, recorded the highest growth rate of 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 2021, the average electronic chip export price amounted to $X per unit, picking up by 82% against the previous year. In general, the export price posted strong growth. The most prominent rate of growth was recorded in 2017 an increase of 190% against the previous year. Over the period under review, the average export prices reached the maximum 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 Spain ($X per unit), while the average price for exports to the United Arab Emirates (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 Democratic Republic of the Congo (+88.1%), while the prices for the other major destinations experienced more modest paces of growth.

Electronic Chip Imports

Imports into Angola

In 2021, approx. X units of electronic chips were imported into Angola; which is down by -48.1% against 2020 figures. Overall, imports continue to indicate a deep downturn. The pace of growth was the most pronounced in 2014 with an increase of 16% against the previous year. Over the period under review, imports attained the peak figure at X units in 2015; however, from 2016 to 2021, imports failed to regain momentum.

In value terms, electronic chip imports reduced dramatically to $X in 2021. In general, imports faced a abrupt setback. The pace of growth was the most pronounced in 2015 with an increase of 25%. As a result, imports reached the peak of $X. From 2016 to 2021, the growth of imports failed to regain momentum.

Imports by Country

In 2021, Portugal (X units) constituted the largest supplier of electronic chip to Angola, with a 67% share of total imports. Moreover, electronic chip imports from Portugal exceeded the figures recorded by the second-largest supplier, China (X units), sixfold. The third position in this ranking was taken by Hungary (X units), with a 7.3% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Portugal totaled -8.9%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+2.3% per year) and Hungary (+67.2% per year).

In value terms, Portugal ($X) constituted the largest supplier of electronic chips to Angola, comprising 35% of total imports. The second position in the ranking was taken by China ($X), with a 4.3% share of total imports. It was followed by South Africa, with a 3.7% share.

From 2012 to 2021, the average annual growth rate of value from Portugal totaled -6.5%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+9.5% per year) and South Africa (-16.2% per year).

Import Prices by Country

The average electronic chip import price stood at $X per unit in 2021, jumping by 63% against the previous year. Over the period under review, the import price saw a prominent increase. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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 Netherlands ($X per unit), while the price for Hungary ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+28.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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