Report Update Nov 1, 2024

Angola - Furniture Designed to Receive Refrigerating or Freezing Equipment - Market Analysis, Forecast, Size, Trends and Insights

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Angola: Refrigerator Or Freezer Market 2024

Refrigerator Or Freezer Market Size in Angola

In 2022, after two years of decline, there was significant growth in the Angolan refrigerator or freezer market, when its value increased by 12% to $X. Overall, consumption saw a abrupt contraction. Over the period under review, the market attained the peak level at $X in 2014; however, from 2015 to 2022, consumption stood at a somewhat lower figure.

Refrigerator Or Freezer Exports

Exports from Angola

After three years of decline, overseas shipments of furniture designed to receive refrigerating or freezing equipment decreased by 0% to X units in 2020. Over the period under review, exports recorded a abrupt curtailment. The pace of growth appeared the most rapid in 2016 when exports increased by 565% against the previous year. Over the period under review, the exports reached the maximum at X units in 2012; however, from 2013 to 2020, the exports stood at a somewhat lower figure.

In value terms, refrigerator or freezer exports totaled $X in 2020. Overall, exports faced a abrupt downturn. The pace of growth appeared the most rapid in 2016 when exports increased by 319%. Over the period under review, the exports reached the peak figure at $X in 2012; however, from 2013 to 2020, the exports failed to regain momentum.

Exports by Country

Democratic Republic of the Congo (X units) was the main destination for refrigerator or freezer exports from Angola, with a approx. 100% share of total exports.

From 2012 to 2020, the average annual growth rate of volume to Democratic Republic of the Congo stood at +44.2%.

From 2012 to 2020, the average annual rate of growth in terms of value to Democratic Republic of the Congo totaled +31.3%.

Export Prices by Country

The average refrigerator or freezer export price stood at $X per unit in 2020, standing approx. at the previous year. Overall, the export price faced a deep downturn. The pace of growth appeared the most rapid in 2017 an increase of 5.4% against the previous year. Over the period under review, the average export prices hit record highs at $X per unit in 2015; however, from 2016 to 2020, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for Democratic Republic of the Congo.

From 2012 to 2020, the rate of growth in terms of prices for Democratic Republic of the Congo amounted to -9.0% per year.

Refrigerator Or Freezer Imports

Imports into Angola

In 2022, imports of furniture designed to receive refrigerating or freezing equipment into Angola fell to X units, which is down by -7.5% compared with the previous year. Overall, imports showed a deep contraction. The growth pace was the most rapid in 2013 when imports increased by 152%. Over the period under review, imports hit record highs at X units in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

In value terms, refrigerator or freezer imports soared to $X in 2022. Over the period under review, imports showed a abrupt downturn. The most prominent rate of growth was recorded in 2013 with an increase of 204% against the previous year. Imports peaked at $X in 2014; however, from 2015 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Lebanon (X units) constituted the largest supplier of refrigerator or freezer to Angola, accounting for a 45% share of total imports. Moreover, refrigerator or freezer imports from Lebanon exceeded the figures recorded by the second-largest supplier, Brazil (X units), threefold. Spain (X units) ranked third in terms of total imports with a 13% share.

From 2012 to 2022, the average annual growth rate of volume from Lebanon amounted to +34.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (+18.7% per year) and Spain (+17.2% per year).

In value terms, Spain ($X) constituted the largest supplier of furniture designed to receive refrigerating or freezing equipment to Angola, comprising 39% of total imports. The second position in the ranking was taken by Lebanon ($X), with a 19% share of total imports. It was followed by Brazil, with an 18% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Spain totaled +22.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Lebanon (+31.2% per year) and Brazil (+19.8% per year).

Import Prices by Country

The average refrigerator or freezer import price stood at $X per unit in 2022, surging by 35% against the previous year. In general, the import price recorded buoyant growth. The pace of growth was the most pronounced in 2019 when the average import price increased by 63%. As a result, import price reached the peak level of $X per unit. From 2020 to 2022, the average import prices remained at a somewhat 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 Spain ($X per unit), while the price for the United Arab Emirates ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+18.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for furniture designed to receive refrigerating or freezing equipment in the world?

China remains the largest refrigerator or freezer consuming country worldwide, accounting for 20% of total volume. Moreover, refrigerator or freezer consumption in China exceeded the figures recorded by the second-largest consumer, India, twofold. The United States ranked third in terms of total consumption with a 7.1% share.

What are the largest producers of furniture designed to receive refrigerating or freezing equipment in the world?

China remains the largest refrigerator or freezer producing country worldwide, comprising approx. 24% of total volume. Moreover, refrigerator or freezer production in China exceeded the figures recorded by the second-largest producer, India, threefold. The third position in this ranking was occupied by the United States, with a 5.8% share.

What are the leading suppliers of furniture designed to receive refrigerating or freezing equipment to Angola?

In value terms, the largest refrigerator or freezer suppliers to Angola were Spain, China and Lebanon, together comprising 64% of total imports. These countries were followed by Portugal, Namibia, South Africa and France, which together accounted for a further 22%.

What is the average export price for furniture designed to receive refrigerating or freezing equipment in Angola?

The average refrigerator or freezer export price stood at $3,591 per ton in 2020, leveling off at the previous year.

What is the average import price for furniture designed to receive refrigerating or freezing equipment in Angola?

The average refrigerator or freezer import price stood at $3,586 per ton in 2021, which is down by -24.7% against the previous year.

This report provides an in-depth analysis of the refrigerator or freezer market in Angola. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 28253030 - Furniture designed to receive refrigerating or freezing equipment (including evaporators, complete refrigerating units)

Country coverage:

Angola

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Angola
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023