Angola: Gear Box Market 2025

Gear Box Market Size in Angola

In 2022, the Angolan gear box market was finally on the rise to reach $X after two years of decline. Over the period under review, consumption, however, showed a deep slump. Over the period under review, the market hit record highs at $X in 2014; however, from 2015 to 2022, consumption failed to regain momentum.

Gear Box Exports

Exports from Angola

In 2022, shipments abroad of gear boxes increased by 90% to X units, rising for the fourth consecutive year after two years of decline. Overall, exports, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 with an increase of 149% against the previous year. Over the period under review, the exports attained the peak figure at X units in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, gear box exports dropped to $X in 2022. Over the period under review, exports, however, saw a abrupt descent. The growth pace was the most rapid in 2015 when exports increased by 85% against the previous year. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Portugal (X units) was the main destination for gear box exports from Angola, accounting for a 70% share of total exports. Moreover, gear box exports to Portugal exceeded the volume sent to the second major destination, Democratic Republic of the Congo (X units), fivefold. Namibia (X units) ranked third in terms of total exports with a 6% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Portugal amounted to +37.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Democratic Republic of the Congo (+52.8% per year) and Namibia (+12.7% per year).

In value terms, the largest markets for gear box exported from Angola were South Africa ($X), Portugal ($X) and Namibia ($X), with a combined 88% share of total exports.

Portugal, with a CAGR of +20.5%, saw the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average gear box export price amounted to $X per unit, dropping by -55.1% against the previous year. Over the period under review, the export price showed a deep downturn. The most prominent rate of growth was recorded in 2018 an increase of 175%. The export price peaked at $X per unit in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was South Africa ($X per unit), while the average price for exports to Sweden ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+1,662.3%), while the prices for the other major destinations experienced mixed trend patterns.

Gear Box Imports

Imports into Angola

In 2022, purchases abroad of gear boxes was finally on the rise to reach X units for the first time since 2019, thus ending a two-year declining trend. Overall, imports, however, continue to indicate a abrupt setback. The pace of growth appeared the most rapid in 2017 with an increase of 178% against the previous year. Over the period under review, imports attained the peak figure at X units in 2014; however, from 2015 to 2022, imports failed to regain momentum.

In value terms, gear box imports contracted modestly to $X in 2022. Over the period under review, imports, however, continue to indicate a abrupt descent. The pace of growth was the most pronounced in 2017 with an increase of 248%. Imports peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

The United Arab Emirates (X units), China (X units) and South Africa (X units) were the main suppliers of gear box imports to Angola, with a combined 72% share of total imports. Portugal, Belgium, Italy, Nigeria, Namibia, Japan, Germany, Sweden and the United States lagged somewhat behind, together comprising a further 22%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Nigeria (with a CAGR of +6.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, South Africa ($X), China ($X) and Portugal ($X) were the largest gear box suppliers to Angola, together comprising 69% of total imports. The United Arab Emirates, Belgium, Italy, Germany, Japan, Nigeria, the United States, Sweden and Namibia lagged somewhat behind, together comprising a further 20%.

Nigeria, with a CAGR of +8.3%, saw the highest rates of growth with regard to the value of imports, among 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 gear box import price amounted to $X per unit, which is down by -9.9% against the previous year. In general, the import price continues to indicate a mild shrinkage. The most prominent rate of growth was recorded in 2015 when the average import price increased by 45% against the previous year. The import price peaked at $X per unit in 2017; however, from 2018 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per unit), while the price for the United Arab Emirates ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+21.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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