Report Update Nov 1, 2024

Angola - Heat Pumps (Other Than Air Conditioning Machines) - Market Analysis, Forecast, Size, Trends and Insights

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Angola: Heat Pump Market 2024

Heat Pump Market Size in Angola

In 2021, the Angolan heat pump market decreased by -22.2% to $X, falling for the fourth consecutive year after two years of growth. Over the period under review, consumption showed a abrupt downturn. As a result, consumption attained the peak level of $X. From 2015 to 2021, the growth of the market failed to regain momentum.

Heat Pump Exports

Exports from Angola

In 2021, approx. less than X units of heat pumps (other than air conditioning machines) were exported from Angola; approximately equating the previous year. Overall, exports recorded a relatively flat trend pattern.

In value terms, heat pump exports totaled less than $X in 2021. Over the period under review, exports showed a relatively flat trend pattern.

Exports by Country

Democratic Republic of the Congo (X units) and Nigeria (X units) were the main destinations of heat pump exports from Angola. Moreover, heat pump exports in Democratic Republic of the Congo exceeded the figures recorded by the second-largest exporter, Nigeria, threefold.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Nigeria (with a CAGR of 0.0%).

In value terms, Democratic Republic of the Congo ($X), Portugal ($X) and Nigeria ($X) constituted the largest markets for heat pump exported from Angola worldwide. Moreover, heat pump exports in Democratic Republic of the Congo exceeded the figures recorded by the second-largest exporter, Portugal, more than tenfold.

Among the main countries of destination, Nigeria, with a CAGR of 0.0%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

The average heat pump export price stood at less than $X per thousand units in 2021, almost unchanged from the previous year. Overall, the export price continues to indicate a relatively flat trend pattern.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Portugal ($X per thousand units), while the average price for exports to Nigeria ($X per thousand units) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Portugal (-13.6%), while the prices for the other major destinations experienced a decline.

Heat Pump Imports

Imports into Angola

In 2021, supplies from abroad of heat pumps (other than air conditioning machines) decreased by -27.9% to X units, falling for the fourth year in a row after two years of growth. In general, imports saw a deep reduction. The pace of growth was the most pronounced in 2014 when imports increased by 145% against the previous year. As a result, imports attained the peak of X units. From 2015 to 2021, the growth of imports remained at a lower figure.

In value terms, heat pump imports plummeted to $X in 2021. Over the period under review, imports faced a abrupt downturn. The most prominent rate of growth was recorded in 2014 with an increase of 73%. As a result, imports attained the peak of $X. From 2015 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2021, Portugal (X units) constituted the largest heat pump supplier to Angola, accounting for a 29% share of total imports. Moreover, heat pump imports from Portugal exceeded the figures recorded by the second-largest supplier, China (X units), threefold. The third position in this ranking was taken by the United Arab Emirates (X units), with a 5.9% share.

From 2012 to 2021, the average annual growth rate of volume from Portugal stood at -21.8%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-16.7% per year) and the United Arab Emirates (+0.5% per year).

In value terms, Portugal ($X), Spain ($X) and France ($X) appeared to be the largest heat pump suppliers to Angola, with a combined 40% share of total imports. These countries were followed by China, Italy, the United Arab Emirates and Belgium, which together accounted for a further 6.7%.

Among the main suppliers, Italy, with a CAGR of +3.3%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2021, the average heat pump import price amounted to $X per unit, growing by 17% against the previous year. Over the period under review, import price indicated notable growth from 2012 to 2021: its price increased at an average annual rate of +4.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, heat pump import price decreased by -6.6% against 2019 indices. The most prominent rate of growth was recorded in 2013 an increase of 114% against the previous year. As a result, import price attained the peak level of $X per unit. From 2014 to 2021, the average import prices remained at a lower figure.

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 Spain ($X per unit), while the price for the United Arab Emirates ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+22.6%), 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 heat pumps (other than air conditioning machines) in the world?

The countries with the highest volumes of heat pump consumption in 2020 were China, the United States and India, with a combined 46% share of global consumption. Japan, Indonesia, Mexico, Canada, Germany, Democratic Republic of the Congo, South Korea, France, Thailand and Italy lagged somewhat behind, together accounting for a further 30%.

What are the largest producers of heat pumps (other than air conditioning machines) in the world?

China remains the largest heat pump producing country worldwide, accounting for 30% of total volume. Moreover, heat pump 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 9.6% share.

What are the leading suppliers of heat pumps (other than air conditioning machines) to Angola?

In value terms, Spain, Portugal and Italy were the largest heat pump suppliers to Angola, together comprising 49% of total imports. These countries were followed by South Africa, France, the United Arab Emirates and Switzerland, which together accounted for a further 25%.

What are the leading importers of heat pumps (other than air conditioning machines) from Angola?

In value terms, Portugal remains the key foreign market for heat pump exports from Angola.

What is the average export price for heat pumps (other than air conditioning machines) in Angola?

The average heat pump export price stood at $327 per unit in 2020, with an increase of 19% against the previous year.

What is the average import price for heat pumps (other than air conditioning machines) in Angola?

In 2020, the average heat pump import price amounted to $1,097 per unit, waning by -24.7% against the previous year.

This report provides an in-depth analysis of the heat pump 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 28251380 - Heat pumps other than air conditioning machines of HS

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