Angola: Household Sewing Machine Market 2024

Household Sewing Machine Market Size in Angola

In 2021, the Angolan household sewing machine market was finally on the rise to reach $X for the first time since 2018, thus ending a two-year declining trend. Over the period under review, consumption, however, continues to indicate a abrupt descent. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Household Sewing Machine Exports

Exports from Angola

In 2021, exports of household sewing machines from Angola dropped to X units, shrinking by -15% on 2020. Overall, exports, however, saw a significant increase. The most prominent rate of growth was recorded in 2014 with an increase of 135% against the previous year. Over the period under review, the exports attained the maximum at X units in 2020, and then contracted in the following year.

In value terms, household sewing machine exports declined to $X in 2021. Over the period under review, exports, however, showed significant growth. The pace of growth appeared the most rapid in 2013 when exports increased by 167%. Over the period under review, the exports attained the peak figure at $X in 2020, and then fell in the following year.

Exports by Country

Cuba (X units) was the main destination for household sewing machine exports from Angola, accounting for a 40% share of total exports. Moreover, household sewing machine exports to Cuba exceeded the volume sent to the second major destination, Democratic Republic of the Congo (X units), twofold. Guinea (X units) ranked third in terms of total exports with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Cuba stood at +28.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Democratic Republic of the Congo (+57.5% per year) and Guinea (+48.6% per year).

In value terms, Cuba ($X) remains the key foreign market for household sewing machines exports from Angola, comprising 45% of total exports. The second position in the ranking was taken by Guinea ($X), with a 13% share of total exports. It was followed by France, with a 6.3% share.

From 2012 to 2021, the average annual growth rate of value to Cuba totaled +34.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Guinea (+113.4% per year) and France (+31.1% per year).

Export Prices by Country

The average household sewing machine export price stood at $X per unit in 2021, rising by 9.2% against the previous year. Over the last nine-year period, it increased at an average annual rate of +4.2%. The most prominent rate of growth was recorded in 2020 an increase of 26%. The export price peaked in 2021 and is likely to continue growth in the near future.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Portugal ($X per unit), while the average price for exports to Democratic Republic of the Congo ($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 Zambia (+465.8%), while the prices for the other major destinations experienced more modest paces of growth.

Household Sewing Machine Imports

Imports into Angola

After two years of decline, supplies from abroad of household sewing machines increased by 208% to X units in 2021. Over the period under review, imports, however, showed a abrupt slump. Over the period under review, imports reached the maximum at X units in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, household sewing machine imports skyrocketed to $X in 2021. Overall, imports, however, recorded a pronounced slump. Imports peaked at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, China (X units) constituted the largest supplier of household sewing machine to Angola, accounting for a 54% share of total imports. Moreover, household sewing machine imports from China exceeded the figures recorded by the second-largest supplier, Thailand (X units), sixfold. The United Arab Emirates (X units) ranked third in terms of total imports with a 5.3% share.

From 2012 to 2021, the average annual growth rate of volume from China totaled -4.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (+18.8% per year) and the United Arab Emirates (-21.3% per year).

In value terms, China ($X) constituted the largest supplier of household sewing machines to Angola, comprising 61% of total imports. The second position in the ranking was taken by Thailand ($X), with a 10% share of total imports. It was followed by the United Arab Emirates, with a 5.9% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (+31.7% per year) and the United Arab Emirates (-17.9% per year).

Import Prices by Country

The average household sewing machine import price stood at $X per unit in 2021, picking up by 8.6% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +3.1%. The most prominent rate of growth was recorded in 2016 when the average import price increased by 43%. The import price peaked at $X per unit in 2018; however, from 2019 to 2021, import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the countries with the highest prices were Belgium ($X per unit) and Portugal ($X per unit), while the price for the United Arab Emirates ($X per unit) and China ($X per unit) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Thailand (+10.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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