Angola: Market for Industrial Sewing Machines (Non-Automatic) 2024

Market Size for Industrial Sewing Machines (Non-Automatic) in Angola

The Angolan industrial sewing machines (non-automatic) market declined markedly to $X in 2022, shrinking by -28.7% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption, however, saw a perceptible expansion. As a result, consumption reached the peak level of $X. From 2014 to 2022, the growth of the market remained at a lower figure.

Exports of Industrial Sewing Machines (Non-Automatic)

Exports from Angola

In 2022, after five years of growth, there was significant decline in overseas shipments of industrial sewing machines (non-automatic), when their volume decreased by -60% to X units. In general, exports, however, showed a slight increase. The pace of growth was the most pronounced in 2019 when exports increased by 63% against the previous year. Over the period under review, the exports reached the peak figure at X units in 2021, and then plummeted in the following year.

In value terms, industrial sewing machines (non-automatic) exports shrank dramatically to $X in 2022. Over the period under review, exports, however, posted a significant expansion. The pace of growth was the most pronounced in 2020 when exports increased by 239%. Over the period under review, the exports attained the maximum at $X in 2021, and then fell sharply in the following year.

Exports by Country

Cuba (X units), Sao Tome and Principe (X units) and South Africa (X units) were the main destinations of industrial sewing machines (non-automatic) exports from Angola, together comprising 50% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Cuba (with a CAGR of 0.0%), while the other leaders experienced more modest paces of growth.

In value terms, Portugal ($X) emerged as the key foreign market for industrial sewing machines (non-automatic) exports from Angola, comprising 33% of total exports. The second position in the ranking was taken by Sao Tome and Principe ($X), with a 16% share of total exports. It was followed by Cuba, with a 16% share.

From 2012 to 2022, the average annual growth rate of value to Portugal amounted to +23.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Sao Tome and Principe (+58.2% per year) and Cuba (+13.4% per year).

Export Prices by Country

The average industrial sewing machines (non-automatic) export price stood at $X per unit in 2022, surging by 74% against the previous year. In general, the export price showed a significant expansion. The growth pace was the most rapid in 2020 when the average export price increased by 239% against the previous year. Over the period under review, the average export prices hit record highs in 2022 and is likely to continue growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Portugal ($X per unit), while the average price for exports to the UK ($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 Australia (+2,194.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Industrial Sewing Machines (Non-Automatic)

Imports into Angola

In 2022, approx. X units of industrial sewing machines (non-automatic) were imported into Angola; declining by -34.7% on 2021 figures. In general, imports, however, saw a noticeable increase. The pace of growth appeared the most rapid in 2013 with an increase of 499%. As a result, imports reached the peak of X units. From 2014 to 2022, the growth of imports remained at a lower figure.

In value terms, industrial sewing machines (non-automatic) imports declined to $X in 2022. Over the period under review, imports, however, saw perceptible growth. The pace of growth appeared the most rapid in 2013 with an increase of 317%. Imports peaked at $X in 2015; however, from 2016 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Japan (X units) constituted the largest industrial sewing machines (non-automatic) supplier to Angola, with a 65% share of total imports. Moreover, industrial sewing machines (non-automatic) imports from Japan exceeded the figures recorded by the second-largest supplier, China (X units), fourfold. Portugal (X units) ranked third in terms of total imports with an 8.4% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Japan totaled +36.5%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+22.3% per year) and Portugal (+6.2% per year).

In value terms, Japan ($X) constituted the largest supplier of industrial sewing machines (non-automatic) to Angola, comprising 86% of total imports. The second position in the ranking was held by China ($X), with a 5.6% share of total imports. It was followed by Portugal, with a 1.9% share.

From 2012 to 2022, the average annual growth rate of value from Japan amounted to +28.9%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+4.6% per year) and Portugal (-20.0% per year).

Import Prices by Country

The average industrial sewing machines (non-automatic) import price stood at $X per unit in 2022, growing by 40% against the previous year. In general, the import price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 an increase of 96% against the previous year. Over the period under review, average import prices reached the maximum at $X per unit in 2016; however, from 2017 to 2022, import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (-1.3%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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