Angola: Industrial Sewing Machine Market 2024

Industrial Sewing Machine Market Size in Angola

After two years of growth, the Angolan industrial sewing machine market decreased by -19.9% to $X in 2022. In general, consumption, however, enjoyed a tangible expansion. As a result, consumption reached the peak level of $X. From 2014 to 2022, the growth of the market remained at a somewhat lower figure.

Industrial Sewing Machine Exports

Exports from Angola

In 2022, the amount of industrial sewing machines exported from Angola contracted remarkably to X units, falling by -60% on 2021. Over the period under review, exports showed a noticeable descent. The most prominent rate of growth was recorded in 2015 when exports increased by 100% against the previous year. Over the period under review, the exports hit record highs at X units in 2021, and then dropped rapidly in the following year.

In value terms, industrial sewing machine exports declined sharply to $X in 2022. Overall, exports saw a noticeable decline. The pace of growth was the most pronounced in 2015 when exports increased by 491%. The exports peaked at $X in 2021, and then shrank dramatically 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 machine exports from Angola, with a combined 50% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Cuba (with a CAGR of 0.0%), while shipments for the other leaders experienced more modest paces of growth.

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

In 2022, the average industrial sewing machine export price amounted to $X per unit, surging by 73% against the previous year. In general, the export price recorded slight growth. The most prominent rate of growth was recorded in 2020 when the average export price increased by 217% against the previous year. The export price peaked in 2022 and is likely to see steady growth in the near future.

There were significant differences in the average prices for the major overseas markets. In 2022, 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.

Industrial Sewing Machine Imports

Imports into Angola

In 2022, supplies from abroad of industrial sewing machines decreased by -28.9% to X units for the first time since 2019, thus ending a two-year rising trend. Over the period under review, imports, however, recorded a temperate increase. The most prominent rate of growth was recorded in 2013 when imports increased by 413% against the previous year. As a result, imports attained the peak of X units. From 2014 to 2022, the growth of imports failed to regain momentum.

In value terms, industrial sewing machine imports shrank to $X in 2022. In general, imports, however, posted buoyant growth. The most prominent rate of growth was recorded in 2013 with an increase of 223% against the previous year. Over the period under review, imports hit record highs at $X in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Japan (X units), China (X units) and Portugal (X units) were the main suppliers of industrial sewing machine imports to Angola, with a combined 82% share of total imports. The United States, the United Arab Emirates, Germany, Turkey and India lagged somewhat behind, together comprising a further 14%.

From 2012 to 2022, the biggest increases were recorded for the United Arab Emirates (with a CAGR of +41.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest industrial sewing machine suppliers to Angola were China ($X), Japan ($X) and the United States ($X), with a combined 87% share of total imports. The United Arab Emirates, Portugal, Germany, Turkey and India lagged somewhat behind, together accounting for a further 11%.

Among the main suppliers, Germany, with a CAGR of +46.1%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average industrial sewing machine import price stood at $X per unit in 2022, rising by 25% against the previous year. Overall, import price indicated a notable increase from 2012 to 2022: its price increased at an average annual rate of +2.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, industrial sewing machine import price decreased by -5.8% against 2020 indices. The most prominent rate of growth was recorded in 2014 when the average import price increased by 90% against the previous year. The import price peaked at $X per unit in 2016; however, from 2017 to 2022, import prices stood 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 China ($X per unit), while the price for India ($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 (+22.3%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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