Angola: Interchangeable Spanner Socket Market 2025

Interchangeable Spanner Socket Market Size in Angola

The Angolan interchangeable spanner socket market reduced remarkably to $X in 2022, which is down by -24.8% 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 faced a abrupt shrinkage. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Interchangeable Spanner Socket Exports

Exports from Angola

In 2022, approx. X tons of interchangeable spanner sockets were exported from Angola; picking up by 34% on 2021 figures. In general, exports enjoyed a prominent increase. The growth pace was the most rapid in 2014 when exports increased by 1,101%. Over the period under review, the exports hit record highs at X tons in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

In value terms, interchangeable spanner socket exports fell to $X in 2022. Overall, exports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 when exports increased by 913%. The exports peaked at $X in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

Exports by Country

The UK (X kg) was the main destination for interchangeable spanner socket exports from Angola, accounting for a 55% share of total exports. Moreover, interchangeable spanner socket exports to the UK exceeded the volume sent to the second major destination, Norway (X kg), twofold.

From 2012 to 2022, the average annual rate of growth in terms of volume to the UK was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Norway (0.0% per year) and Germany (0.0% per year).

In value terms, the largest markets for interchangeable spanner socket exported from Angola were Germany ($X), the UK ($X) and Norway ($X), with a combined 63% share of total exports.

The UK, with a CAGR of 0.0%, 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

The average interchangeable spanner socket export price stood at $X per ton in 2022, reducing by -31.1% against the previous year. Overall, the export price recorded a abrupt decrease. The pace of growth appeared the most rapid in 2020 an increase of 250%. The export price peaked at $X per ton in 2018; however, from 2019 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 Germany ($X per ton), while the average price for exports to the UK ($X per ton) 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 (+54.7%).

Interchangeable Spanner Socket Imports

Imports into Angola

Interchangeable spanner socket imports into Angola contracted rapidly to X tons in 2022, waning by -24.1% compared with the previous year's figure. Over the period under review, imports faced a dramatic slump. The growth pace was the most rapid in 2021 with an increase of 149%. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, interchangeable spanner socket imports plummeted to $X in 2022. Overall, imports saw a deep contraction. The most prominent rate of growth was recorded in 2019 with an increase of 104% against the previous year. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of interchangeable spanner socket to Angola, with a 61% share of total imports. Moreover, interchangeable spanner socket imports from China exceeded the figures recorded by the second-largest supplier, Portugal (X tons), fivefold. The UK (X tons) ranked third in terms of total imports with a 5.3% share.

From 2012 to 2022, the average annual growth rate of volume from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Portugal (-9.2% per year) and the UK (+0.2% per year).

In value terms, the largest interchangeable spanner socket suppliers to Angola were China ($X), the UK ($X) and Portugal ($X), together accounting for 58% of total imports.

In terms of the main suppliers, China, with a CAGR of +8.2%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average interchangeable spanner socket import price stood at $X per ton in 2022, standing approx. at the previous year. Overall, the import price, however, enjoyed resilient growth. The pace of growth was the most pronounced in 2016 an increase of 122% against the previous year. Over the period under review, average import prices reached the peak figure at $X per ton in 2020; however, from 2021 to 2022, import prices remained at a 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 France ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+28.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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