Angola: Market for Lathes For Removing Metal 2024

Market Size for Lathes For Removing Metal in Angola

The Angolan lathe for removing metal market was finally on the rise to reach $X in 2021, after six years of decline. Over the period under review, consumption, however, recorded a deep setback. Over the period under review, the market reached the peak level at $X in 2014; however, from 2015 to 2021, consumption remained at a lower figure.

Exports of Lathes For Removing Metal

Exports from Angola

In 2021, the amount of lathes for removing metal exported from Angola amounted to X units, therefore, remained relatively stable against the year before. Overall, exports showed a relatively flat trend pattern. The growth pace was the most rapid in 2016 when exports increased by 233% against the previous year. Over the period under review, the lafor removing metal exports hit record highs at X units in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

In value terms, lathe for removing metal exports reduced notably to $X in 2021. In general, exports faced a dramatic setback. The most prominent rate of growth was recorded in 2020 with an increase of 75,183%. Over the period under review, the lafor removing metal exports reached the peak figure at $X in 2015; however, from 2016 to 2021, the exports failed to regain momentum.

Exports by Country

The United States (X units) and Belgium (X units) were the main destinations of lathe for removing metal exports from Angola.

From 2012 to 2021, the biggest increases were recorded for the United States (with a CAGR of 0.0%).

In value terms, the largest markets for lathe for removing metal exported from Angola were the United States ($X), Belgium ($X) and Portugal ($X), with a combined 100% share of total exports.

The United States, with a CAGR of 0.0%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average lathe for removing metal export price stood at $X per unit in 2021, with a decrease of -89.1% against the previous year. Over the period under review, the export price recorded a significant curtailment. The most prominent rate of growth was recorded in 2017 when the average export price increased by 2,137%. The export price peaked at $X per unit in 2015; however, from 2016 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Portugal ($X per unit), while the average price for exports to Belgium ($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 the Netherlands (+300.9%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Lathes For Removing Metal

Imports into Angola

In 2021, purchases abroad of lathes for removing metal increased by 22% to X units for the first time since 2014, thus ending a six-year declining trend. Overall, imports, however, showed a abrupt slump. The pace of growth appeared the most rapid in 2013 with an increase of 116% against the previous year. Imports peaked at X units in 2014; however, from 2015 to 2021, imports failed to regain momentum.

In value terms, lathe for removing metal imports rose markedly to $X in 2021. In general, imports, however, saw a abrupt downturn. The pace of growth was the most pronounced in 2013 with an increase of 257% against the previous year. Imports peaked at $X in 2014; however, from 2015 to 2021, imports remained at a lower figure.

Imports by Country

Taiwan (Chinese) (X units), Portugal (X units) and Denmark (X units) were the main suppliers of lathe for removing metal imports to Angola, together comprising 27% of total imports. These countries were followed by Spain, the UK, France, India, Lebanon, Hong Kong SAR, Israel, Namibia, China and South Korea, which together accounted for a further 30%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Spain (with a CAGR of +9.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, France ($X), Portugal ($X) and Taiwan (Chinese) ($X) constituted the largest lathe for removing metal suppliers to Angola, together comprising 32% of total imports. Spain, India, the UK, China, Lebanon, Denmark, Namibia, Hong Kong SAR, South Korea and Israel lagged somewhat behind, together accounting for a further 18%.

Denmark, with a CAGR of +65.0%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average lathe for removing metal import price amounted to $X per unit, dropping by -14.5% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.9%. The most prominent rate of growth was recorded in 2013 when the average import price increased by 65% 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 somewhat 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 France ($X per unit), while the price for Israel ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Lebanon (+21.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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