Report Update Nov 1, 2024

Angola - Lifting Equipment - Market Analysis, Forecast, Size, Trends and Insights

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Angola: Lifting Equipment Market 2024

Lifting Equipment Market Size in Angola

The Angolan lifting equipment market declined slightly to $X in 2021, leveling off at the previous year. Over the period under review, consumption showed a relatively flat trend pattern. Lifting equipment consumption peaked at $X in 2013; however, from 2014 to 2021, consumption remained at a lower figure.

Lifting Equipment Production in Angola

In value terms, lifting equipment production dropped slightly to $X in 2021 estimated in export price. Overall, production continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when the production volume increased by 14% against the previous year. As a result, production reached the peak level of $X. From 2019 to 2021, production growth failed to regain momentum.

Lifting Equipment Exports

Exports from Angola

Lifting equipment exports from Angola dropped rapidly to X units in 2021, with a decrease of -70% on 2020 figures. Overall, exports saw a deep setback. The most prominent rate of growth was recorded in 2020 when exports increased by 67% against the previous year. The exports peaked at X units in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

In value terms, lifting equipment exports contracted significantly to $X in 2021. In general, exports recorded a abrupt decline. The most prominent rate of growth was recorded in 2015 when exports increased by 100%. Over the period under review, the exports attained the maximum at $X in 2017; however, from 2018 to 2021, the exports remained at a lower figure.

Exports by Country

Italy (X units) was the main destination for lifting equipment exports from Angola, accounting for a approx. 67% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to Italy was relatively modest.

In value terms, Namibia ($X) remains the key foreign market for lifting equipment exports from Angola, comprising 91% of total exports. The second position in the ranking was taken by Portugal ($X), with a 4.4% share of total exports. It was followed by Italy, with a 1.7% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Namibia totaled +43.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Portugal (-6.4% per year) and Italy (-76.6% per year).

Export Prices by Country

In 2021, the average lifting equipment export price amounted to $X per unit, growing by 132% against the previous year. Over the period under review, the export price continues to indicate resilient growth. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

As there is only one major export destination, the average price level is determined by prices for Italy.

From 2013 to 2021, the rate of growth in terms of prices for France amounted to +44.5% per year.

Lifting Equipment Imports

Imports into Angola

After two years of growth, supplies from abroad of lifting equipment decreased by 0% to X units in 2021. Overall, imports saw a deep reduction. The most prominent rate of growth was recorded in 2020 when imports increased by 156%. Imports peaked at X units in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, lifting equipment imports fell markedly to $X in 2021. In general, imports continue to indicate a dramatic decrease. The pace of growth appeared the most rapid in 2019 with an increase of 96% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, the UK (X units) constituted the largest supplier of lifting equipment to Angola, accounting for a 57% share of total imports. Moreover, lifting equipment imports from the UK exceeded the figures recorded by the second-largest supplier, Uganda (X units), sevenfold. The third position in this ranking was held by India (X units), with an 8.7% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from the UK totaled +9.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Uganda (0.0% per year) and India (-4.4% per year).

In value terms, the UK ($X) constituted the largest supplier of lifting equipment to Angola, comprising 34% of total imports. The second position in the ranking was held by Uganda ($X), with a 5.7% share of total imports. It was followed by the United States, with a 2.9% share.

From 2012 to 2021, the average annual growth rate of value from the UK stood at -38.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Uganda (0.0% per year) and the United States (-29.0% per year).

Import Prices by Country

In 2021, the average lifting equipment import price amounted to $X per unit, shrinking by -46% against the previous year. Over the period under review, the import price continues to indicate a significant decline. The most prominent rate of growth was recorded in 2019 when the average import price increased by 31% against the previous year. Over the period under review, average import prices hit record highs at $X per unit in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belgium (+3.1%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for lifting equipment in the world?

The countries with the highest volumes of lifting equipment consumption in 2020 were China, the United States and India, with a combined 35% share of global consumption. These countries were followed by Italy, Japan, Germany, Brazil, Russia, Pakistan, Bangladesh, Indonesia, France and Ethiopia, which together accounted for a further 33%.

What are the largest producers of lifting equipment in the world?

The country with the largest volume of lifting equipment production was China, accounting for 21% of total volume. Moreover, lifting equipment production in China exceeded the figures recorded by the second-largest producer, the United States, twofold. The third position in this ranking was occupied by India, with a 7.1% share.

What are the leading suppliers of lifting equipment to Angola?

In value terms, Norway, the UK and Denmark constituted the largest lifting equipment suppliers to Angola, with a combined 68% share of total imports.

What are the leading importers of lifting equipment from Angola?

In value terms, the largest markets for lifting equipment exported from Angola were Namibia, Italy and Congo, together accounting for 100% of total exports.

What is the average export price for lifting equipment in Angola?

The average lifting equipment export price stood at $2,099 per unit in 2020, waning by -53.4% against the previous year.

What is the average import price for lifting equipment in Angola?

The average lifting equipment import price stood at $1,041 per unit in 2020, falling by -1.7% against the previous year.

This report provides an in-depth analysis of the lifting equipment market in Angola. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 28221470 - Lifting equipment (excluding overhead travelling cranes, t ower, transporter, gantry, portal, bridge or pedestal jib cranes, mobile lifting frames or straddle carriers, selfpropelled machinery)

Country coverage:

Angola

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Angola
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023