Angola: Market for Lifts, Elevators, Moving Stairways and Draglines 2024

Market Size for Lifts, Elevators, Moving Stairways and Draglines in Angola

The Angolan market for lifts, elevators, moving stairways and draglines soared to $X in 2022, increasing by 53% against the previous year. Over the period under review, consumption posted a prominent expansion. Lift, elevator, stairway and dragline consumption peaked in 2022 and is likely to continue growth in the immediate term.

Production of Lifts, Elevators, Moving Stairways and Draglines in Angola

In value terms, lift, elevator, stairway and dragline production skyrocketed to $X in 2022 estimated in export price. Overall, production enjoyed strong growth. The most prominent rate of growth was recorded in 2020 with an increase of 115% against the previous year. As a result, production reached the peak level of $X. From 2021 to 2022, production growth remained at a somewhat lower figure.

Exports of Lifts, Elevators, Moving Stairways and Draglines

Exports from Angola

In 2022, shipments abroad of lifts, elevators, moving stairways and draglines decreased by -18.2% to X units for the first time since 2017, thus ending a four-year declining trend. In general, exports showed a abrupt descent. The most prominent rate of growth was recorded in 2017 when exports increased by 307%. As a result, the exports reached the peak of X units. From 2018 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, lift, elevator, stairway and dragline exports surged to $X in 2022. Overall, exports recorded a perceptible downturn. The exports peaked at $X in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

Exports by Country

The UK (X units) was the main destination for lift, elevator, stairway and dragline exports from Angola, accounting for a 44% share of total exports. Moreover, lift, elevator, stairway and dragline exports to the UK exceeded the volume sent to the second major destination, Namibia (X units), fourfold. Portugal (X units) ranked third in terms of total exports with an 11% share.

From 2012 to 2022, the average annual growth rate of volume to the UK stood at +14.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Namibia (0.0% per year) and Portugal (0.0% per year).

In value terms, the UK ($X) remains the key foreign market for lifts, elevators, moving stairways and draglines exports from Angola, comprising 66% of total exports. The second position in the ranking was held by Portugal ($X), with a 20% share of total exports. It was followed by Namibia, with a 9.8% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the UK amounted to +17.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Portugal (+41.8% per year) and Namibia (+46.6% per year).

Export Prices by Country

In 2022, the average export price for lifts, elevators, moving stairways and draglines amounted to $X per unit, increasing by 465% against the previous year. In general, the export price recorded a relatively flat trend pattern. The export price peaked at $X per unit in 2016; however, from 2017 to 2022, the export prices remained at a 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 Portugal ($X per unit), while the average price for exports to the Netherlands ($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 Namibia (+46.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Lifts, Elevators, Moving Stairways and Draglines

Imports into Angola

In 2022, purchases abroad of lifts, elevators, moving stairways and draglines increased by 230% to X units, rising for the second year in a row after two years of decline. Over the period under review, imports, however, showed a relatively flat trend pattern. Over the period under review, imports attained the peak figure at X units in 2013; however, from 2014 to 2022, imports remained at a lower figure.

In value terms, lift, elevator, stairway and dragline imports skyrocketed to $X in 2022. Overall, imports, however, recorded a abrupt slump. Over the period under review, imports attained the peak figure at $X in 2013; however, from 2014 to 2022, imports remained at a lower figure.

Imports by Country

The UK (X units), China (X units) and Portugal (X units) were the main suppliers of lift, elevator, stairway and dragline imports to Angola, together accounting for 65% of total imports. Belgium, Japan, the Netherlands, Israel and Spain lagged somewhat behind, together accounting for a further 25%.

From 2012 to 2022, the biggest increases were recorded for Israel (with a CAGR of +41.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Portugal ($X) and Belgium ($X) were the largest lift, elevator, stairway and dragline suppliers to Angola, with a combined 55% share of total imports. Japan, the UK, the Netherlands, Israel and Spain lagged somewhat behind, together comprising a further 22%.

Among the main suppliers, Israel, with a CAGR of +54.3%, saw 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

In 2022, the average import price for lifts, elevators, moving stairways and draglines amounted to $X per unit, with a decrease of -30.5% against the previous year. Over the period under review, the import price continues to indicate a deep contraction. The pace of growth was the most pronounced in 2018 an increase of 54%. The import price peaked at $X per unit in 2013; however, from 2014 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 the Netherlands ($X per unit), while the price for the UK ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Israel (+8.8%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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