Angola: Luggage Market 2024

Luggage Market Size in Angola

The Angolan luggage market surged to $X in 2021, with an increase of 16% against the previous year. Over the period under review, consumption continues to indicate a slight slump. As a result, consumption attained the peak level of $X. From 2015 to 2021, the growth of the market remained at a lower figure.

Luggage Production in Angola

In value terms, luggage production fell markedly to $X in 2021 estimated in export price. In general, production, however, showed a strong expansion. The growth pace was the most rapid in 2020 when the production volume increased by 401% against the previous year. Over the period under review, production reached the maximum level at $X in 2016; however, from 2017 to 2021, production remained at a lower figure.

Luggage Exports

Exports from Angola

In 2021, overseas shipments of luggage and handbags increased by 26% to X tons for the first time since 2018, thus ending a two-year declining trend. Over the period under review, exports showed a prominent increase. The growth pace was the most rapid in 2018 with an increase of 119%. As a result, the exports reached the peak of X tons. From 2019 to 2021, the growth of the exports remained at a lower figure.

In value terms, luggage exports shrank to $X in 2021. Overall, exports showed strong growth. The pace of growth appeared the most rapid in 2013 when exports increased by 86% against the previous year. The exports peaked at $X in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

Exports by Country

Democratic Republic of the Congo (X tons) was the main destination for luggage exports from Angola, accounting for a 33% share of total exports. Moreover, luggage exports to Democratic Republic of the Congo exceeded the volume sent to the second major destination, Sao Tome and Principe (X kg), fourfold. France (X kg) ranked third in terms of total exports with an 8% share.

From 2012 to 2021, the average annual growth rate of volume to Democratic Republic of the Congo totaled +15.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Sao Tome and Principe (+34.3% per year) and France (+6.3% per year).

In value terms, the largest markets for luggage exported from Angola were Democratic Republic of the Congo ($X), France ($X) and the United States ($X), together comprising 37% of total exports. South Africa, Portugal, the UK, Sao Tome and Principe, Cameroon, Australia, Namibia, Tanzania and Costa Rica lagged somewhat behind, together comprising a further 32%.

In terms of the main countries of destination, Australia, with a CAGR of +67.7%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average luggage export price stood at $X per ton in 2021, shrinking by -21.9% against the previous year. Overall, the export price recorded a abrupt decline. The most prominent rate of growth was recorded in 2017 when the average export price increased by 39% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the UK ($X per ton), while the average price for exports to Tanzania ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Australia (+0.4%), while the prices for the other major destinations experienced mixed trend patterns.

Luggage Imports

Imports into Angola

In 2021, after two years of decline, there was significant growth in purchases abroad of luggage and handbags, when their volume increased by 37% to X tons. Overall, imports, however, recorded a abrupt setback. The most prominent rate of growth was recorded in 2018 with an increase of 107%. Over the period under review, imports attained the peak figure at X tons in 2014; however, from 2015 to 2021, imports failed to regain momentum.

In value terms, luggage imports skyrocketed to $X in 2021. Over the period under review, imports, however, continue to indicate a perceptible decrease. The pace of growth appeared the most rapid in 2018 when imports increased by 87%. Over the period under review, imports hit record highs at $X in 2014; however, from 2015 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, China (X tons) constituted the largest luggage supplier to Angola, accounting for a 61% share of total imports. Moreover, luggage imports from China exceeded the figures recorded by the second-largest supplier, Lithuania (X tons), threefold. The third position in this ranking was held by Chile (X tons), with a 5.7% share.

From 2012 to 2021, the average annual growth rate of volume from China totaled -8.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Lithuania (+79.9% per year) and Chile (+29.7% per year).

In value terms, Chile ($X), Portugal ($X) and China ($X) appeared to be the largest luggage suppliers to Angola, with a combined 59% share of total imports. Lithuania, the United States and the United Arab Emirates lagged somewhat behind, together comprising a further 5.2%.

Lithuania, with a CAGR of +71.9%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average luggage import price stood at $X per ton in 2021, surging by 33% against the previous year. In general, import price indicated buoyant growth from 2012 to 2021: its price increased at an average annual rate of +6.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, luggage import price increased by +62.2% against 2018 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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 Portugal ($X per ton), while the price for Lithuania ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Chile (+26.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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