Angola: Market for Machine-Tools For Working Wood 2024

Market Size for Machine-Tools For Working Wood in Angola

The Angolan machine-tool for working wood market surged to $X in 2021, increasing by 150% 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, however, saw a deep downturn. Machine-tool for working wood consumption peaked at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Exports of Machine-Tools For Working Wood

Exports from Angola

In 2021, the amount of machine-tools for working wood exported from Angola fell notably to X tons, which is down by -66.4% against 2020 figures. In general, exports, however, posted a prominent expansion. The growth pace was the most rapid in 2016 when exports increased by 297%. Over the period under review, the exports reached the peak figure at X tons in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

In value terms, machine-tool for working wood exports fell remarkably to $X in 2021. Over the period under review, exports, however, recorded a significant expansion. The pace of growth was the most pronounced in 2016 when exports increased by 275% against the previous year. The exports peaked at $X in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Namibia (X tons), Democratic Republic of the Congo (X tons) and Portugal (X kg) were the main destinations of machine-tool for working wood exports from Angola, with a combined 93% share of total exports.

From 2012 to 2021, the biggest increases were recorded for Namibia (with a CAGR of +102.4%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Namibia ($X) emerged as the key foreign market for machine-tools for working wood exports from Angola, comprising 49% of total exports. The second position in the ranking was taken by Democratic Republic of the Congo ($X), with a 20% share of total exports. It was followed by Portugal, with a 19% share.

From 2012 to 2021, the average annual growth rate of value to Namibia stood at +95.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Democratic Republic of the Congo (+15.6% per year) and Portugal (+20.6% per year).

Export Prices by Country

In 2021, the average machine-tool for working wood export price amounted to $X per ton, with an increase of 33% against the previous year. In general, the export price recorded a perceptible increase. The growth pace was the most rapid in 2015 when the average export price increased by 175%. As a result, the export price reached the peak level of $X per ton. From 2016 to 2021, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Belgium ($X per ton), while the average price for exports to Democratic Republic of the Congo ($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 Belgium (+195.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Machine-Tools For Working Wood

Imports into Angola

In 2021, approx. X tons of machine-tools for working wood were imported into Angola; with an increase of 177% compared with the previous year. Overall, imports, however, faced a deep setback. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, machine-tool for working wood imports surged to $X in 2021. In general, imports, however, continue to indicate a abrupt downturn. The pace of growth was the most pronounced in 2019 when imports increased by 118% against the previous year. Over the period under review, imports reached the peak figure at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of machine-tool for working wood to Angola, accounting for a 44% share of total imports. Moreover, machine-tool for working wood imports from China exceeded the figures recorded by the second-largest supplier, Portugal (X tons), fourfold. The third position in this ranking was taken by India (X tons), with a 3.5% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China totaled -17.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Portugal (-24.0% per year) and India (-6.8% per year).

In value terms, China ($X), Portugal ($X) and Italy ($X) appeared to be the largest machine-tool for working wood suppliers to Angola, with a combined 54% share of total imports.

Italy, with a CAGR of +12.9%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

In 2021, the average machine-tool for working wood import price amounted to $X per ton, shrinking by -24.6% against the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 an increase of 30%. As a result, import price reached the peak level of $X per ton. From 2019 to 2021, the average import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Portugal (+9.0%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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