Angola: Market for Machines For Balancing Mechanical Parts 2025

Market Size for Machines For Balancing Mechanical Parts in Angola

The Angolan balancing mechanical parts machine market declined markedly to $X in 2021, dropping by -72.6% 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 showed a significant curtailment. As a result, consumption attained the peak level of $X. From 2015 to 2021, the growth of the market remained at a lower figure.

Exports of Machines For Balancing Mechanical Parts

Exports from Angola

In 2021, shipments abroad of machines for balancing mechanical parts decreased by -51.1% to X units, falling for the second consecutive year after three years of growth. Overall, exports, however, posted a prominent increase. The growth pace was the most rapid in 2019 when exports increased by 588% against the previous year. As a result, the exports attained the peak of X units. From 2020 to 2021, the growth of the exports remained at a lower figure.

In value terms, balancing mechanical parts machine exports shrank dramatically to $X in 2021. In general, exports, however, saw a resilient increase. The pace of growth was the most pronounced in 2019 with an increase of 380%. As a result, the exports reached the peak of $X. From 2020 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

France (X units), Brazil (X units) and the United Arab Emirates (X units) were the main destinations of balancing mechanical parts machine exports from Angola, with a combined 73% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by France (with a CAGR of +22.0%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for balancing mechanical parts machine exported from Angola were France ($X), Brazil ($X) and the UK ($X), with a combined 82% share of total exports. Norway, the Netherlands, Democratic Republic of the Congo, South Africa and the United Arab Emirates lagged somewhat behind, together comprising a further 15%.

The Netherlands, with a CAGR of +35.8%, recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average balancing mechanical parts machine export price amounted to $X per unit, with a decrease of -34.5% against the previous year. In general, the export price continues to indicate a pronounced reduction. The growth pace was the most rapid in 2020 when the average export price increased by 193% against the previous year. The export price peaked at $X per unit in 2014; however, from 2015 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was the UK ($X per unit), while the average price for exports to the United Arab Emirates ($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 (+16.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Machines For Balancing Mechanical Parts

Imports into Angola

In 2021, purchases abroad of machines for balancing mechanical parts decreased by -68.7% to X units, falling for the second consecutive year after two years of growth. Over the period under review, imports continue to indicate a precipitous slump. The most prominent rate of growth was recorded in 2019 when imports increased by 65% against the previous year. Imports peaked at X units in 2014; however, from 2015 to 2021, imports remained at a lower figure.

In value terms, balancing mechanical parts machine imports contracted sharply to $X in 2021. Overall, imports faced a precipitous curtailment. The most prominent rate of growth was recorded in 2014 when imports increased by 39% against the previous year. As a result, imports reached the peak of $X. From 2015 to 2021, the growth of imports remained at a lower figure.

Imports by Country

Italy (X units), China (X units) and Germany (X units) were the main suppliers of balancing mechanical parts machine imports to Angola, with a combined 55% share of total imports. Brazil, Lebanon, Portugal and the United States lagged somewhat behind, together accounting for a further 30%.

From 2012 to 2021, the biggest increases were recorded for Brazil (with a CAGR of +9.4%), while purchases for the other leaders experienced a decline.

In value terms, the largest balancing mechanical parts machine suppliers to Angola were Italy ($X), Germany ($X) and China ($X), with a combined 37% share of total imports.

Among the main suppliers, Germany, with a CAGR of -10.5%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

The average balancing mechanical parts machine import price stood at $X per unit in 2021, declining by -10.8% against the previous year. Over the period under review, the import price, however, enjoyed a strong expansion. The most prominent rate of growth was recorded in 2017 when the average import price increased by 102% against the previous year. As a result, import price attained the peak level of $X per unit. From 2018 to 2021, the average import prices remained at a lower figure.

Prices varied noticeably country of origin: the country with the highest price was Singapore ($X per unit), while the price for Lebanon ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+31.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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