Angola: Grinding Machine Market 2024

Grinding Machine Market Size in Angola

In 2021, after two years of decline, there was significant growth in the Angolan grinding machine market, when its value increased by 107% to $X. Over the period under review, consumption recorded pronounced growth. Over the period under review, the market reached the maximum level in 2021 and is expected to retain growth in the near future.

Grinding Machine Exports

Exports from Angola

Grinding machine exports from Angola fell to X units in 2021, declining by -5.7% compared with 2020 figures. Over the period under review, exports, however, continue to indicate a modest expansion. The growth pace was the most rapid in 2018 with an increase of 1,890% against the previous year. As a result, the exports attained the peak of X units. From 2019 to 2021, the growth of the exports failed to regain momentum.

In value terms, grinding machine exports reduced notably to $X in 2021. In general, exports showed a noticeable curtailment. The growth pace was the most rapid in 2020 when exports increased by 667%. The exports peaked at $X in 2016; however, from 2017 to 2021, the exports remained at a lower figure.

Exports by Country

Namibia (X units) was the main destination for grinding machine exports from Angola, with a 53% share of total exports. Moreover, grinding machine exports to Namibia exceeded the volume sent to the second major destination, Democratic Republic of the Congo (X units), twofold. Belgium (X units) ranked third in terms of total exports with a 12% share.

From 2012 to 2021, the average annual growth rate of volume to Namibia stood at +51.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Democratic Republic of the Congo (+82.7% per year) and Belgium (+34.1% per year).

In value terms, Nigeria ($X), Belgium ($X) and Namibia ($X) appeared to be the largest markets for grinding machine exported from Angola worldwide, together comprising 87% of total exports. These countries were followed by South Africa, Kenya, Portugal and Democratic Republic of the Congo, which together accounted for a further 11%.

Among the main countries of destination, South Africa, with a CAGR of +91.1%, recorded the highest rates of growth with regard to 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

In 2021, the average grinding machine export price amounted to $X per unit, waning by -21.9% against the previous year. In general, the export price continues to indicate a abrupt downturn. The pace of growth appeared the most rapid in 2016 an increase of 147%. As a result, the export price reached the peak level of $X per unit. From 2017 to 2021, the average export prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was Nigeria ($X per unit), while the average price for exports to Democratic Republic of the Congo ($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 South Africa (+54.8%), while the prices for the other major destinations experienced more modest paces of growth.

Grinding Machine Imports

Imports into Angola

In 2021, purchases abroad of machines having individual functions, for mixing, kneading, crushing or grinding was finally on the rise to reach X units after two years of decline. In general, imports saw a perceptible expansion. The pace of growth was the most pronounced in 2018 with an increase of 264% against the previous year. Over the period under review, imports attained the peak figure in 2021 and are expected to retain growth in years to come.

In value terms, grinding machine imports skyrocketed to $X in 2021. Over the period under review, imports saw buoyant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

China (X units), Jordan (X units) and Portugal (X units) were the main suppliers of grinding machine imports to Angola, with a combined 68% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Jordan (with a CAGR of +70.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Portugal ($X), China ($X) and the United States ($X) constituted the largest grinding machine suppliers to Angola, together comprising 46% of total imports. South Africa, the UK, Lebanon and Jordan lagged somewhat behind, together comprising a further 10%.

Jordan, with a CAGR of +47.3%, 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 more modest paces of growth.

Import Prices by Country

The average grinding machine import price stood at $X per unit in 2021, surging by 40% against the previous year. In general, import price indicated a temperate expansion from 2012 to 2021: its price increased at an average annual rate of +3.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, grinding machine import price increased by +57.5% against 2019 indices. The most prominent rate of growth was recorded in 2015 when the average import price increased by 76%. The import price peaked at $X per unit in 2017; however, from 2018 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+14.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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