Angola: Magnetic Media Market 2024

Magnetic Media Market Size in Angola

The Angolan magnetic media market soared to $X in 2021, growing by 47% 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 sharp setback. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Magnetic Media Exports

Exports from Angola

After two years of decline, overseas shipments of magnetic media, not recorded, except cards with a magnetic stripe increased by 170% to X units in 2021. In general, exports, however, saw a deep reduction. The most prominent rate of growth was recorded in 2017 when exports increased by 448% against the previous year. The exports peaked at X units in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

In value terms, magnetic media exports surged to $X in 2021. Overall, exports, however, faced a significant curtailment. The pace of growth appeared the most rapid in 2017 with an increase of 507%. The exports peaked at $X in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

Exports by Country

The UK (X units), Cote d'Ivoire (X units) and Cuba (X units) were the main destinations of magnetic media exports from Angola, together comprising 70% of total exports. These countries were followed by Germany, the United Arab Emirates, Denmark, China, Portugal and Sao Tome and Principe, which together accounted for a further 30%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Denmark (with a CAGR of +10.5%), while the other leaders experienced more modest paces of growth.

In value terms, the UK ($X) remains the key foreign market for magnetic media, not recorded, except cards with a magnetic stripe exports from Angola, comprising 91% of total exports. The second position in the ranking was held by Portugal ($X), with a 2.9% share of total exports. It was followed by Denmark, with a 2% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the UK amounted to -23.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Portugal (-21.7% per year) and Denmark (-11.2% per year).

Export Prices by Country

In 2021, the average magnetic media export price amounted to $X per unit, with an increase of 12% against the previous year. Overall, the export price, however, recorded a abrupt slump. The pace of growth appeared the most rapid in 2014 when the average export price increased by 75%. The export price peaked at $X per unit in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the UK ($X per unit), while the average price for exports to Cuba (less than $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 Mozambique (+47.4%), while the prices for the other major destinations experienced more modest paces of growth.

Magnetic Media Imports

Imports into Angola

After three years of decline, purchases abroad of magnetic media, not recorded, except cards with a magnetic stripe increased by 57% to X units in 2021. Overall, imports, however, continue to indicate a dramatic decrease. The growth pace was the most rapid in 2017 with an increase of 242% against the previous year. Imports peaked at X units in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, magnetic media imports skyrocketed to $X in 2021. Over the period under review, imports, however, continue to indicate a significant curtailment. The growth pace was the most rapid in 2017 with an increase of 1,302% against the previous year. Imports peaked at $X in 2013; however, from 2014 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, South Korea (X units) constituted the largest magnetic media supplier to Angola, with a 31% share of total imports. Moreover, magnetic media imports from South Korea exceeded the figures recorded by the second-largest supplier, Portugal (X units), fourfold. The third position in this ranking was taken by the UK (X units), with a 4.2% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from South Korea amounted to +36.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Portugal (-36.1% per year) and the UK (-16.8% per year).

In value terms, South Korea ($X) constituted the largest supplier of magnetic media, not recorded, except cards with a magnetic stripe to Angola, comprising 33% of total imports. The second position in the ranking was taken by Portugal ($X), with an 8.9% share of total imports. It was followed by the UK, with a 4.5% share.

From 2012 to 2021, the average annual growth rate of value from South Korea stood at +47.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Portugal (-28.5% per year) and the UK (-24.8% per year).

Import Prices by Country

The average magnetic media import price stood at $X per unit in 2021, dropping by -2.6% against the previous year. In general, the import price, however, saw a significant increase. The most prominent rate of growth was recorded in 2017 when the average import price increased by 310%. The import price peaked at $X per unit in 2018; however, from 2019 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Belgium ($X per unit), while the price for Singapore ($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 (+44.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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