Angola: Multimeter Market 2025

Multimeter Market Size in Angola

In 2022, the Angolan multimeter market was finally on the rise to reach $X for the first time since 2019, thus ending a two-year declining trend. Overall, consumption continues to indicate a abrupt curtailment. Multimeter consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Multimeter Exports

Exports from Angola

Multimeter exports from Angola contracted dramatically to X units in 2022, waning by -33.6% compared with the year before. Over the period under review, exports, however, recorded a prominent expansion. The growth pace was the most rapid in 2021 with an increase of 589%. The exports peaked at X units in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

In value terms, multimeter exports shrank significantly to $X in 2022. Overall, exports, however, saw a prominent increase. The most prominent rate of growth was recorded in 2021 with an increase of 404% against the previous year. The exports peaked at $X in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

Exports by Country

The UK (X units) was the main destination for multimeter exports from Angola, accounting for a 75% share of total exports. Moreover, multimeter exports to the UK exceeded the volume sent to the second major destination, South Africa (X units), fivefold. The third position in this ranking was taken by Congo (X units), with a 6.3% share.

From 2012 to 2022, the average annual growth rate of volume to the UK totaled +35.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Africa (+9.8% per year) and Congo (+23.1% per year).

In value terms, the UK ($X) emerged as the key foreign market for multimeters exports from Angola, comprising 44% of total exports. The second position in the ranking was held by South Africa ($X), with an 8.9% share of total exports. It was followed by Congo, with a 4.8% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the UK totaled +12.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Africa (+14.4% per year) and Congo (+8.0% per year).

Export Prices by Country

The average multimeter export price stood at $X per unit in 2022, with a decrease of -9.9% against the previous year. In general, the export price saw a abrupt slump. The most prominent rate of growth was recorded in 2019 when the average export price increased by 90%. Over the period under review, the average export prices attained the maximum at $X per unit in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

Average prices varied somewhat for the major external markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Norway ($X per unit) and Congo ($X per unit), while the average price for exports to the UK ($X per unit) and South Africa ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (+41.8%), while the prices for the other major destinations experienced more modest paces of growth.

Multimeter Imports

Imports into Angola

For the third consecutive year, Angola recorded decline in purchases abroad of multimeters, which decreased by -6.9% to X units in 2022. Over the period under review, imports showed a deep setback. The most prominent rate of growth was recorded in 2019 when imports increased by 151% against the previous year. As a result, imports reached the peak of X units. From 2020 to 2022, the growth of imports failed to regain momentum.

In value terms, multimeter imports rose sharply to $X in 2022. In general, imports showed a deep setback. The growth pace was the most rapid in 2019 when imports increased by 74% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

Portugal (X units), China (X units) and the United Arab Emirates (X units) were the main suppliers of multimeter imports to Angola, with a combined 72% share of total imports. Ghana, the UK, India, Russia, the United States, Belgium, South Africa, France and Brazil lagged somewhat behind, together accounting for a further 22%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Ghana (with a CAGR of +67.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Portugal ($X), China ($X) and the UK ($X) constituted the largest multimeter suppliers to Angola, together accounting for 53% of total imports. Ghana, the United States, the United Arab Emirates, Russia, France, South Africa, India, Brazil and Belgium lagged somewhat behind, together comprising a further 35%.

Ghana, with a CAGR of +55.8%, recorded the highest rates of growth with regard to 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

In 2022, the average multimeter import price amounted to $X per unit, with an increase of 18% against the previous year. Overall, import price indicated a pronounced increase from 2012 to 2022: its price increased at an average annual rate of +4.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, multimeter import price increased by +84.2% against 2019 indices. The most prominent rate of growth was recorded in 2021 when the average import price increased by 36%. Over the period under review, average import prices hit record highs in 2022 and is expected to retain growth in years to come.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (+21.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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