Angola: Non-Electric Roasting Furnace Market 2024

Non-Electric Roasting Furnace Market Size in Angola

The Angolan non-electric roasting furnace market amounted to less than $X in 2022, leveling off at the previous year. Over the period under review, consumption saw a strong expansion. As a result, consumption attained the peak level of $X. From 2018 to 2022, the growth of the market remained at a somewhat lower figure.

Non-Electric Roasting Furnace Production in Angola

In value terms, non-electric roasting furnace production expanded notably to $X in 2022 estimated in export price. Over the period under review, production recorded measured growth. The growth pace was the most rapid in 2017 with an increase of 277% against the previous year. Non-electric roasting furnace production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Non-Electric Roasting Furnace Exports

Exports from Angola

In 2019, the amount of non-electric furnaces and ovens for the roasting or melting exported from Angola stood at less than X units, approximately equating the previous year's figure. In general, exports saw a precipitous slump. The smallest decline of -28.6% was in 2016. The exports peaked at X units in 2015; however, from 2016 to 2019, the exports failed to regain momentum.

In value terms, non-electric roasting furnace exports totaled $X in 2019. Overall, exports recorded a dramatic decrease. The smallest decline of -70.1% was in 2016. Over the period under review, the exports attained the maximum at $X in 2015; however, from 2016 to 2019, the exports failed to regain momentum.

Exports by Country

The United States (X units) was the main destination for non-electric roasting furnace exports from Angola, with a approx. 100% share of total exports.

From 2015 to 2017, the average annual rate of growth in terms of volume to the United States was relatively modest.

In value terms, the United States ($X) emerged as the key foreign market for non-electric furnaces and ovens for the roasting or melting exports from Angola.

From 2015 to 2017, the average annual rate of growth in terms of value to the United States was relatively modest.

Export Prices by Country

The average non-electric roasting furnace export price stood at $X per unit in 2017, surging by 19% against the previous year. Over the period under review, the export price, however, recorded a sharp setback. Over the period under review, the average export prices hit record highs at $X per unit in 2015; however, from 2016 to 2017, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for the United States.

From 2015 to 2017, the rate of growth in terms of prices for the United States amounted to 0.0% per year.

Non-Electric Roasting Furnace Imports

Imports into Angola

In 2022, overseas purchases of non-electric furnaces and ovens for the roasting or melting increased by 11% to X units, rising for the second year in a row after four years of decline. Overall, imports recorded a pronounced increase. The most prominent rate of growth was recorded in 2015 with an increase of 400%. Over the period under review, imports hit record highs at X units in 2016; however, from 2017 to 2022, imports remained at a lower figure.

In value terms, non-electric roasting furnace imports contracted modestly to $X in 2022. In general, imports posted a pronounced expansion. The growth pace was the most rapid in 2013 when imports increased by 2,910%. Over the period under review, imports reached the peak figure at $X in 2016; however, from 2017 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Brazil (X units) constituted the largest supplier of non-electric roasting furnace to Angola, with a 30% share of total imports. Moreover, non-electric roasting furnace imports from Brazil exceeded the figures recorded by the second-largest supplier, Vietnam (X units), sixfold. India (X units) ranked third in terms of total imports with a 5% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Brazil amounted to +19.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Vietnam (0.0% per year) and India (0.0% per year).

In value terms, Brazil ($X) constituted the largest supplier of non-electric furnaces and ovens for the roasting or melting to Angola, comprising 76% of total imports. The second position in the ranking was taken by Portugal ($X), with a 6.7% share of total imports. It was followed by Belgium, with a 6.3% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Brazil amounted to +36.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Portugal (+33.4% per year) and Belgium (+23.0% per year).

Import Prices by Country

In 2022, the average non-electric roasting furnace import price amounted to $X per unit, falling by -14% against the previous year. In general, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the average import price increased by 510% against the previous year. As a result, import price reached the peak level of $X per unit. From 2014 to 2022, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Brazil ($X per unit), while the price for Namibia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+47.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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