Angola: Market for Non-Electronic Instruments For Measuring Or Checking Variables Of Liquids Or Gases 2024

Market Size for Non-Electronic Instruments For Measuring Or Checking Variables Of Liquids Or Gases in Angola

The Angolan market for non-electronic instruments for measuring or checking variables of liquids or gases soared to $X in 2021, rising by 40% 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, showed a drastic downturn. Over the period under review, the market attained the peak level at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Exports of Non-Electronic Instruments For Measuring Or Checking Variables Of Liquids Or Gases

Exports from Angola

In 2021, overseas shipments of non-electronic instruments for measuring or checking variables of liquids or gases were finally on the rise to reach X units for the first time since 2017, thus ending a three-year declining trend. Over the period under review, exports, however, showed a abrupt shrinkage. The pace of growth was the most pronounced in 2015 with an increase of 583%. As a result, the exports attained the peak of X units. From 2016 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, non-electronic liquid or gas measurer exports expanded rapidly to $X in 2021. Overall, exports, however, faced a deep reduction. The most prominent rate of growth was recorded in 2015 with an increase of 880% against the previous year. As a result, the exports reached the peak of $X. From 2016 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Norway (X units), Portugal (X units) and Spain (X units) were the main destinations of non-electronic liquid or gas measurer exports from Angola, with a combined 75% 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 Spain (with a CAGR of +75.3%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for non-electronic liquid or gas measurer exported from Angola were Norway ($X), the UK ($X) and Germany ($X), with a combined 89% share of total exports.

Among the main countries of destination, Norway, with a CAGR of +13.1%, 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 mixed trend patterns.

Export Prices by Country

In 2021, the average export price for non-electronic instruments for measuring or checking variables of liquids or gases amounted to $X per unit, shrinking by -58.3% against the previous year. In general, the export price recorded a abrupt shrinkage. The most prominent rate of growth was recorded in 2020 an increase of 92%. The export price peaked at $X per unit in 2016; however, from 2017 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was Congo ($X per unit), while the average price for exports to Spain ($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 Congo (+21.0%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Non-Electronic Instruments For Measuring Or Checking Variables Of Liquids Or Gases

Imports into Angola

In 2021, overseas purchases of non-electronic instruments for measuring or checking variables of liquids or gases increased by 33% to X units, rising for the fourth year in a row after two years of decline. Over the period under review, imports, however, showed a abrupt downturn. The pace of growth appeared the most rapid in 2018 with an increase of 47%. Imports peaked at X units in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, non-electronic liquid or gas measurer imports skyrocketed to $X in 2021. In general, imports, however, continue to indicate a deep downturn. The pace of growth was the most pronounced in 2018 with an increase of 100%. Imports peaked at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

Norway (X units), the Netherlands (X units) and the United Arab Emirates (X units) were the main suppliers of non-electronic liquid or gas measurer imports to Angola, with a combined 62% 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 the Netherlands (with a CAGR of +96.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest non-electronic liquid or gas measurer suppliers to Angola were the Netherlands ($X), Norway ($X) and the United Arab Emirates ($X), with a combined 73% share of total imports.

Among the main suppliers, the Netherlands, with a CAGR of +86.3%, 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 more modest paces of growth.

Import Prices by Country

The average import price for non-electronic instruments for measuring or checking variables of liquids or gases stood at $X per unit in 2021, jumping by 17% against the previous year. In general, the import price, however, continues to indicate a pronounced reduction. The most prominent rate of growth was recorded in 2016 when the average import price increased by 151% against the previous year. As a result, import price attained the peak level of $X per unit. From 2017 to 2021, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was the United States ($X per unit), while the price for Portugal ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the UK (+6.0%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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