Angola: Non-Household Fan Market 2024

Non-Household Fan Market Size in Angola

The Angolan non-household fan market contracted dramatically to $X in 2022, shrinking by -28.5% 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, recorded a mild expansion. Non-household fan consumption peaked at $X in 2014; however, from 2015 to 2022, consumption remained at a lower figure.

Non-Household Fan Exports

Exports from Angola

In 2022, non-household fan exports from Angola reduced rapidly to X units, which is down by -18.9% against the previous year's figure. Overall, exports, however, recorded significant growth. The pace of growth appeared the most rapid in 2015 with an increase of 751% against the previous year. Over the period under review, the exports hit record highs at X units in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

In value terms, non-household fan exports contracted rapidly to $X in 2022. Over the period under review, exports, however, saw a significant increase. The most prominent rate of growth was recorded in 2015 with an increase of 937%. As a result, the exports attained the peak of $X. From 2016 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

The United States (X units), Germany (X units) and Namibia (X units) were the main destinations of non-household fan exports from Angola, together comprising 60% of total exports.

From 2012 to 2022, the biggest increases were recorded for Namibia (with a CAGR of +80.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Namibia ($X) remains the key foreign market for non-household ventilation fans exports from Angola, comprising 25% of total exports. The second position in the ranking was taken by the United States ($X), with a 10% share of total exports. It was followed by Germany, with a 6.6% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Namibia stood at +116.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+46.5% per year) and Germany (+32.9% per year).

Export Prices by Country

In 2022, the average non-household fan export price amounted to $X per unit, shrinking by -27.5% against the previous year. Over the period under review, the export price continues to indicate a pronounced slump. The pace of growth appeared the most rapid in 2018 when the average export price increased by 177% against the previous year. The export price peaked at $X per unit in 2015; however, from 2016 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Namibia ($X per unit), while the average price for exports to South Africa ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Namibia (+19.8%), while the prices for the other major destinations experienced more modest paces of growth.

Non-Household Fan Imports

Imports into Angola

In 2022, the amount of non-household ventilation fans imported into Angola fell significantly to X units, waning by -42% compared with 2021 figures. Over the period under review, imports, however, showed a strong increase. The growth pace was the most rapid in 2013 with an increase of 182%. Imports peaked at X units in 2014; however, from 2015 to 2022, imports remained at a lower figure.

In value terms, non-household fan imports shrank significantly to $X in 2022. In general, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of 88%. Over the period under review, imports reached the maximum at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X units) constituted the largest non-household fan supplier to Angola, with a 11% share of total imports. Moreover, non-household fan imports from China exceeded the figures recorded by the second-largest supplier, Portugal (X units), threefold. The third position in this ranking was held by South Africa (X units), with a 0.5% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Portugal (-8.5% per year) and South Africa (-6.2% per year).

In value terms, the largest non-household fan suppliers to Angola were Portugal ($X), China ($X) and Belgium ($X), together accounting for 19% of total imports. South Africa, Namibia and Taiwan (Chinese) lagged somewhat behind, together accounting for a further 1.7%.

Among the main suppliers, South Africa, with a CAGR of +3.0%, 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 a decline.

Import Prices by Country

The average non-household fan import price stood at $X per unit in 2022, picking up by 45% against the previous year. Over the period under review, the import price, however, continues to indicate a abrupt contraction. The import price peaked at $X per unit in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+17.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform