Angola: Air Conditioning Machine Market 2024

Air Conditioning Machine Market Size in Angola

In 2022, the Angolan air conditioning machine market increased by 11% to $X for the first time since 2019, thus ending a two-year declining trend. Over the period under review, consumption, however, continues to indicate a deep setback. Over the period under review, the market attained the peak level at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Air Conditioning Machine Exports

Exports from Angola

In 2022, approx. X units of non-window or wall air conditioning machines were exported from Angola; with an increase of 13% against 2021. Over the period under review, exports posted a remarkable increase. The pace of growth appeared the most rapid in 2020 when exports increased by 871%. As a result, the exports reached the peak of X units. From 2021 to 2022, the growth of the exports failed to regain momentum.

In value terms, air conditioning machine exports reached $X in 2022. Overall, exports posted a notable increase. The growth pace was the most rapid in 2020 with an increase of 1,331%. As a result, the exports reached the peak of $X. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Democratic Republic of the Congo (X units) was the main destination for air conditioning machine exports from Angola, accounting for a 90% share of total exports. Moreover, air conditioning machine exports to Democratic Republic of the Congo exceeded the volume sent to the second major destination, Portugal (X units), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Democratic Republic of the Congo amounted to +40.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Portugal (+23.1% per year) and the UK (-29.5% per year).

In value terms, Democratic Republic of the Congo ($X) emerged as the key foreign market for non-window or wall air conditioning machines exports from Angola, comprising 88% of total exports. The second position in the ranking was taken by Portugal ($X), with an 11% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Democratic Republic of the Congo stood at +32.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Portugal (+30.3% per year) and the UK (-43.5% per year).

Export Prices by Country

In 2022, the average air conditioning machine export price amounted to $X per unit, which is down by -9.9% against the previous year. Over the period under review, the export price recorded a abrupt downturn. The most prominent rate of growth was recorded in 2020 when the average export price increased by 47%. The export price peaked at $X per unit in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Portugal ($X per unit), while the average price for exports to the UK ($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 Portugal (+5.8%), while the prices for the other major destinations experienced mixed trend patterns.

Air Conditioning Machine Imports

Imports into Angola

After two years of decline, overseas purchases of non-window or wall air conditioning machines increased by 29% to X units in 2022. Over the period under review, imports, however, recorded a sharp reduction. Over the period under review, imports hit record highs at X units in 2013; however, from 2014 to 2022, imports failed to regain momentum.

In value terms, air conditioning machine imports amounted to $X in 2022. Overall, imports, however, saw a deep contraction. The most prominent rate of growth was recorded in 2019 with an increase of 43% against the previous year. Imports peaked at $X in 2014; however, from 2015 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X units) constituted the largest air conditioning machine supplier to Angola, accounting for a 44% share of total imports. Moreover, air conditioning machine imports from China exceeded the figures recorded by the second-largest supplier, South Africa (X units), fivefold. The United Arab Emirates (X units) ranked third in terms of total imports with a 9.2% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to -20.2%. The remaining supplying countries recorded the following average annual rates of imports growth: South Africa (+9.9% per year) and the United Arab Emirates (-5.9% per year).

In value terms, China ($X), the United Arab Emirates ($X) and Portugal ($X) were the largest air conditioning machine suppliers to Angola, with a combined 54% share of total imports. The United States, Spain, Italy, Japan, Lebanon, South Africa, Ghana, Turkey and Singapore lagged somewhat behind, together accounting for a further 23%.

Ghana, with a CAGR of +72.1%, saw the highest rates of growth with regard to the value of imports, among 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 air conditioning machine import price amounted to $X per unit, declining by -19.2% against the previous year. Overall, import price indicated a notable expansion from 2012 to 2022: its price increased at an average annual rate of +3.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, air conditioning machine import price decreased by -24.6% against 2020 indices. The growth pace was the most rapid in 2014 an increase of 36%. Over the period under review, average import prices hit record highs at $X per unit in 2020; however, from 2021 to 2022, import prices stood at a somewhat lower figure.

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 Japan ($X per unit), while the price for South Africa ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (+25.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform