Angola: Photo Camera Market 2024

Photo Camera Market Size in Angola

The Angolan photo camera market surged to $X in 2022, increasing by 228% 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). In general, consumption showed a measured expansion. Over the period under review, the market hit record highs at $X in 2015; however, from 2016 to 2022, consumption failed to regain momentum.

Photo Camera Exports

Exports from Angola

In 2022, approx. X units of photographic (other than cinematographic) cameras were exported from Angola; which is down by -14.7% compared with the previous year's figure. In general, exports, however, showed a prominent expansion. The most prominent rate of growth was recorded in 2015 with an increase of 220% against the previous year. Over the period under review, the exports reached the maximum at X units in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

In value terms, photo camera exports skyrocketed to $X in 2022. Over the period under review, exports, however, recorded a significant increase. The most prominent rate of growth was recorded in 2016 when exports increased by 434%. The exports peaked at $X in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The UK (X units) was the main destination for photo camera exports from Angola, with a 52% share of total exports. Moreover, photo camera exports to the UK exceeded the volume sent to the second major destination, France (X units), threefold. The United States (X units) ranked third in terms of total exports with a 14% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the UK stood at +22.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+5.2% per year) and the United States (+2.9% per year).

In value terms, the UK ($X) remains the key foreign market for photographic (other than cinematographic) cameras exports from Angola, comprising 51% of total exports. The second position in the ranking was taken by France ($X), with a 19% share of total exports. It was followed by the United States, with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the UK totaled +36.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+34.5% per year) and the United States (+6.2% per year).

Export Prices by Country

In 2022, the average photo camera export price amounted to $X per unit, surging by 68% against the previous year. In general, the export price posted a prominent expansion. The growth pace was the most rapid in 2017 an increase of 361%. As a result, the export price reached the peak level of $X per unit. From 2018 to 2022, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was France ($X per unit), while the average price for exports to Portugal ($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 France (+27.8%), while the prices for the other major destinations experienced more modest paces of growth.

Photo Camera Imports

Imports into Angola

In 2022, the amount of photographic (other than cinematographic) cameras imported into Angola soared to X units, growing by 376% on 2021. Overall, imports recorded resilient growth. Over the period under review, imports attained the peak figure at X units in 2015; however, from 2016 to 2022, imports failed to regain momentum.

In value terms, photo camera imports soared to $X in 2022. Over the period under review, imports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when imports increased by 315% against the previous year. Over the period under review, imports attained the peak figure at $X in 2015; however, from 2016 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Portugal (X units) constituted the largest supplier of photo camera to Angola, accounting for a 77% share of total imports. Moreover, photo camera imports from Portugal exceeded the figures recorded by the second-largest supplier, South Africa (X units), more than tenfold. Namibia (X units) ranked third in terms of total imports with a 5% share.

From 2012 to 2022, the average annual growth rate of volume from Portugal amounted to +11.7%. The remaining supplying countries recorded the following average annual rates of imports growth: South Africa (-2.3% per year) and Namibia (+16.9% per year).

In value terms, Portugal ($X) constituted the largest supplier of photographic (other than cinematographic) cameras to Angola, comprising 48% of total imports. The second position in the ranking was taken by the United States ($X), with a 13% share of total imports. It was followed by South Africa, with a 10% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Portugal amounted to +14.3%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-5.8% per year) and South Africa (-3.2% per year).

Import Prices by Country

In 2022, the average photo camera import price amounted to $X per unit, falling by -69.9% against the previous year. Overall, the import price recorded a deep reduction. The pace of growth appeared the most rapid in 2020 when the average import price increased by 211%. The import price peaked at $X per unit in 2021, and then dropped markedly in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+9.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :