Angola: Market for Solar Cells and Light-Emitting Diodes 2025

Market Size for Solar Cells and Light-Emitting Diodes in Angola

After three years of growth, the Angolan market for solar cells and light-emitting diodes decreased by -5.5% to $X in 2022. Over the period under review, consumption, however, showed measured growth. As a result, consumption reached the peak level of $X. From 2018 to 2022, the growth of the market remained at a lower figure.

Exports of Solar Cells and Light-Emitting Diodes

Exports from Angola

In 2022, approx. X units of solar cells and light-emitting diodes were exported from Angola; with an increase of 38% compared with the year before. Overall, exports, however, recorded a precipitous decrease. The exports peaked at X units in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, solar cells and light-emitting diodes exports skyrocketed to $X in 2022. Over the period under review, exports, however, recorded a precipitous slump. The most prominent rate of growth was recorded in 2020 with an increase of 5,600% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Portugal (X units) was the main destination for solar cells and light-emitting diodes exports from Angola, with a 95% share of total exports. Moreover, solar cells and light-emitting diodes exports to Portugal exceeded the volume sent to the second major destination, Sao Tome and Principe (X units), more than tenfold. The third position in this ranking was taken by South Africa (X units), with a 4.5% share.

From 2012 to 2022, the average annual growth rate of volume to Portugal totaled +15.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Sao Tome and Principe (-33.7% per year) and South Africa (-31.5% per year).

In value terms, Sao Tome and Principe ($X) emerged as the key foreign market for solar cells and light-emitting diodes exports from Angola, comprising 77% of total exports. The second position in the ranking was taken by Belgium ($X), with a 10% share of total exports. It was followed by Democratic Republic of the Congo, with a 5.8% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Sao Tome and Principe amounted to +4.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belgium (-19.7% per year) and Democratic Republic of the Congo (-31.8% per year).

Export Prices by Country

The average export price for solar cells and light-emitting diodes stood at $X per unit in 2022, increasing by 7.8% against the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 an increase of 38%. The export price peaked at $X per unit in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Sao Tome and Principe ($X per unit), while the average price for exports to Portugal ($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 Sao Tome and Principe (+85.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Solar Cells and Light-Emitting Diodes

Imports into Angola

In 2022, overseas purchases of solar cells and light-emitting diodes decreased by -6.1% to X units for the first time since 2018, thus ending a three-year rising trend. In general, imports, however, showed a buoyant expansion. The growth pace was the most rapid in 2017 with an increase of 1,350% against the previous year. As a result, imports attained the peak of X units. From 2018 to 2022, the growth of imports failed to regain momentum.

In value terms, solar cells and light-emitting diodes imports fell to $X in 2022. Overall, imports recorded a deep slump. The most prominent rate of growth was recorded in 2017 with an increase of 793% against the previous year. As a result, imports attained the peak of $X. From 2018 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, South Korea (X units) constituted the largest solar cells and light-emitting diodes supplier to Angola, with a 67% share of total imports. Moreover, solar cells and light-emitting diodes imports from South Korea exceeded the figures recorded by the second-largest supplier, China (X units), twofold.

From 2012 to 2022, the average annual rate of growth in terms of volume from South Korea stood at +52.3%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+1.3% per year) and Portugal (-32.6% per year).

In value terms, South Korea ($X) constituted the largest supplier of solar cells and light-emitting diodes to Angola, comprising 76% of total imports. The second position in the ranking was held by China ($X), with a 22% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from South Korea stood at +6.4%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-12.2% per year) and Portugal (-35.6% per year).

Import Prices by Country

The average import price for solar cells and light-emitting diodes stood at $X per unit in 2022, growing by 5.4% against the previous year. Over the period under review, the import price, however, showed a deep setback. The most prominent rate of growth was recorded in 2016 when the average import price increased by 99% against the previous year. As a result, import price reached the peak level of $X per unit. From 2017 to 2022, the average 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 Portugal ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Portugal (-4.4%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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