Angola: Positive Displacement Pump Market 2024

Positive Displacement Pump Market Size in Angola

In 2021, the Angolan positive displacement pump market was finally on the rise to reach $X for the first time since 2017, thus ending a three-year declining trend. Over the period under review, consumption, however, saw a abrupt descent. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Positive Displacement Pump Exports

Exports from Angola

In 2021, approx. X units of positive displacement pumps and hand pumps were exported from Angola; which is down by -8.2% compared with 2020 figures. Over the period under review, exports, however, posted a significant expansion. The most prominent rate of growth was recorded in 2018 when exports increased by 699%. As a result, the exports attained the peak of X units. From 2019 to 2021, the growth of the exports remained at a lower figure.

In value terms, positive displacement pump exports dropped rapidly to $X in 2021. Overall, exports, however, saw significant growth. The pace of growth was the most pronounced in 2020 with an increase of 297%. Over the period under review, the exports reached the maximum at $X in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

Exports by Country

Congo (X units), Namibia (X units) and Portugal (X units) were the main destinations of positive displacement pump exports from Angola, together comprising 71% of total exports.

From 2012 to 2021, the biggest increases were recorded for Congo (with a CAGR of +143.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Congo ($X), South Africa ($X) and France ($X) constituted the largest markets for positive displacement pump exported from Angola worldwide, with a combined 68% share of total exports. These countries were followed by Namibia, the UK, Ukraine and Portugal, which together accounted for a further 20%.

Namibia, with a CAGR of +81.5%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average positive displacement pump export price stood at $X per unit in 2021, shrinking by -30.9% against the previous year. Overall, the export price saw a deep reduction. The growth pace was the most rapid in 2017 when the average export price increased by 73%. As a result, the export price reached the peak level of $X per unit. From 2018 to 2021, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was South Africa ($X per unit), while the average price for exports to Portugal ($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 Namibia (+3.1%), while the prices for the other major destinations experienced a decline.

Positive Displacement Pump Imports

Imports into Angola

In 2021, supplies from abroad of positive displacement pumps and hand pumps increased by 20% to X units, rising for the second consecutive year after two years of decline. Overall, imports, however, continue to indicate a deep downturn. The most prominent rate of growth was recorded in 2017 when imports increased by 394% against the previous year. As a result, imports reached the peak of X units. From 2018 to 2021, the growth of imports remained at a lower figure.

In value terms, positive displacement pump imports rose modestly to $X in 2021. Over the period under review, imports, however, saw a abrupt curtailment. The most prominent rate of growth was recorded in 2017 with an increase of 144%. Over the period under review, imports attained the maximum at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

Tanzania (X units), China (X units) and Portugal (X units) were the main suppliers of positive displacement pump imports to Angola, with a combined 84% 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 Tanzania (with a CAGR of +121.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Tanzania ($X) constituted the largest supplier of positive displacement pumps and hand pumps to Angola, comprising 47% of total imports. The second position in the ranking was taken by Portugal ($X), with a 13% share of total imports. It was followed by China, with a 10% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Tanzania stood at +104.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Portugal (-21.6% per year) and China (-3.3% per year).

Import Prices by Country

In 2021, the average positive displacement pump import price amounted to $X per unit, waning by -12.9% against the previous year. Overall, the import price saw a deep contraction. The most prominent rate of growth was recorded in 2016 an increase of 45% against the previous year. As a result, import price reached the peak level of $X per unit. From 2017 to 2021, the average import prices remained at a lower figure.

Prices varied noticeably country of origin: the country with the highest price was the UK ($X per unit), while the price for India ($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 United Arab Emirates (+2.3%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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