Angola: Pump For Liquid Market 2024

Pump For Liquid Market Size in Angola

In 2021, after two years of decline, there was significant growth in the Angolan pump for liquid market, when its value increased by 13% to $X. In general, consumption, however, saw a abrupt decline. Pump for liquid consumption peaked at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Pump For Liquid Exports

Exports from Angola

Pump for liquid exports from Angola surged to X units in 2021, picking up by 107% against the year before. Overall, exports saw a strong expansion. The most prominent rate of growth was recorded in 2015 with an increase of 351% against the previous year. As a result, the exports attained the peak of X units. From 2016 to 2021, the growth of the exports failed to regain momentum.

In value terms, pump for liquid exports surged to $X in 2021. Over the period under review, exports posted a resilient increase. The growth pace was the most rapid in 2015 with an increase of 260% against the previous year. The exports peaked at $X in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

Exports by Country

Congo (X units) was the main destination for pump for liquid exports from Angola, with a 41% share of total exports. Moreover, pump for liquid exports to Congo exceeded the volume sent to the second major destination, Democratic Republic of the Congo (X units), fivefold. Cote d'Ivoire (X units) ranked third in terms of total exports with a 6.9% share.

From 2012 to 2021, the average annual growth rate of volume to Congo totaled +8.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Democratic Republic of the Congo (+96.1% per year) and Cote d'Ivoire (+142.4% per year).

In value terms, Congo ($X) remains the key foreign market for pumps for liquids and liquid elevators exports from Angola, comprising 44% of total exports. The second position in the ranking was held by Spain ($X), with a 12% share of total exports. It was followed by the UK, with a 6.2% share.

From 2012 to 2021, the average annual growth rate of value to Congo totaled +31.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (+43.3% per year) and the UK (+22.8% per year).

Export Prices by Country

In 2021, the average pump for liquid export price amounted to $X per unit, surging by 57% against the previous year. Over the period under review, the export price showed a perceptible increase. The most prominent rate of growth was recorded in 2013 an increase of 208%. As a result, the export price reached the peak level of $X per unit. From 2014 to 2021, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Spain ($X per unit), while the average price for exports to Cote d'Ivoire ($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 Congo (+21.5%), while the prices for the other major destinations experienced mixed trend patterns.

Pump For Liquid Imports

Imports into Angola

In 2021, approx. X units of pumps for liquids and liquid elevators were imported into Angola; rising by 4.2% against the year before. In general, imports, however, continue to indicate a abrupt contraction. The growth pace was the most rapid in 2017 when imports increased by 43%. Imports peaked at X units in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, pump for liquid imports soared to $X in 2021. Overall, imports, however, continue to indicate a drastic downturn. Over the period under review, imports reached the peak figure at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, China (X units) constituted the largest supplier of pump for liquid to Angola, with a 50% share of total imports. Moreover, pump for liquid imports from China exceeded the figures recorded by the second-largest supplier, Portugal (X units), threefold. The third position in this ranking was taken by Tanzania (X units), with an 8.5% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China totaled -2.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Portugal (-15.1% per year) and Tanzania (+111.1% per year).

In value terms, the largest pump for liquid suppliers to Angola were China ($X), the United States ($X) and Portugal ($X), with a combined 39% share of total imports. Italy, South Africa, the United Arab Emirates, India and Tanzania lagged somewhat behind, together accounting for a further 16%.

Tanzania, with a CAGR of +51.1%, recorded 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 mixed trend patterns.

Import Prices by Country

The average pump for liquid import price stood at $X per unit in 2021, surging by 23% against the previous year. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 an increase of 66% against the previous year. As a result, import price reached the peak level of $X per unit. From 2016 to 2021, 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 Italy ($X per unit), while the price for Tanzania ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+20.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform