Angola: Vehicle Radio Market 2025

Vehicle Radio Market Size in Angola

After three years of decline, the Angolan vehicle radio market increased by 289% to $X in 2022. Overall, consumption, however, recorded a drastic downturn. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Vehicle Radio Exports

Exports from Angola

In 2022, after three years of decline, there was decline in shipments abroad of radio receivers for motor vehicles, when their volume decreased by 0% to X units. In general, exports faced a abrupt descent. The pace of growth was the most pronounced in 2018 with an increase of 314% against the previous year. The exports peaked at X units in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

In value terms, vehicle radio exports skyrocketed to $X in 2022. Overall, exports continue to indicate a abrupt setback. The most prominent rate of growth was recorded in 2014 when exports increased by 432%. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Sao Tome and Principe (X units), South Africa (X units) and Portugal (X units) were the main destinations of vehicle radio exports from Angola, with a combined 67% share of total exports. Moreover, vehicle radio exports in Sao Tome and Principe exceeded the figures recorded by the second-largest exporter, South Africa, twofold.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Sao Tome and Principe (with a CAGR of +7.2%), while the other leaders experienced mixed trend patterns.

In value terms, the largest markets for vehicle radio exported from Angola were Democratic Republic of the Congo ($X), Sao Tome and Principe ($X) and France ($X), together accounting for 96% of total exports.

Among the main countries of destination, Democratic Republic of the Congo, with a CAGR of +12.1%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

In 2022, the average vehicle radio export price amounted to $X per unit, rising by 30% against the previous year. Overall, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 when the average export price increased by 254%. Over the period under review, the average export prices hit record highs at $X per unit in 2017; however, from 2018 to 2022, the export prices stood at a somewhat lower figure.

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 Democratic Republic of the Congo ($X per unit), while the average price for exports to South Africa ($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 Democratic Republic of the Congo (+25.1%), while the prices for the other major destinations experienced a decline.

Vehicle Radio Imports

Imports into Angola

In 2022, supplies from abroad of radio receivers for motor vehicles was finally on the rise to reach X units after three years of decline. Over the period under review, imports, however, saw a abrupt decrease. Imports peaked at X units in 2018; however, from 2019 to 2022, imports remained at a lower figure.

In value terms, vehicle radio imports soared to $X in 2022. Overall, imports, however, recorded a abrupt shrinkage. Imports peaked at $X in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Russia (X units), Denmark (X units) and China (X units) were the main suppliers of vehicle radio imports to Angola, together accounting for 38% of total imports. South Africa, the United Arab Emirates, France, Singapore, Portugal and Italy lagged somewhat behind, together accounting for a further 43%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by France (with a CAGR of +39.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, South Africa ($X), Russia ($X) and Denmark ($X) constituted the largest vehicle radio suppliers to Angola, with a combined 53% share of total imports.

In terms of the main suppliers, Denmark, with a CAGR of +46.5%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average vehicle radio import price stood at $X per unit in 2022, jumping by 31% against the previous year. In general, import price indicated pronounced growth from 2012 to 2022: its price increased at an average annual rate of +3.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2016 when the average import price increased by 63% against the previous year. Over the period under review, average import prices reached the maximum in 2022 and is expected to retain growth in years to come.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Africa (+13.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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