Angola: Sealed Beam Market 2024

Sealed Beam Market Size in Angola

For the third year in a row, the Angolan sealed beam market recorded decline in sales value, which decreased by -4.6% to $X in 2022. Overall, consumption showed a abrupt setback. Sealed beam consumption peaked at $X in 2014; however, from 2015 to 2022, consumption stood at a somewhat lower figure.

Sealed Beam Exports

Exports from Angola

In 2022, shipments abroad of sealed beam lamp units increased by 27% to X units for the first time since 2019, thus ending a two-year declining trend. In general, exports showed a moderate expansion. The most prominent rate of growth was recorded in 2019 when exports increased by 719% against the previous year. As a result, the exports attained the peak of X units. From 2020 to 2022, the growth of the exports failed to regain momentum.

In value terms, sealed beam exports surged to $X in 2022. Over the period under review, exports, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 when exports increased by 70% against the previous year. As a result, the exports attained the peak of $X. From 2020 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

South Africa (X units), Democratic Republic of the Congo (X units) and France (X units) were the main destinations of sealed beam exports from Angola, together accounting for 81% of total exports.

From 2012 to 2022, the biggest increases were recorded for South Africa (with a CAGR of +56.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, South Africa ($X), Democratic Republic of the Congo ($X) and France ($X) were the largest markets for sealed beam exported from Angola worldwide, together comprising 80% of total exports.

South Africa, with a CAGR of +63.8%, saw the highest rates of growth with regard to 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 sealed beam export price stood at $X per unit in 2022, rising by 10% against the previous year. Over the period under review, the export price, however, recorded a perceptible decline. The pace of growth was the most pronounced in 2020 when the average export price increased by 212%. Over the period under review, the average export prices reached the maximum at $X per unit in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Sao Tome and Principe ($X per unit), while the average price for exports to Belgium ($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 (+14.1%), while the prices for the other major destinations experienced more modest paces of growth.

Sealed Beam Imports

Imports into Angola

In 2022, the amount of sealed beam lamp units imported into Angola declined sharply to X units, shrinking by -15.6% on the previous year's figure. In general, imports saw a precipitous setback. The growth pace was the most rapid in 2017 with an increase of 127% against the previous year. Imports peaked at X units in 2014; however, from 2015 to 2022, imports failed to regain momentum.

In value terms, sealed beam imports amounted to $X in 2022. Overall, imports saw a abrupt decrease. The most prominent rate of growth was recorded in 2019 with an increase of 276% against the previous year. Over the period under review, imports attained the peak figure at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Portugal (X units) constituted the largest supplier of sealed beam to Angola, with a 36% share of total imports. Moreover, sealed beam imports from Portugal exceeded the figures recorded by the second-largest supplier, Poland (X units), twofold. The third position in this ranking was held by the United Arab Emirates (X units), with a 12% share.

From 2012 to 2022, the average annual growth rate of volume from Portugal totaled -24.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (+94.5% per year) and the United Arab Emirates (-10.1% per year).

In value terms, Portugal ($X) constituted the largest supplier of sealed beam lamp units to Angola, comprising 42% of total imports. The second position in the ranking was held by Poland ($X), with a 14% share of total imports. It was followed by the United Arab Emirates, with a 9.7% share.

From 2012 to 2022, the average annual growth rate of value from Portugal totaled -21.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (+91.8% per year) and the United Arab Emirates (-9.9% per year).

Import Prices by Country

In 2022, the average sealed beam import price amounted to $X per unit, rising by 19% against the previous year. Overall, the import price saw moderate growth. The most prominent rate of growth was recorded in 2019 an increase of 70%. The import price peaked in 2022 and is likely to see gradual growth in the near future.

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 China ($X per unit), while the price for Belgium ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+40.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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