Angola: Market for Spray Guns And Similar Appliances 2024

Market Size for Spray Guns And Similar Appliances in Angola

The Angolan market for spray guns and similar appliances contracted rapidly to $X in 2022, waning by -28.6% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption continues to indicate a abrupt decrease. Over the period under review, the market attained the maximum level at $X in 2014; however, from 2015 to 2022, consumption failed to regain momentum.

Exports of Spray Guns And Similar Appliances

Exports from Angola

Spray guns and similar appliances exports from Angola skyrocketed to X units in 2022, growing by 59% on 2021. In general, exports, however, continue to indicate a slight descent. The pace of growth appeared the most rapid in 2018 with an increase of 400%. As a result, the exports attained the peak of X units. From 2019 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, spray guns and similar appliances exports skyrocketed to $X in 2022. Over the period under review, exports, however, saw a abrupt descent. The pace of growth appeared the most rapid in 2018 with an increase of 449% against the previous year. As a result, the exports reached the peak of $X. From 2019 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Namibia (X units), the UK (X units) and South Africa (X units) were the main destinations of spray guns and similar appliances exports from Angola, with a combined 89% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Namibia (with a CAGR of +46.4%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for spray guns and similar appliances exported from Angola were the UK ($X), Namibia ($X) and South Africa ($X), together accounting for 90% of total exports.

Among the main countries of destination, South Africa, with a CAGR of +42.5%, 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 more modest paces of growth.

Export Prices by Country

In 2022, the average export price for spray guns and similar appliances amounted to $X per unit, with a decrease of -17.1% against the previous year. Over the period under review, the export price recorded a abrupt decrease. The growth pace was the most rapid in 2021 an increase of 26% against the previous year. The export price peaked at $X per unit in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the UK ($X per unit), while the average price for exports to Portugal ($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 Belgium (+358.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Spray Guns And Similar Appliances

Imports into Angola

In 2022, imports of spray guns and similar appliances into Angola contracted remarkably to X units, with a decrease of -36.2% compared with the year before. Over the period under review, imports recorded a abrupt contraction. The most prominent rate of growth was recorded in 2021 when imports increased by 95%. Over the period under review, imports hit record highs at X units in 2014; however, from 2015 to 2022, imports failed to regain momentum.

In value terms, spray guns and similar appliances imports contracted markedly to $X in 2022. Overall, imports continue to indicate a deep contraction. The most prominent rate of growth was recorded in 2019 with an increase of 111%. Imports peaked at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X units) constituted the largest spray guns and similar appliances supplier to Angola, with a 51% share of total imports. Moreover, spray guns and similar appliances imports from China exceeded the figures recorded by the second-largest supplier, Portugal (X units), fourfold. The third position in this ranking was held by Italy (X units), with a 5.3% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled -4.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Portugal (-25.4% per year) and Italy (+28.8% per year).

In value terms, the largest spray guns and similar appliances suppliers to Angola were China ($X), Portugal ($X) and France ($X), together accounting for 50% of total imports. The UK, Italy, the United States, Turkey, Egypt, the United Arab Emirates, South Africa, Spain and Namibia lagged somewhat behind, together comprising a further 37%.

Egypt, with a CAGR of +61.5%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average import price for spray guns and similar appliances stood at $X per unit in 2022, with an increase of 17% against the previous year. In general, the import price posted a remarkable increase. The growth pace was the most rapid in 2019 an increase of 49%. Over the period under review, average import prices reached the peak figure in 2022 and is expected to retain growth in the immediate term.

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 France ($X per unit), while the price for Spain ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Namibia (+17.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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