Angola: Starter Motor Market 2024

Starter Motor Market Size in Angola

In 2021, the Angolan starter motor market increased by 2.7% to $X, rising for the second year in a row after two years of decline. Overall, consumption, however, recorded a abrupt decrease. 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.

Starter Motor Exports

Exports from Angola

In 2021, shipments abroad of starter motors and dual purpose starter generators was finally on the rise to reach X units after five years of decline. Over the period under review, exports continue to indicate a buoyant expansion. The most prominent rate of growth was recorded in 2015 with an increase of 2,392% against the previous year. As a result, the exports reached the peak of X units. From 2016 to 2021, the growth of the exports failed to regain momentum.

In value terms, starter motor exports surged to $X in 2021. Overall, exports saw strong growth. The most prominent rate of growth was recorded in 2015 with an increase of 1,106% against the previous year. As a result, the exports attained the peak of $X. From 2016 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Belgium (X units) was the main destination for starter motor exports from Angola, accounting for a 59% share of total exports. Moreover, starter motor exports to Belgium exceeded the volume sent to the second major destination, South Africa (X units), threefold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Belgium stood at +69.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Africa (+5.9% per year) and Switzerland (+18.8% per year).

In value terms, South Africa ($X), Switzerland ($X) and Belgium ($X) were the largest markets for starter motor exported from Angola worldwide.

Belgium, with a CAGR of +42.7%, saw the highest rates of growth with regard to the value of exports, among 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

In 2021, the average starter motor export price amounted to $X per unit, reducing by -6.9% against the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 an increase of 149% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2015 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 ($X per unit), while the average price for exports to Belgium ($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 Democratic Republic of the Congo (+78.1%), while the prices for the other major destinations experienced mixed trend patterns.

Starter Motor Imports

Imports into Angola

In 2021, supplies from abroad of starter motors and dual purpose starter generators increased by 21% to X units, rising for the second consecutive year after two years of decline. In general, imports, however, continue to indicate a pronounced setback. The pace of growth appeared the most rapid in 2017 when imports increased by 49%. Imports peaked at X units in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, starter motor imports shrank to $X in 2021. Over the period under review, imports, however, recorded a abrupt setback. The most prominent rate of growth was recorded in 2017 with an increase of 75%. Over the period under review, imports attained the peak figure at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

The United States (X units), Portugal (X units) and China (X units) were the main suppliers of starter motor imports to Angola, with a combined 49% share of total imports. These countries were followed by South Africa, France, Germany, the Netherlands and the United Arab Emirates, which together accounted for a further 16%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the Netherlands (with a CAGR of +63.3%), while imports for the other leaders experienced mixed trend patterns.

In value terms, the largest starter motor suppliers to Angola were the United States ($X), Portugal ($X) and South Africa ($X), together comprising 47% of total imports. These countries were followed by China, France, Germany, the Netherlands and the United Arab Emirates, which together accounted for a further 14%.

Among the main suppliers, the Netherlands, with a CAGR of +49.3%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average starter motor import price stood at $X per unit in 2021, dropping by -24.1% against the previous year. In general, the import price saw a perceptible reduction. The growth pace was the most rapid in 2014 an increase of 21% against the previous year. As a result, import price reached the peak level of $X per unit. From 2015 to 2021, the average import prices remained at a lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2021, the highest price was recorded for prices from South Africa ($X per unit) and Germany ($X per unit), while the price for China ($X per unit) and the United States ($X per unit) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (-1.4%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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