Angola: Suspension System Market 2025

Suspension System Market Size in Angola

The Angolan suspension system market declined to $X in 2022, dropping by -8.3% 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). Overall, consumption continues to indicate a pronounced setback. As a result, consumption reached the peak level of $X. From 2016 to 2022, the growth of the market failed to regain momentum.

Suspension System Exports

Exports from Angola

In 2022, the amount of suspension systems exported from Angola expanded markedly to X tons, with an increase of 5.3% against the year before. In general, exports, however, faced a deep slump. The pace of growth was the most pronounced in 2020 with an increase of 531% against the previous year. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, suspension system exports reduced modestly to $X in 2022. Over the period under review, exports, however, recorded a abrupt decline. The most prominent rate of growth was recorded in 2020 when exports increased by 659% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Australia (X kg) was the main destination for suspension system exports from Angola, accounting for a 43% share of total exports. Moreover, suspension system exports to Australia exceeded the volume sent to the second major destination, Canada (X kg), twofold. Portugal (X kg) ranked third in terms of total exports with an 8.8% share.

From 2012 to 2022, the average annual growth rate of volume to Australia was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Canada (+260.6% per year) and Portugal (-29.5% per year).

In value terms, Australia ($X), South Africa ($X) and Canada ($X) appeared to be the largest markets for suspension system exported from Angola worldwide, together accounting for 68% of total exports.

Canada, with a CAGR of +301.1%, recorded the highest growth rate of 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 2022, the average suspension system export price amounted to $X per ton, dropping by -7.6% against the previous year. In general, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 when the average export price increased by 73%. The export price peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was South Africa ($X per ton), while the average price for exports to Sao Tome and Principe ($X per ton) 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 (+89.1%), while the prices for the other major destinations experienced more modest paces of growth.

Suspension System Imports

Imports into Angola

Suspension system imports into Angola reduced slightly to X tons in 2022, therefore, remained relatively stable against the year before. Over the period under review, imports showed a pronounced contraction. The most prominent rate of growth was recorded in 2017 with an increase of 40% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2013; however, from 2014 to 2022, imports remained at a lower figure.

In value terms, suspension system imports dropped to $X in 2022. In general, imports continue to indicate a noticeable decline. The pace of growth was the most pronounced in 2015 when imports increased by 40%. As a result, imports reached the peak of $X. From 2016 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, China (X tons) constituted the largest suspension system supplier to Angola, with a 72% share of total imports. Moreover, suspension system imports from China exceeded the figures recorded by the second-largest supplier, Portugal (X tons), sevenfold.

From 2012 to 2022, the average annual growth rate of volume from China amounted to -2.6%.

In value terms, China ($X) constituted the largest supplier of suspension systems to Angola, comprising 51% of total imports. The second position in the ranking was held by Portugal ($X), with a 17% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from China stood at -1.9%.

Import Prices by Country

In 2022, the average suspension system import price amounted to $X per ton, with a decrease of -8.9% against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 when the average import price increased by 35% against the previous year. As a result, import price reached the peak level of $X per ton. From 2016 to 2022, the average import prices remained at a somewhat lower figure.

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 Portugal ($X per ton), while the price for China totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+15.8%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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