Angola: Vacuum Pump Market 2024

Vacuum Pump Market Size in Angola

The Angolan vacuum pump market skyrocketed to $X in 2022, picking up by 96% 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). In general, consumption recorded a noticeable expansion. Vacuum pump consumption peaked at $X in 2013; however, from 2014 to 2022, consumption stood at a somewhat lower figure.

Vacuum Pump Exports

Exports from Angola

In 2022, the amount of vacuum pumps exported from Angola shrank rapidly to X units, which is down by -64.8% on the previous year's figure. Over the period under review, exports, however, saw buoyant growth. The most prominent rate of growth was recorded in 2021 when exports increased by 550%. As a result, the exports attained the peak of X units, and then shrank notably in the following year.

In value terms, vacuum pump exports contracted markedly to $X in 2022. Overall, exports, however, posted significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 4,268% against the previous year. As a result, the exports reached the peak of $X, and then shrank significantly in the following year.

Exports by Country

The United Arab Emirates (X units), Belgium (X units) and Italy (X units) were the main destinations of vacuum pump exports from Angola, together comprising 63% of total exports.

From 2012 to 2022, the biggest increases were recorded for Belgium (with a CAGR of +21.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for vacuum pump exported from Angola were France ($X), Belgium ($X) and Italy ($X), with a combined 67% share of total exports. India, the United Arab Emirates, the UK, Namibia, South Africa, Congo, Portugal and Sweden lagged somewhat behind, together comprising a further 33%.

Among the main countries of destination, South Africa, with a CAGR of +105.6%, 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

The average vacuum pump export price stood at $X per unit in 2022, jumping by 45% against the previous year. In general, the export price posted a significant increase. The most prominent rate of growth was recorded in 2021 when the average export price increased by 572% against the previous year. Over the period under review, the average export prices attained the maximum in 2022 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was India ($X per unit), while the average price for exports to Sweden ($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 South Africa (+105.6%), while the prices for the other major destinations experienced more modest paces of growth.

Vacuum Pump Imports

Imports into Angola

In 2022, vacuum pump imports into Angola skyrocketed to X units, growing by 111% on the previous year's figure. In general, imports showed prominent growth. The most prominent rate of growth was recorded in 2013 with an increase of 111% against the previous year. Over the period under review, imports attained the maximum in 2022 and are likely to see steady growth in the near future.

In value terms, vacuum pump imports skyrocketed to $X in 2022. Over the period under review, imports, however, continue to indicate a noticeable shrinkage. The pace of growth appeared the most rapid in 2019 when imports increased by 41% against the previous year. Imports peaked at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, the Netherlands (X units) constituted the largest supplier of vacuum pump to Angola, accounting for a 59% share of total imports. Moreover, vacuum pump imports from the Netherlands exceeded the figures recorded by the second-largest supplier, China (X units), threefold. The third position in this ranking was taken by Portugal (X units), with a 7.6% share.

From 2012 to 2022, the average annual growth rate of volume from the Netherlands amounted to +52.2%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+7.4% per year) and Portugal (+3.5% per year).

In value terms, the largest vacuum pump suppliers to Angola were Portugal ($X), China ($X) and the Netherlands ($X), together accounting for 34% of total imports. Argentina, Japan and Namibia lagged somewhat behind, together comprising a further 11%.

Among the main suppliers, Argentina, with a CAGR of +53.0%, 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 vacuum pump import price stood at $X per unit in 2022, falling by -38.7% against the previous year. Overall, the import price faced a deep downturn. The pace of growth was the most pronounced in 2014 when the average import price increased by 120% against the previous year. As a result, import price reached the peak level of $X per unit. From 2015 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 Namibia ($X per unit), while the price for the Netherlands ($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 (+15.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :