Angola: Wheeled Loader Market 2024

Wheeled Loader Market Size in Angola

After two years of decline, the Angolan wheeled loader market increased by 35% to $X in 2021. In general, consumption, however, saw a deep contraction. Wheeled loader consumption peaked at $X in 2014; however, from 2015 to 2021, consumption stood at a somewhat lower figure.

Wheeled Loader Exports

Exports from Angola

In 2021, shipments abroad of wheeled loaders, crawler shovel loaders, front-end loaders decreased by -16.7% to X units, falling for the second year in a row after two years of decline. Over the period under review, exports recorded a abrupt slump. The pace of growth was the most pronounced in 2015 when exports increased by 225% against the previous year. Over the period under review, the exports attained the maximum at X units in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

In value terms, wheeled loader exports reduced rapidly to $X in 2021. Overall, exports saw a abrupt downturn. The most prominent rate of growth was recorded in 2015 when exports increased by 265% against the previous year. The exports peaked at $X in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Namibia (X units), Portugal (X units) and Italy (X units) were the main destinations of wheeled loader exports from Angola, with a combined 80% share of total exports. Moreover, wheeled loader exports in Namibia exceeded the figures recorded by the second-largest exporter, Portugal, twofold.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Italy (with a CAGR of 0.0%), while the other leaders experienced a decline.

In value terms, Namibia ($X), Portugal ($X) and Democratic Republic of the Congo ($X) were the largest markets for wheeled loader exported from Angola worldwide, with a combined 52% share of total exports.

In terms of the main countries of destination, Democratic Republic of the Congo, with a CAGR of -8.7%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

In 2021, the average wheeled loader export price amounted to $X per unit, waning by -33.7% against the previous year. Over the period under review, the export price saw a abrupt slump. The most prominent rate of growth was recorded in 2016 when the average export price increased by 97%. As a result, the export price attained the peak level of $X per unit. From 2017 to 2021, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Portugal ($X per unit), while the average price for exports to Italy ($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 (+6.8%), while the prices for the other major destinations experienced mixed trend patterns.

Wheeled Loader Imports

Imports into Angola

After two years of decline, supplies from abroad of wheeled loaders, crawler shovel loaders, front-end loaders increased by 28% to X units in 2021. Over the period under review, imports, however, continue to indicate a deep slump. The most prominent rate of growth was recorded in 2017 with an increase of 196%. Imports peaked at X units in 2014; however, from 2015 to 2021, imports remained at a lower figure.

In value terms, wheeled loader imports skyrocketed to $X in 2021. Overall, imports, however, faced a deep setback. The growth pace was the most rapid in 2017 when imports increased by 174%. Over the period under review, imports hit record highs at $X in 2014; however, from 2015 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, China (X units) constituted the largest wheeled loader supplier to Angola, with a 22% share of total imports. Moreover, wheeled loader imports from China exceeded the figures recorded by the second-largest supplier, Japan (X units), threefold. The United Arab Emirates (X units) ranked third in terms of total imports with a 7.9% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China stood at -12.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (-4.6% per year) and the United Arab Emirates (+29.2% per year).

In value terms, China ($X) constituted the largest supplier of wheeled loaders, crawler shovel loaders, front-end loaders to Angola, comprising 19% of total imports. The second position in the ranking was taken by Japan ($X), with a 7.2% share of total imports. It was followed by the United Arab Emirates, with a 6.9% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China amounted to -13.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (-3.7% per year) and the United Arab Emirates (+24.6% per year).

Import Prices by Country

The average wheeled loader import price stood at $X per unit in 2021, picking up by 5.5% against the previous year. Over the last nine years, it increased at an average annual rate of +1.3%. The pace of growth appeared the most rapid in 2013 an increase of 21% against the previous year. The import price peaked at $X per unit in 2016; however, from 2017 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was India ($X per unit), while the price for the Czech Republic ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Czech Republic (+1.2%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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