Angola: Domestic Appliances Market 2024

Domestic Appliances Market Size in Angola

In 2021, the Angolan domestic appliances market was finally on the rise to reach $X for the first time since 2018, thus ending a two-year declining trend. Over the period under review, consumption, however, saw a deep reduction. Over the period under review, the market reached the maximum level at $X in 2014; however, from 2015 to 2021, consumption failed to regain momentum.

Domestic Appliances Production in Angola

In value terms, domestic appliances production totaled $X in 2021 estimated in export price. In general, production, however, recorded a deep downturn. Domestic appliances production peaked at $X in 2019; however, from 2020 to 2021, production stood at a somewhat lower figure.

Domestic Appliances Exports

Exports from Angola

In 2021, domestic appliances exports from Angola fell sharply to X units, waning by -65.9% against 2020. Over the period under review, exports showed a abrupt contraction. The pace of growth was the most pronounced in 2019 when exports increased by 39% against the previous year. Over the period under review, the exports hit record highs at X units in 2017; however, from 2018 to 2021, the exports remained at a lower figure.

In value terms, domestic appliances exports contracted dramatically to $X in 2021. In general, exports saw a abrupt contraction. The most prominent rate of growth was recorded in 2019 when exports increased by 193%. Over the period under review, the exports hit record highs at $X in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

Exports by Country

Democratic Republic of the Congo (X units), Cuba (X units) and Congo (X units) were the main destinations of domestic appliances exports from Angola, with a combined 52% share of total exports. Sao Tome and Principe, Guinea, Mauritania, the United States, Namibia, Iceland, Portugal, South Africa, Mozambique and Brazil lagged somewhat behind, together accounting for a further 37%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Mauritania (with a CAGR of +175.2%), while the other leaders experienced more modest paces of growth.

In value terms, Democratic Republic of the Congo ($X), Cuba ($X) and Congo ($X) appeared to be the largest markets for domestic appliances exported from Angola worldwide, together accounting for 50% of total exports. Namibia, the United States, Portugal, South Africa, Brazil, Sao Tome and Principe, Guinea, Mozambique, Mauritania and Iceland lagged somewhat behind, together accounting for a further 31%.

Mauritania, with a CAGR of +26.3%, recorded the highest growth rate of the value of exports, in terms of 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 domestic appliances export price amounted to $X per unit, growing by 29% against the previous year. In general, the export price, however, recorded a perceptible contraction. The pace of growth was the most pronounced in 2019 when the average export price increased by 110%. The export price peaked at $X per unit in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Namibia ($X per unit), while the average price for exports to Iceland ($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 (+13.5%), while the prices for the other major destinations experienced more modest paces of growth.

Domestic Appliances Imports

Imports into Angola

In 2021, imports of domestic appliances into Angola surged to X units, jumping by 45% against the previous year's figure. In general, imports, however, continue to indicate a abrupt setback. The most prominent rate of growth was recorded in 2017 when imports increased by 65%. Over the period under review, imports reached the peak figure at X units in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

In value terms, domestic appliances imports surged to $X in 2021. Overall, imports, however, continue to indicate a abrupt slump. The pace of growth was the most pronounced in 2017 with an increase of 60% against the previous year. Over the period under review, imports reached the maximum at $X in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, China (X units) constituted the largest domestic appliances supplier to Angola, with a 49% share of total imports. Moreover, domestic appliances imports from China exceeded the figures recorded by the second-largest supplier, Turkey (X units), sixfold. Portugal (X units) ranked third in terms of total imports with a 3.6% share.

From 2012 to 2021, the average annual growth rate of volume from China totaled -17.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (-6.7% per year) and Portugal (-23.0% per year).

In value terms, China ($X) constituted the largest supplier of domestic appliances to Angola, comprising 42% of total imports. The second position in the ranking was taken by Portugal ($X), with a 6.9% share of total imports. It was followed by Turkey, with a 4.6% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China amounted to -13.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Portugal (-21.6% per year) and Turkey (-5.5% per year).

Import Prices by Country

The average domestic appliances import price stood at $X per unit in 2021, approximately mirroring the previous year. In general, the import price recorded a mild decrease. The pace of growth was the most pronounced in 2020 an increase of 16% against the previous year. Over the period under review, average import prices attained the peak figure 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 Portugal ($X per unit), while the price for Brazil ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+5.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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