Angola: Market for Electric Generating Sets And Rotary Converters 2024

Market Size for Electric Generating Sets And Rotary Converters in Angola

After three years of decline, the Angolan market for electric generating sets and rotary converters increased by X% to $X in 2021. In general, consumption, however, showed a dramatic decline. Consumption of peaked at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Exports of Electric Generating Sets And Rotary Converters

Exports from Angola

In 2021, exports of electric generating sets and rotary converters from Angola contracted to X units, shrinking by X% compared with 2020 figures. In general, exports, however, showed significant growth. The most prominent rate of growth was recorded in 2015 when exports increased by X%. The exports peaked at X units in 2020, and then shrank in the following year.

In value terms, exports of electric generating sets and rotary converters dropped markedly to $X in 2021. Over the period under review, exports, however, enjoyed a strong increase. The most prominent rate of growth was recorded in 2013 with an increase of X%. Over the period under review, the exports of attained the maximum at $X in 2015; however, from 2016 to 2021, the exports remained at a lower figure.

Exports by Country

South Africa (X units) was the main destination for exports of electric generating sets and rotary converters from Angola, with a X% share of total exports. Moreover, exports of electric generating sets and rotary converters to South Africa exceeded the volume sent to the second major destination, Denmark (X units), threefold. The third position in this ranking was held by the United States (X units), with a X% share.

From 2012 to 2020, the average annual rate of growth in terms of volume to South Africa stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Denmark (X% per year) and the United States (X% per year).

In value terms, the United States ($X) remains the key foreign market for electric generating sets and rotary converters exports from Angola, comprising X% of total exports. The second position in the ranking was held by the Netherlands ($X), with a X% share of total exports. It was followed by South Africa, with a X% share.

From 2012 to 2020, the average annual growth rate of value to the United States amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (X% per year) and South Africa (X% per year).

Export Prices by Country

The average export price for electric generating sets and rotary converters stood at $X per unit in 2020, shrinking by X% against the previous year. Over the period under review, the export price continues to indicate a mild slump. The growth pace was the most rapid in 2014 when the average export price increased by X% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2015 to 2020, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2020, amid the top suppliers, the country with the highest price was the United States ($X per unit), while the average price for exports to Denmark ($X per unit) was amongst the lowest.

From 2012 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Democratic Republic of the Congo (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Electric Generating Sets And Rotary Converters

Imports into Angola

In 2021, overseas purchases of electric generating sets and rotary converters were finally on the rise to reach X units after three years of decline. In general, imports, however, showed a precipitous curtailment. Imports peaked at X units in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, imports of electric generating sets and rotary converters skyrocketed to $X in 2021. Overall, imports, however, recorded a significant decline. Imports peaked at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

In 2020, China (X units) was the main supplier of electric generating set and rotary converter to Angola, accounting for a X% share of total imports. Moreover, imports of electric generating sets and rotary converters from China exceeded the figures recorded by the second-largest supplier, Vietnam (X units), eightfold. The third position in this ranking was taken by Malaysia (X units), with a X% share.

From 2012 to 2020, the average annual rate of growth in terms of volume from China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Vietnam (X% per year) and Malaysia (X% per year).

In value terms, the largest electric generating set and rotary converter suppliers to Angola were China ($X), Portugal ($X) and South Korea ($X), together accounting for X% of total imports.

South Korea, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average import price for electric generating sets and rotary converters stood at $X per unit in 2020, jumping by X% against the previous year. Overall, the import price continues to indicate temperate growth. The import price peaked at $X per unit in 2015; however, from 2016 to 2020, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2020, amid the top importers, the country with the highest price was Portugal ($X per unit), while the price for Vietnam ($X per unit) was amongst the lowest.

From 2012 to 2020, the most notable rate of growth in terms of prices was attained by Portugal (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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