Angola: Market for Electronic Instruments And Machines For Measuring Geometrical Quantities 2024

Market Size for Electronic Instruments And Machines For Measuring Geometrical Quantities in Angola

In 2023, after two years of growth, there was significant decline in the Angolan geometrical quantities electronic measurer market, when its value decreased by X% to $X. Over the period under review, consumption saw a perceptible contraction. Geometrical quantities electronic measurer consumption peaked at $X in 2012; however, from 2013 to 2023, consumption stood at a somewhat lower figure.

Exports of Electronic Instruments And Machines For Measuring Geometrical Quantities

Exports from Angola

In 2023, the amount of electronic instruments and machines for measuring geometrical quantities exported from Angola reduced to X units, declining by X% against the previous year. Over the period under review, exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when exports increased by X%. As a result, the exports attained the peak of X units. From 2016 to 2023, the growth of the exports failed to regain momentum.

In value terms, geometrical quantities electronic measurer exports reduced notably to $X in 2023. Overall, exports showed a mild shrinkage. The pace of growth appeared the most rapid in 2020 when exports increased by X%. Over the period under review, the exports hit record highs at $X in 2015; however, from 2016 to 2023, the exports remained at a lower figure.

Exports by Country

Brazil (X units), Namibia (X units) and Ghana (X units) were the main destinations of geometrical quantities electronic measurer exports from Angola, with a combined X% share of total exports.

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Brazil (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for geometrical quantities electronic measurer exported from Angola were Namibia ($X), Brazil ($X) and the United States ($X), together comprising X% of total exports. Ghana, the UK, Congo, South Africa, Sweden, the United Arab Emirates, Mozambique, Gabon, Canada and Australia lagged somewhat behind, together accounting for a further X%.

In terms of the main countries of destination, Mozambique, with a CAGR of X%, saw the highest growth rate of 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

In 2023, the average geometrical quantities electronic measurer export price amounted to $X per unit, falling by X% against the previous year. Over the period under review, the export price continues to indicate a slight decrease. The pace of growth was the most pronounced in 2020 an increase of X%. The export price peaked at $X per unit in 2017; however, from 2018 to 2023, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2023, amid the top suppliers, the country with the highest price was Congo ($X per unit), while the average price for exports to Australia ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Mozambique (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Electronic Instruments And Machines For Measuring Geometrical Quantities

Imports into Angola

In 2023, supplies from abroad of electronic instruments and machines for measuring geometrical quantities decreased by X% to X units for the first time since 2020, thus ending a two-year rising trend. Overall, imports saw a noticeable slump. The growth pace was the most rapid in 2021 when imports increased by X% against the previous year. Over the period under review, imports reached the maximum at X units in 2012; however, from 2013 to 2023, imports stood at a somewhat lower figure.

In value terms, geometrical quantities electronic measurer imports shrank to $X in 2023. Over the period under review, imports recorded a abrupt contraction. The pace of growth was the most pronounced in 2021 when imports increased by X% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2023, imports remained at a lower figure.

Imports by Country

In 2023, China (X units) constituted the largest geometrical quantities electronic measurer supplier to Angola, with a X% share of total imports. Moreover, geometrical quantities electronic measurer imports from China exceeded the figures recorded by the second-largest supplier, Germany (X units), more than tenfold. Portugal (X units) ranked third in terms of total imports with a X% share.

From 2012 to 2023, the average annual growth rate of volume from China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (X% per year) and Portugal (X% per year).

In value terms, the largest geometrical quantities electronic measurer suppliers to Angola were Germany ($X), China ($X) and Portugal ($X), together accounting for X% of total imports. The United States, Cameroon, the UK, South Africa, France and Belgium lagged somewhat behind, together comprising a further X%.

Among the main suppliers, Cameroon, with a CAGR of X%, 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 geometrical quantities electronic measurer import price stood at $X per unit in 2023, approximately equating the previous year. In general, the import price, however, recorded a noticeable curtailment. The most prominent rate of growth was recorded in 2020 when the average import price increased by X% against the previous year. Over the period under review, average import prices attained the maximum at $X per unit in 2016; however, from 2017 to 2023, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was Germany ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by South Africa (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform