From January to December 2021, the total bilateral trade between China and Angola was US$23.34 billion, a year-on-year increase of 41.4%. Among them, China's exports were US$2.49 billion and imports were US$20.85 billion, up 42.6% and 41.3% year-on-year respectively.
Angola is China's third-largest trading partner in Africa, after South Africa ($54.35 billion) and Nigeria ($25.68 billion).
Angola's political and economic reforms in recent years have driven the positive development of Angola's economy. As a crane manufacturer that provides crane services to the world, Dongqi Crane hopes to open up the crane market in Angola. This article will study the development form of overhead cranes in Angola in 2022 from historical data
Before we start discussing the aerial crane market in Angola, we have a few small questions that need to be answered first. Let’s take a look
In 2020, the Angola Overhead Crane Market grew by X% to US$ X, rising for the third consecutive year after two years of decline. Overall, from 2007 to 2020, total consumption has grown significantly: its value has grown at an average annual rate of +X% over the past 13 years. However, the trend pattern indicated that some significant fluctuations were recorded throughout the analysis period. According to 2020 data, consumption increased by +X% compared to the 2017 index. The growth rate was most pronounced in 2015, when market value increased by X% over the previous year. As a result, spending reached the highest level of X dollars. From 2016 to 2020, market growth failed to regain momentum.
In value terms, the production of overhead cranes in 2020 increased slightly to $X at export prices. During the period under review, from 2007 to 2020, total production has grown significantly: its value has grown at an average annual rate of +X% over the past 13 years. However, the trend pattern indicated that some significant fluctuations were recorded throughout the analysis period. According to 2020 data, production has increased by +X% compared to the 2017 index. The rate of growth was most pronounced in 2014, with an X% year-on-year increase. During the period under review, production peaked in 2020 and may continue to grow in the short term.
In 2020, overseas shipments of fixed-support overhead cranes fell by X% to X units, the fourth consecutive year of decline after a decade of growth. Overall, exports contracted sharply. The most significant growth rate occurred in 2016, with a year-on-year increase of X%. As a result, exports peaked at X units. Export growth failed to regain momentum between 2017 and 2020.
Overhead crane exports in 2020 were worth X dollars in value. Overall, export volumes have grown significantly. The growth rate was most pronounced in 2015, with an X% increase over the previous year. As a result, exports peaked at X dollars. From 2016 to 2020, the export growth rate remained at a low level.
Namibia (X units) is the main destination for Angola's overhead crane exports, accounting for X% of total exports. In addition, five times as many overhead cranes were exported to Namibia as to the second major destination, South Africa (X units).
From 2007 to 2018, the average annual growth rate of shipments to Namibia was relatively modest.
From 2007 to 2018, the average annual value growth rate in Namibia was relatively modest.
Overseas purchases of fixed-support overhead cranes decreased -X% to X units in 2020, falling for the second consecutive year after two years of growth. Overall, however, there has been a considerable increase in imports. The most significant growth rate occurred in 2008, when imports increased by X% year-on-year. During the period under review, imports reached an all-time high of X units in 2015; however, from 2016 to 2020, imports have been at a low level.
In 2020, imports of overhead cranes dropped significantly to $X in value terms. But overall, import volumes continued to show a moderate downward trend. In 2008, the growth rate was the fastest, with imports increasing by X% year-on-year. During the period under review, imports reached a record $X in 2009; however, from 2010 to 2020, imports have been at lower levels.
In 2020, Brazil (X units) was the largest supplier of overhead cranes in Angola, accounting for X% of total imports. In addition, the number of overhead cranes imported from Brazil was three times higher than the number recorded by the second largest supplier, China (X units). Third in the ranking is Belgium (X units) with an X% share. From 2007 to 2020, the average annual growth rate of sales from Brazil totaled +X%. The average annual growth rates of imports for the remaining suppliers are as follows: China (X% per annum) and Belgium (-X% per annum).
Brazil ($X) is the largest supplier of overhead cranes to Angola by value, accounting for X% of total imports. In second place is Portugal ($X) with X% of total imports. It is followed by China with an X% share. From 2007 to 2020, Brazil has experienced an average annual value growth of +X%. The average annual growth rates of imports by the remaining suppliers are as follows: Portugal (+X% per annum) and China (-X% per annum)
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