The Angolan Lifting Equipment Market is rapidly declining to USD X in 2021, down -X% from the previous year. This figure reflects the total revenue of producers and importers (excluding logistics costs, retail marketing costs and retailers' profits, which will be included in the final consumer price). During the period under review, consumption declined sharply. During the period under review, the market peaked at $X in 2013; however, from 2014 to 2021, consumption was at a lower level.
Angola's overseas shipments of lifting equipment increased for the fifth consecutive year, increasing by X% to X units in 2021. But overall, exports have fallen sharply. Exports peaked at X units in 2013; however, from 2014 to 2021, exports failed to regain momentum.
Lifting equipment exports soar to $X in 2021 by value. But overall, exports continued to show a slight downward trend. The growth rate was most pronounced in 2019, with an X% increase. During the period under review, exports hit an all-time high of $X in 2015; however, from 2016 to 2021, export volumes were at lower levels.
Italy (unit X), Namibia (unit X) and Congo (unit X) are the main destinations for Angola's lifting equipment exports.
From 2012 to 2021, among the major destination countries, the most significant growth rate in terms of shipments is Namibia (+X% CAGR), while other leaders experience a mixed trend pattern. In value terms, Namibia (USD X) remains the main foreign market for Angola's lifting equipment exports, accounting for X% of total exports. In second place is Italy ($X) with X% of total exports.
From 2012 to 2021, the average annual growth in value to Namibia totals +X%. Exports to other major destinations recorded the following average annual export growth rates: Italy (-X% per annum) and Congo (-X% per annum).
In 2021, Angola's imports of lifting equipment dropped significantly to X units, a year-on-year decrease of -X%. Overall, imports fell sharply. The most significant growth rate occurred in 2020, with an increase of X%. Imports peaked at X units in 2013; however, from 2014 to 2021, imports have remained low.
In value terms, hoisting equipment imports fell sharply to $X in 2021. Overall, imports fell sharply. The most significant growth rate occurred in 2020, with an increase of X%. Imports peaked at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.
In 2021, Norway (X units) is the largest supplier of lifting equipment to Angola, accounting for X% of total imports. In addition, imports of hoisting equipment from Norway were four times higher than the figures recorded by the second largest supplier, Poland (X units). Portugal (X units) ranks third in total imports with a share of X%.
From 2012 to 2021, the average annual growth rate of Norwegian exports is +X%. The average annual growth rates of imports for the remaining supplier countries are as follows: Poland (+X% per year) and Portugal (-X% per year). Norway (USD X) is the largest lifting equipment supplier to Angola by value, accounting for X% of total imports. In second place is Denmark ($X) with X% of total imports. It is followed by Portugal with an X% share.
From 2012 to 2021, Norway has experienced an average annual value growth of +X%. The average annual growth rates of imports for the remaining suppliers are as follows: Denmark (+X% per annum) and Portugal (-X% per annum).
Norway is Angola's largest supplier of lifting equipment by value, accounting for 47% of total imports. In second place is Denmark, which accounts for 16% of total imports. It is followed by Portugal with a 10% share.
In value terms, Namibia remains the main foreign market for Angola's lifting equipment exports, accounting for 69% of total exports. In second place is Italy, with 17% of total exports.
The average export price of hoisting equipment in 2021 is $2,215 per unit, the same as the previous year.
The average import price of hoisting equipment in 2021 is US$2,233 per unit, the same as the previous year.
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