Angola: Market for Internal Combustion Engines, Excluding Diesel (Other Than For Motor Vehicles And Aircraft) 2024

Market Size for Internal Combustion Engines, Excluding Diesel (Other Than For Motor Vehicles And Aircraft) in Angola

The Angolan market for internal combustion engines, excluding diesel (other than for motor vehicles and aircraft) amounted to $X in 2023, picking up by X% against the previous year. Overall, consumption showed a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2022 to 2023, the growth of the market remained at a somewhat lower figure.

Production of Internal Combustion Engines, Excluding Diesel (Other Than For Motor Vehicles And Aircraft) in Angola

In value terms, production of internal combustion engines, excluding diesel (other than for motor vehicles and aircraft) skyrocketed to $X in 2023 estimated in export price. Overall, production showed a perceptible expansion. The pace of growth appeared the most rapid in 2016 with an increase of X%. As a result, production reached the peak level of $X. From 2017 to 2023, production of growth remained at a somewhat lower figure.

Exports of Internal Combustion Engines, Excluding Diesel (Other Than For Motor Vehicles And Aircraft)

Exports from Angola

In 2023, overseas shipments of internal combustion engines, excluding diesel (other than for motor vehicles and aircraft) decreased by X% to X units for the first time since 2018, thus ending a four-year declining trend. Overall, exports saw a mild decline. The growth pace was the most rapid in 2014 when exports increased by X%. As a result, the exports reached the peak of X units. From 2015 to 2023, the growth of the exports of remained at a lower figure.

In value terms, exports of internal combustion engines, excluding diesel (other than for motor vehicles and aircraft) rose slightly to $X in 2023. Over the period under review, exports continue to indicate pronounced growth. The most prominent rate of growth was recorded in 2014 with an increase of X%. As a result, the exports reached the peak of $X. From 2015 to 2023, the growth of the exports of remained at a lower figure.

Exports by Country

Sao Tome and Principe (X units) was the main destination for exports of internal combustion engines, excluding diesel (other than for motor vehicles and aircraft) from Angola, accounting for a X% share of total exports. Moreover, exports of internal combustion engines, excluding diesel (other than for motor vehicles and aircraft) to Sao Tome and Principe exceeded the volume sent to the second major destination, Namibia (X units), fivefold. The third position in this ranking was taken by South Africa (X units), with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of volume to Sao Tome and Principe totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Namibia (X% per year) and South Africa (X% per year).

In value terms, Sao Tome and Principe ($X) emerged as the key foreign market for internal combustion engines, excluding diesel (other than for motor vehicles and aircraft) exports from Angola, comprising X% of total exports. The second position in the ranking was taken by Namibia ($X), with a X% share of total exports. It was followed by the United States, with a X% share.

From 2012 to 2023, the average annual growth rate of value to Sao Tome and Principe stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Namibia (X% per year) and the United States (X% per year).

Export Prices by Country

In 2023, the average export price for internal combustion engines, excluding diesel (other than for motor vehicles and aircraft) amounted to $X per unit, picking up by X% against the previous year. Overall, the export price recorded temperate growth. The growth pace was the most rapid in 2016 an increase of X%. As a result, the export price attained the peak level of $X per unit. From 2017 to 2023, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Namibia ($X per unit), while the average price for exports to Portugal ($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 South Africa (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Internal Combustion Engines, Excluding Diesel (Other Than For Motor Vehicles And Aircraft)

Imports into Angola

In 2023, imports of internal combustion engines, excluding diesel (other than for motor vehicles and aircraft) into Angola dropped modestly to X units, waning by X% compared with the previous year's figure. Over the period under review, imports showed a noticeable contraction. The pace of growth appeared the most rapid in 2020 when imports increased by X%. Over the period under review, imports of reached the maximum at X units in 2014; however, from 2015 to 2023, imports stood at a somewhat lower figure.

In value terms, imports of internal combustion engines, excluding diesel (other than for motor vehicles and aircraft) contracted to $X in 2023. Overall, imports recorded a abrupt downturn. The most prominent rate of growth was recorded in 2017 when imports increased by X%. Imports peaked at $X in 2012; however, from 2013 to 2023, imports remained at a lower figure.

Imports by Country

South Africa (X units), China (X units) and the UK (X units) were the main suppliers of imports of internal combustion engines, excluding diesel (other than for motor vehicles and aircraft) to Angola, together comprising X% of total imports.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by South Africa (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Japan ($X) constituted the largest supplier of internal combustion engines, excluding diesel (other than for motor vehicles and aircraft) to Angola, comprising X% of total imports. The second position in the ranking was taken by China ($X), with a X% share of total imports. It was followed by the United Arab Emirates, with a X% share.

From 2012 to 2023, the average annual growth rate of value from Japan totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and the United Arab Emirates (X% per year).

Import Prices by Country

In 2023, the average import price for internal combustion engines, excluding diesel (other than for motor vehicles and aircraft) amounted to $X per unit, falling by X% against the previous year. Over the period under review, the import price saw a perceptible decrease. The most prominent rate of growth was recorded in 2017 when the average import price increased by X%. The import price peaked at $X per unit in 2012; however, from 2013 to 2023, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Japan ($X per unit), while the price for Malaysia ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform