Angola - Refrigerators And Freezers - Market Analysis, Forecast, Size, Trends and Insights
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View PricingRefrigerator and Freezer Price in Angola - 2022
Contents:
- Refrigerator and Freezer Price in Angola (CIF) - 2022
- Refrigerator and Freezer Price in Angola (FOB) - 2022
- Refrigerator and Freezer Imports in Angola
- Refrigerator and Freezer Exports in Angola
Refrigerator and Freezer Price in Angola (CIF) - 2022
In 2022, the average refrigerator and freezer import price amounted to $252 per unit, with a decrease of -2.9% against the previous year. Overall, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of 23% against the previous year. Over the period under review, average import prices hit record highs at $275 per unit in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.
Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were South Africa ($337 per unit) and Turkey ($264 per unit), while the price for Namibia ($225 per unit) and China ($248 per unit) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Africa (+2.2%), while the prices for the other major suppliers experienced a decline.
Refrigerator and Freezer Price in Angola (FOB) - 2022
The average refrigerator and freezer export price stood at $197 per unit in 2022, rising by 34% against the previous year. Over the period from 2015 to 2022, it increased at an average annual rate of +2.6%. The export price peaked at $234 per unit in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Zambia ($345 per unit), while the average price for exports to Guinea ($76 per unit) was amongst the lowest.
From 2015 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Zambia (+38.4%), while the prices for the other major destinations experienced more modest paces of growth.
Refrigerator and Freezer Imports in Angola
Refrigerator and freezer imports into Angola surged to 152K units in 2022, with an increase of 65% on 2021 figures. Overall, imports, however, faced a abrupt contraction. Imports peaked at 211K units in 2019; however, from 2020 to 2022, imports remained at a lower figure.
In value terms, refrigerator and freezer imports skyrocketed to $38M in 2022. Over the period under review, imports, however, saw a pronounced decline. Imports peaked at $42M in 2019; however, from 2020 to 2022, imports failed to regain momentum.
Import of Refrigerator and Freezer in Angola (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 37.4 | 12.9 | 19.5 | 30.6 | -6.5% |
Portugal | 1.9 | 0.9 | 1.4 | 2.3 | 6.6% |
South Africa | 1.1 | 1.3 | 1.1 | 1.6 | 13.3% |
Turkey | 0.2 | 0.4 | 0.6 | 1.0 | 71.0% |
Namibia | 0.3 | 0.1 | 0.1 | 1.0 | 49.4% |
Others | 1.4 | 0.7 | 1.2 | 1.7 | 6.7% |
Total | 42.3 | 16.4 | 24.0 | 38.3 | -3.3% |
Top Suppliers of Refrigerator and Freezer to Angola in 2022:
- China (123.3K units)
- Portugal (8.9K units)
- South Africa (4.9K units)
- Namibia (4.6K units)
- Turkey (3.7K units)
Refrigerator and Freezer Exports in Angola
For the third consecutive year, Angola recorded decline in overseas shipments of refrigerators and freezers, which decreased by -56.7% to 522 units in 2022. Over the period under review, exports faced a dramatic downturn. The smallest decline of -25.3% was in 2020. The exports peaked at 2.9K units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
In value terms, refrigerator and freezer exports reduced rapidly to $103K in 2022. In general, exports showed a sharp descent. The smallest decline of -33% was in 2020. Over the period under review, the exports attained the maximum at $615K in 2019; however, from 2020 to 2022, the exports remained at a lower figure.
Export of Refrigerator and Freezer in Angola (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Cuba | 375 | 241 | 53.8 | 58.5 | -46.2% |
Democratic Republic of the Congo | 198 | 64.1 | 30.2 | 13.6 | -59.0% |
Zambia | 2.2 | N/A | N/A | 9.0 | 59.9% |
Sao Tome and Principe | 3.9 | 1.5 | 4.4 | 4.1 | 1.7% |
Equatorial Guinea | N/A | 0.5 | N/A | 3.8 | 175.7% |
Guinea | 9.7 | 9.4 | 11.6 | 3.5 | -28.8% |
Portugal | 3.2 | 3.6 | 2.5 | 1.9 | -16.0% |
Congo | 16.9 | 83.5 | 49.0 | 1.8 | -52.6% |
Others | 6.5 | 8.5 | 26.0 | 7.0 | 2.5% |
Total | 615 | 412 | 178 | 103 | -44.9% |
Top Export Markets for Refrigerator and Freezer from Angola in 2022:
- Cuba (265.0 units)
- Democratic Republic of the Congo (53.0 units)
- Sao Tome and Principe (50.0 units)
- Guinea (46.0 units)
- Zambia (26.0 units)
- Portugal (15.0 units)
- Equatorial Guinea (14.0 units)
- Congo (8.0 units)
This report provides an in-depth analysis of the refrigerator and freezer market in Angola. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 27511110 - Combined refrigerators-freezers, with separate external doors
- Prodcom 27511133 - Household-type refrigerators (including compression-type, e lectrical absorption-type) (excluding built-in)
- Prodcom 27511135 - Compression-type built-in refrigerators
- Prodcom 27511150 - Chest freezers of a capacity . .800 litres
- Prodcom 27511170 - Upright freezers of a capacity . .900 litres
Country coverage:
- Angola
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Angola
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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