Plugs and Socket Price in Angola - 2022
Contents:
- Plugs and Socket Price in Angola (CIF) - 2022
- Plugs and Socket Price in Angola (FOB) - 2022
- Plugs and Socket Imports in Angola
- Plugs and Socket Exports in Angola
Plugs and Socket Price in Angola (CIF) - 2022
The average plugs and socket import price stood at $38 per thousand units in 2022, rising by 24% against the previous year. In general, the import price, however, showed a pronounced shrinkage. The most prominent rate of growth was recorded in 2015 when the average import price increased by 33%. The import price peaked at $62 per thousand units in 2016; however, from 2017 to 2022, import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($143 per thousand units), while the price for Turkey ($18 per thousand units) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (-1.0%), while the prices for the other major suppliers experienced a decline.
Plugs and Socket Price in Angola (FOB) - 2022
The average plugs and socket export price stood at $0.2 per unit in 2022, which is down by -15.4% against the previous year. Over the period under review, the export price showed a abrupt curtailment. The pace of growth appeared the most rapid in 2019 an increase of 134%. The export price peaked at $1.4 per unit in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($0.6 per unit), while the average price for exports to the Netherlands (less than $0.1 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Liberia (+799.7%), while the prices for the other major destinations experienced mixed trend patterns.
Plugs and Socket Imports in Angola
Plugs and socket imports into Angola rose remarkably to 214M units in 2022, increasing by 14% against the previous year. Overall, total imports indicated buoyant growth from 2019 to 2022: its volume increased at an average annual rate of +19.1% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +72.8% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 52% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.
In value terms, plugs and socket imports surged to $8.2M in 2022. Over the period under review, total imports indicated a buoyant increase from 2019 to 2022: its value increased at an average annual rate of +14.3% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +49.3% against 2019 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Plugs and Socket in Angola (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Portugal | 2,229 | 2,146 | 2,163 | 2,705 | 6.7% |
| China | 847 | 1,342 | 1,396 | 2,075 | 34.8% |
| Turkey | 546 | 706 | 739 | 880 | 17.2% |
| United States | 335 | 326 | 292 | 573 | 19.6% |
| United Arab Emirates | 38.4 | 80.5 | 19.7 | 164 | 62.2% |
| South Africa | 243 | 123 | 99.1 | 96.7 | -26.4% |
| Others | 1,240 | 1,047 | 1,069 | 1,684 | 10.7% |
| Total | 5,478 | 5,770 | 5,778 | 8,179 | 14.3% |
Top Suppliers of Plugs and Socket to Angola in 2022:
- China (106.8M units)
- Turkey (48.7M units)
- Portugal (32.7M units)
- United Arab Emirates (5.9M units)
- United States (4.0M units)
- South Africa (1.6M units)
Plugs and Socket Exports in Angola
In 2022, the amount of electrical plugs and sockets for under 1000 v exported from Angola surged to 1.1M units, jumping by 135% compared with the previous year's figure. In general, exports recorded significant growth. The pace of growth appeared the most rapid in 2021 with an increase of 592% against the previous year. Over the period under review, the exports reached the peak figure in 2022 and are likely to see steady growth in years to come.
In value terms, plugs and socket exports soared to $245K in 2022. Overall, exports enjoyed a prominent increase. The most prominent rate of growth was recorded in 2021 with an increase of 330%. Over the period under review, the exports reached the peak figure in 2022 and are likely to continue growth in the immediate term.
| Export of Plugs and Socket in Angola (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 2.1 | 0.6 | 9.4 | 48.4 | 184.6% |
| Belgium | 2.1 | 8.8 | 35.7 | 37.2 | 160.7% |
| Malaysia | 1.6 | 1.3 | 26.7 | 27.8 | 159.0% |
| United Kingdom | 4.9 | 3.8 | 14.6 | 16.3 | 49.3% |
| Namibia | 0.9 | 0.6 | 3.1 | 14.3 | 151.4% |
| Cote d'Ivoire | 0.4 | 0.3 | 2.9 | 13.3 | 221.6% |
| France | 0.1 | N/A | N/A | 12.1 | 394.6% |
| Nigeria | 6.8 | 1.6 | 6.3 | 1.8 | -35.8% |
| South Africa | 1.4 | 0.4 | 2.5 | 1.7 | 6.7% |
| Netherlands | 1.6 | 0.2 | 0.5 | 0.5 | -32.1% |
| Sri Lanka | 91.3 | N/A | N/A | N/A | 0% |
| Others | 48.3 | 11.3 | 21.6 | 72.0 | 14.2% |
| Total | 162 | 28.7 | 123 | 245 | 14.8% |
Top Export Markets for Plugs and Socket from Angola in 2022:
- Belgium (298.1K units)
- Malaysia (223.0K units)
- France (172.9K units)
- Namibia (144.6K units)
- United States (86.3K units)
- Cote d'Ivoire (45.2K units)
- United Kingdom (40.1K units)
- Nigeria (28.6K units)
- South Africa (17.7K units)
- Netherlands (11.2K units)
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