Price for Electrical Circuit Prefabricated Elements, Connectors, Contact Elements and Other Equipment in Angola - 2022

Contents:

1. Price for Electrical Circuit Prefabricated Elements, Connectors, Contact Elements and Other Equipment in Angola (CIF) - 2022
2. Price for Electrical Circuit Prefabricated Elements, Connectors, Contact Elements and Other Equipment in Angola (FOB) - 2022
3. Imports of Electrical Circuit Prefabricated Elements, Connectors, Contact Elements and Other Equipment in Angola
4. Exports of Electrical Circuit Prefabricated Elements, Connectors, Contact Elements and Other Equipment in Angola

Price for Electrical Circuit Prefabricated Elements, Connectors, Contact Elements and Other Equipment in Angola (CIF) - 2022

The average import price for electrical circuit prefabricated elements, connectors, contact elements and other equipment stood at $44 per thousand units in 2022, reducing by -21.8% against the previous year. In general, the import price continues to indicate a pronounced slump. The growth pace was the most rapid in 2021 an increase of 41% against the previous year. The import price peaked at $75 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 France ($321 per thousand units), while the price for China ($25 per thousand units) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+11.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Electrical Circuit Prefabricated Elements, Connectors, Contact Elements and Other Equipment in Angola (FOB) - 2022

In 2022, the average export price for electrical circuit prefabricated elements, connectors, contact elements and other equipment amounted to $0.1 per unit, with a decrease of -10.3% against the previous year. Over the period under review, the export price showed a pronounced decrease. The pace of growth was the most pronounced in 2021 an increase of 720% against the previous year. Over the period under review, the average export prices hit record highs at $0.2 per unit in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was the UK ($1.6 per unit), while the average price for exports to Democratic Republic of the Congo (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 the UK (+12.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Electrical Circuit Prefabricated Elements, Connectors, Contact Elements and Other Equipment in Angola

In 2022, supplies from abroad of electrical circuit prefabricated elements, connectors, contact elements and other equipment increased by 30% to 226M units for the first time since 2019, thus ending a two-year declining trend. The total import volume increased at an average annual rate of +1.7% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, imports of electrical circuit prefabricated elements, connectors, contact elements and other equipment reached $9.9M in 2022. The total import value increased at an average annual rate of +2.3% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 16% against the previous year. Over the period under review, imports of attained the maximum in 2022 and are likely to continue growth in the immediate term.

Top Suppliers of Electrical Circuit Prefabricated Elements, Connectors, Contact Elements and Other Equipment to Angola in 2022:

1. Portugal (117.2M units)
2. China (58.7M units)
3. South Africa (12.9M units)
4. Namibia (6.5M units)
5. Italy (5.7M units)
6. Spain (4.7M units)
7. United Kingdom (4.6M units)
8. Turkey (1.7M units)

Exports of Electrical Circuit Prefabricated Elements, Connectors, Contact Elements and Other Equipment in Angola

In 2022, overseas shipments of electrical circuit prefabricated elements, connectors, contact elements and other equipment decreased by -6.4% to 14M units, falling for the second consecutive year after two years of growth. Over the period under review, exports, however, showed a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 556%. As a result, the exports attained the peak of 29M units. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.

In value terms, exports of electrical circuit prefabricated elements, connectors, contact elements and other equipment reduced remarkably to $1.2M in 2022. Overall, exports, however, continue to indicate a significant increase. The growth pace was the most rapid in 2021 when exports increased by 320% against the previous year. As a result, the exports reached the peak of $1.4M, and then fell notably in the following year.

Top Export Markets for Electrical Circuit Prefabricated Elements, Connectors, Contact Elements and Other Equipment from Angola in 2022:

1. Democratic Republic of the Congo (7.9M units)
2. Kuwait (3.5M units)
3. Norway (1.1M units)
4. Sao Tome and Principe (0.4M units)
5. Belgium (0.4M units)

Source: IndexBox Market Intelligence Platform