Price for Vehicles; Mobile Drilling Derricks in Angola - 2022

Price for Vehicles; Mobile Drilling Derricks in Angola (CIF) - 2022

In 2022, the average vehicles; mobile drilling derricks import price amounted to $47,243 per unit, surging by 240% against the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 an increase of 1,313% against the previous year. The import price peaked at $156,468 per unit in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Portugal ($270,980 per unit), while the price for Namibia ($927 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Portugal (+12.7%), while the prices for the other major suppliers experienced a decline.

Price for Vehicles; Mobile Drilling Derricks in Angola (FOB) - 2022

In 2022, the average vehicles; mobile drilling derricks export price amounted to $10,148 per unit, growing by 292% against the previous year. In general, the export price, however, showed a perceptible decline. Over the period under review, the average export prices hit record highs at $167,562 per unit in 2016; however, from 2017 to 2022, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for Namibia.

From 2012 to 2022, the rate of growth in terms of prices for Namibia amounted to -3.4% per year.

Imports of Vehicles; Mobile Drilling Derricks in Angola

In 2022, vehicles; mobile drilling derricks imports into Angola dropped to 8 units, which is down by -11.1% on the previous year. Overall, imports continue to indicate a pronounced shrinkage. The pace of growth appeared the most rapid in 2021 when imports increased by 13% against the previous year. As a result, imports reached the peak of 9 units, and then declined in the following year.

In value terms, vehicles; mobile drilling derricks imports surged to $378K in 2022. In general, imports, however, enjoyed a prominent increase. Over the period under review, imports attained the maximum at $631K in 2020; however, from 2021 to 2022, imports failed to regain momentum.

Import of Vehicles; Mobile Drilling Derricks in Angola (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Portugal	126	440	89.6	271	29.1%
India	19.9	64.9	11.5	40.4	26.6%
Russia	13.2	40.1	7.1	18.7	12.3%
China	11.9	29.5	3.0	18.2	15.2%
United States	7.6	20.4	2.4	12.5	18.0%
South Africa	4.7	15.9	3.1	9.2	25.1%
Germany	6.2	17.4	2.9	7.1	4.6%
Namibia	0.8	2.3	0.4	0.9	4.0%
Malawi	135	N/A	N/A	N/A	0%
Others	N/A	N/A	5.2	N/A	0%
Total	326	631	125	378	5.1%

Top Suppliers of Vehicles; Mobile Drilling Derricks to Angola in 2022:

Portugal (1.0 units)
South Africa (1.0 units)
India (1.0 units)
United States (1.0 units)
China (1.0 units)
Namibia (1.0 units)
Germany (1.0 units)
Russia (1.0 units)

Exports of Vehicles; Mobile Drilling Derricks in Angola

In 2022, after three years of growth, there was significant decline in shipments abroad of vehicles; mobile drilling derrickses, when their volume decreased by -66.7% to 1 units. Over the period under review, exports showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when exports increased by 200% against the previous year. As a result, the exports reached the peak of 3 units, and then dropped rapidly in the following year.

In value terms, vehicles; mobile drilling derricks exports surged to $10K in 2022. In general, exports recorded a abrupt decrease. The exports peaked at $17K in 2019; however, from 2020 to 2022, the exports remained at a lower figure.