The Angolan crane market rapidly contracted to $X in 2020, down -X% compared to the previous year. This figure reflects the total revenue of producers and importers (excluding logistics costs, retail marketing costs and retailer profits, which will be included in the final consumer price). However, consumption showed a deep contraction during the period under review. The most significant growth rate occurred in 2012, when the market value increased by X% over the previous year. As a result, spending reached the highest level of X dollars. From 2013 to 2020, the market growth rate remained at a low level.
Angola’s Crane Export Scale
In 2020, the number of cranes and mobile cranes exported from Angola dropped significantly to X units, a decrease of -X% compared to the previous year. Overall, however, exports have seen resilient growth. The most significant growth rate occurred in 2010, with an X% year-on-year increase. During the period under review, exports peaked at X units in 2012; however, from 2013 to 2020, exports have been at lower levels.
The total value of crane exports in 2020 is X USD. But overall, exports have grown significantly. The most significant growth rate occurred in 2010, when exports increased by X% year-on-year. During the period under review, exports hit an all-time high of $X in 2013; however, from 2014 to 2020, exports have been at lower levels.
Italy (X units) is the main destination for Angolan crane exports, accounting for about X% of total exports.
From 2007 to 2020, the average annual growth rate of shipments to Italy has been relatively modest.
From 2007 to 2020, the average annual growth in value to Italy totaled +X%.
Import scale of cranes in Angola
In 2020, cranes and mobile cranes purchased abroad increased by X% to X units for the first time since 2017, ending a two-year downward trend. Overall, however, imports contracted sharply. 2012 saw the fastest growth, with imports increasing by X% year-on-year. As a result, imports peaked at X units. Import growth remained low between 2013 and 2020. In 2020, crane imports dropped significantly to $X in value terms. But overall, imports have fallen sharply. The rate of growth was most pronounced in 2008, when imports increased by X% year-on-year. During the period under review, imports peaked at $X in 2012; however, from 2013 to 2020, imports failed to regain momentum.
In 2020, France (X units) was the largest crane supplier to Angola, accounting for X% of total imports. In addition, cranes imported from France were three times higher than the number recorded by the second largest supplier, the Netherlands (X units). Brazil (X units) ranks third in terms of total imports with a share of X%.
From 2007 to 2020, the average annual growth rate of sales in France is +X%. The average annual growth rates of imports in the remaining supplier countries are as follows: Netherlands (-X% per annum) and Brazil (+X% per annum).
The largest crane suppliers to Angola by value are Brazil ($X), Netherlands ($X) and Portugal ($X), which together account for X% of total imports. British, Chinese, and other French leaders experienced a more modest pace of growth.
Statistics of various crane suppliers in Angola
Brazil, the Netherlands and Portugal are Angola’s largest crane suppliers by value, together accounting for 64% of total imports. This is followed by the UK, China, France, Italy and India, which together account for another 32%.
In 2020, the average export price of cranes was US$143,341/unit, a year-on-year increase of 49%.
The average import price of cranes in 2020 was USD 55,722 per unit, down -62.2% from the previous year.
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