Umbrella Price in Angola - 2022

Contents:

  1. Umbrella Price in Angola (CIF) - 2022
  2. Umbrella Price in Angola (FOB) - 2022
  3. Umbrella Imports in Angola
  4. Umbrella Exports in Angola

Umbrella Price in Angola (CIF) - 2022

The average umbrella import price stood at $6.9 per unit in 2022, dropping by -35% against the previous year. In general, the import price, however, continues to indicate perceptible growth. The pace of growth appeared the most rapid in 2021 an increase of 136%. As a result, import price reached the peak level of $11 per unit, and then reduced sharply in the following year.

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 China ($7.5 per unit), while the price for the United States ($2.4 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+5.0%), while the prices for the other major suppliers experienced a decline.

Umbrella Price in Angola (FOB) - 2022

The average umbrella export price stood at $4.7 per unit in 2022, jumping by 18% against the previous year. Over the period under review, the export price, however, showed a abrupt descent. The pace of growth was the most pronounced in 2016 an increase of 132%. The export price peaked at $26 per unit in 2018; however, from 2019 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 Democratic Republic of the Congo ($30 per unit), while the average price for exports to Portugal ($2 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 Democratic Republic of the Congo (+9.2%), while the prices for the other major destinations experienced mixed trend patterns.

Umbrella Imports in Angola

In 2022, supplies from abroad of umbrellas was finally on the rise to reach 107K units for the first time since 2019, thus ending a two-year declining trend. Over the period under review, imports, however, showed a dramatic decrease. Over the period under review, imports hit record highs at 515K units in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, umbrella imports declined markedly to $740K in 2022. Overall, imports, however, continue to indicate a dramatic decline. The most prominent rate of growth was recorded in 2021 with an increase of 46% against the previous year. Imports peaked at $2.7M in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

Import of Umbrella in Angola (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
China2,161314543627-33.8%
Portugal29815520153.2-43.7%
South Africa69.138.635.820.1-33.7%
United States19.820.87.312.4-14.4%
Others11173.291.626.8-37.7%
Total2,659601879740-34.7%

Top Suppliers of Umbrella to Angola in 2022:

  1. China (83.3K units)
  2. Portugal (9.7K units)
  3. South Africa (5.5K units)
  4. United States (5.2K units)

Umbrella Exports in Angola

For the third year in a row, Angola recorded decline in shipments abroad of umbrellas, which decreased by 0% to 118 units in 2022. Overall, exports showed a abrupt setback. The smallest decline of -7.1% was in 2021. The exports peaked at 165 units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, umbrella exports surged to $558 in 2022. In general, exports saw a precipitous contraction. The exports peaked at $3.4K in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Export of Umbrella in Angola (USD)
COUNTRY2019202020212022CAGR,
2019-2022
Democratic Republic of the Congo2,683450192269-53.5%
Sao Tome and Principe46.031.020923171.2%
United States32487.019.026.0-56.9%
South Africa14.04.06.08.0-17.0%
Portugal28.06.03.04.0-47.7%
Congo27.0N/A16.0N/A-23.0%
Others23167.027.020.0-55.8%
Total3,353645472558-45.0%

Top Export Markets for Umbrella from Angola in 2022:

  1. Sao Tome and Principe (101.0 units)
  2. Democratic Republic of the Congo (9.0 units)
  3. Portugal (2.0 units)
  4. South Africa (2.0 units)
  5. United States (1.0 units)

Source: IndexBox Market Intelligence Platform

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