Angola’s auto market in 2021 rises by 24% with 2,276 sales, reporting positive performance all year except for Q1. Suzuki grows quickly (+126.3%), chasing the market throne.
Market Trend
Angola’s car market this year recovered very effectively from the pandemic crash and reported a loss of sales only in Q1.
Despite this country is among the most stable and rich in the entire African continent, the automotive industry is involved in the hardest crisis ever, due to the persistent recession, increased taxation, and increased import of used vehicles.
For all these reasons combined, the domestic market is in free-fall after having hit in 2014 the all-time record with 40,000 units.
However, when in 2015 the price of crude oil in the international market started to deeply fall, to not really recovered, the economy – too depending by the oil industry – entered in a recession and the political restrictive actions have only further hit the economy, killing internal demand for consumers goods. Indeed, in the following years the market lost terrain, falling at just 12,558 units in 2018.
In 2019 the market experienced a double-digit drop. Indeed, the Full-year ended at 11,546 units sold (-8.1%).
Due to the COVID-19 Pandemic full-Year sales for 2020 have been 1,486, reporting a decline of 84.1% compared to 2019.
In 2021 the year started negatively for the Angolan market, in fact, in Q1 595 units have been sold, reporting a 19.8% decrease in sales compared to Q1 2020, while in Q2 sales kept growing due to the incredibly low levels of the previous year, reporting a 334.3% increase with 595 units sold.
In Q3 sales remained positive, reporting 559 sales (+12.2%), and in Q4 sales were up 14.8% with 527 units.
Indeed, Full-Year sales for 2021 have been 2,276, reporting a 24% increase compared to 2020.
Brand-wise, this year the leader Toyota (+39.1%) gained 3.5% market share, followed by Suzuki (+126.3%), which gained 7.9% share. Hyundai (+28.6%) fell in the third spot and gained only 0.6% market share.
The most sold model in the country remains the Toyota Land Cruiser with 382 sales (+128.7%), holding 16.8% market share.
