Aluminium Wire Price in Angola - 2022

Contents:

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

Aluminium Wire Price in Angola (CIF) - 2022

The average aluminium wire import price stood at $2,523 per ton in 2022, shrinking by -14.8% against the previous year. Over the period under review, the import price recorded a pronounced shrinkage. The pace of growth appeared the most rapid in 2017 when the average import price increased by 80% against the previous year. As a result, import price attained the peak level of $5,094 per ton. From 2018 to 2022, the average import prices remained at a lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Turkey ($2,594 per ton) and Portugal ($2,478 per ton), while the price for China ($1,982 per ton) and Lebanon ($2,203 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Lebanon (+7.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Aluminium Wire Price in Angola (FOB) - 2022

The average aluminium wire export price stood at $1,437 per ton in 2021, shrinking by -16.5% against the previous year. Over the period under review, the export price, however, recorded strong growth. Over the period under review, the average export prices hit record highs at $1,721 per ton in 2020, and then plummeted in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($2,027 per ton), while the average price for exports to South Africa ($117 per ton) was amongst the lowest.

From 2015 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to South Africa (-52.4%).

Aluminium Wire Imports in Angola

In 2022, the amount of aluminium wires imported into Angola fell slightly to 264 tons, shrinking by -2.1% on the year before. In general, imports saw a abrupt decrease. The most prominent rate of growth was recorded in 2021 when imports increased by 3.7%.

In value terms, aluminium wire imports reduced dramatically to $665K in 2022. Overall, imports saw a abrupt contraction. The pace of growth appeared the most rapid in 2021 with an increase of 50%.

Top Suppliers of Aluminium Wire to Angola in 2022:

1. Portugal (164.8 tons)
2. Turkey (54.9 tons)
3. Lebanon (19.1 tons)
4. China (14.2 tons)
5. Belgium (7.6 tons)

Aluminium Wire Exports in Angola

In 2021, aluminium wire exports from Angola reduced modestly to 364 kg, with a decrease of -4.2% on the year before. Overall, exports showed a pronounced curtailment.

In value terms, aluminium wire exports fell rapidly to $523 in 2021. Over the period under review, exports showed a dramatic setback.

Top Export Markets for Aluminium Wire from Angola in 2022:

1. United States (214.0 kg)
2. Sao Tome and Principe (136.0 kg)
3. South Africa (14.0 kg)

Source: IndexBox Market Intelligence Platform