Price for Chain and Parts Thereof, of Iron or Steel in Angola - 2022
Contents:
- Price for Chain and Parts Thereof, of Iron or Steel in Angola (CIF) - 2022
- Price for Chain and Parts Thereof, of Iron or Steel in Angola (FOB) - 2022
- Imports of Chain and Parts Thereof, of Iron or Steel in Angola
- Exports of Chain and Parts Thereof, of Iron or Steel in Angola
Price for Chain and Parts Thereof, of Iron or Steel in Angola (CIF) - 2022
In 2022, the average import price for chain and parts thereof, of iron or steel amounted to $3,428 per ton, falling by -9.1% against the previous year. Overall, the import price recorded a pronounced contraction. The growth pace was the most rapid in 2014 when the average import price increased by 26% against the previous year. The import price peaked at $5,981 per ton in 2015; however, from 2016 to 2022, import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the UK ($10,513 per ton), while the price for China ($2,858 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sweden (+25.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Chain and Parts Thereof, of Iron or Steel in Angola (FOB) - 2022
The average export price for chain and parts thereof, of iron or steel stood at $3,696 per ton in 2022, dropping by -14.8% against the previous year. Over the period under review, the export price continues to indicate a mild decline. The pace of growth appeared the most rapid in 2019 when the average export price increased by 182%. The export price peaked at $5,957 per ton in 2015; however, from 2016 to 2022, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Portugal ($7,432 per ton), while the average price for exports to Democratic Republic of the Congo ($997 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Portugal (+9.9%), while the prices for the other major destinations experienced a decline.
Imports of Chain and Parts Thereof, of Iron or Steel in Angola
For the fourth year in a row, Angola recorded growth in supplies from abroad of chain and parts thereof, of iron or steel, which increased by 63% to 2.2K tons in 2022. Overall, imports posted a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, imports of chain and parts thereof, of iron or steel skyrocketed to $7.7M in 2022. Over the period under review, imports showed a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Chain and Parts Thereof, of Iron or Steel in Angola (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 1,797 | 1,943 | 1,830 | 5,744 | 47.3% |
| United Kingdom | 652 | 444 | 1,564 | 360 | -18.0% |
| Portugal | 263 | 640 | 368 | 334 | 8.3% |
| Brazil | 139 | 130 | 86.5 | 260 | 23.2% |
| South Africa | 413 | 128 | 194 | 131 | -31.8% |
| Spain | N/A | 0.5 | 422 | 9.6 | 338.2% |
| Others | 623 | 763 | 609 | 864 | 11.5% |
| Total | 3,887 | 4,049 | 5,073 | 7,702 | 25.6% |
Top Suppliers of Chain and Parts Thereof, of Iron or Steel to Angola in 2022:
- China (2009.6 tons)
- Portugal (48.3 tons)
- Brazil (46.1 tons)
- United Kingdom (34.2 tons)
- South Africa (26.5 tons)
- Spain (2.4 tons)
Exports of Chain and Parts Thereof, of Iron or Steel in Angola
In 2022, overseas shipments of chain and parts thereof, of iron or steel decreased by -32.4% to 22 tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, exports, however, recorded a significant expansion. The most prominent rate of growth was recorded in 2020 when exports increased by 120% against the previous year.
In value terms, exports of chain and parts thereof, of iron or steel fell significantly to $81K in 2022. Overall, exports, however, posted prominent growth. The pace of growth was the most pronounced in 2021 with an increase of 208% against the previous year. As a result, the exports attained the peak of $140K, and then reduced notably in the following year.
| Export of Chain and Parts Thereof, of Iron or Steel in Angola (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Norway | 52.9 | N/A | N/A | 50.3 | -1.7% |
| France | N/A | N/A | N/A | 24.0 | 0% |
| Democratic Republic of the Congo | N/A | N/A | N/A | 3.0 | 0% |
| Portugal | N/A | 0.5 | 140 | 1.3 | 61.2% |
| Congo | 1.6 | 5.0 | N/A | N/A | 212.5% |
| Senegal | N/A | 39.2 | N/A | N/A | 0% |
| Others | 6.3 | 0.8 | N/A | 2.3 | -28.5% |
| Total | 60.8 | 45.6 | 140 | 80.8 | 9.9% |
Top Export Markets for Chain and Parts Thereof, of Iron or Steel from Angola in 2022:
- France (11.4 tons)
- Norway (7.0 tons)
- Democratic Republic of the Congo (3.0 tons)
- Portugal (0.2 tons)
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