Angola - Hot-Rolled Bars In Bearing Steels - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Hot-Rolled Bearing Steel Bar in Angola - 2022
Contents:
- Price for Hot-Rolled Bearing Steel Bar in Angola (FOB) - 2022
- Price for Hot-Rolled Bearing Steel Bar in Angola (CIF) - 2022
- Exports of Hot-Rolled Bearing Steel Bar in Angola
- Imports of Hot-Rolled Bearing Steel Bar in Angola
Price for Hot-Rolled Bearing Steel Bar in Angola (FOB) - 2022
The average hot-rolled bearing steel bar export price stood at $76 per ton in 2022, shrinking by -91.8% against the previous year. In general, the export price faced a drastic downturn. The growth pace was the most rapid in 2021 when the average export price increased by 572%. As a result, the export price attained the peak level of $929 per ton, and then fell notably in the following year.
As there is only one major export destination, the average price level is determined by prices for Democratic Republic of the Congo.
From 2012 to 2022, the rate of growth in terms of prices for Democratic Republic of the Congo amounted to -11.6% per year.
Price for Hot-Rolled Bearing Steel Bar in Angola (CIF) - 2022
The average hot-rolled bearing steel bar import price stood at $650 per ton in 2022, with an increase of 4.6% against the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 when the average import price increased by 50%. Over the period under review, average import prices reached the maximum at $726 per ton in 2019; however, from 2020 to 2022, import prices failed to regain momentum.
Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Turkey ($616 per ton), while the price for South Africa ($485 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+15.9%), while the prices for the other major suppliers experienced mixed trend patterns.
Exports of Hot-Rolled Bearing Steel Bar in Angola
In 2022, hot-rolled bearing steel bar exports from Angola surged to 912 tons, picking up by 868% on 2021. Over the period under review, exports recorded a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, hot-rolled bearing steel bar exports declined sharply to $69K in 2022. In general, exports posted a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 71%. As a result, the exports attained the peak of $87K, and then shrank markedly in the following year.
| Export of Hot-Rolled Bearing Steel Bar in Angola (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Democratic Republic of the Congo | N/A | 51.3 | 0.5 | 69.4 | 16.3% |
| Kuwait | N/A | N/A | 46.1 | N/A | 0% |
| United Arab Emirates | N/A | N/A | 40.8 | N/A | 0% |
| Ghana | 39.2 | N/A | N/A | N/A | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 39.3 | 51.3 | 87.5 | 69.4 | 20.9% |
Top Export Markets for Hot-Rolled Bearing Steel Bar from Angola in 2022:
- Democratic Republic of the Congo (911.8 tons)
Imports of Hot-Rolled Bearing Steel Bar in Angola
In 2022, approx. 4.1K tons of hot-rolled bars in bearing steels were imported into Angola; picking up by 65% compared with the previous year. Overall, imports showed significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 153%. As a result, imports attained the peak of 5.7K tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
In value terms, hot-rolled bearing steel bar imports skyrocketed to $2.7M in 2022. Over the period under review, imports saw a resilient increase. The most prominent rate of growth was recorded in 2020 when imports increased by 131%. As a result, imports attained the peak of $3.8M. From 2021 to 2022, the growth of imports failed to regain momentum.
| Import of Hot-Rolled Bearing Steel Bar in Angola (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 1.4 | 3.2 | 1.2 | 2.0 | 12.6% |
| Turkey | 0.2 | 0.5 | 0.2 | 0.4 | 26.0% |
| Others | 0.1 | 0.1 | 0.1 | 0.3 | 44.2% |
| Total | 1.6 | 3.8 | 1.5 | 2.7 | 19.1% |
Top Suppliers of Hot-Rolled Bearing Steel Bar to Angola in 2022:
- China (3.4K tons)
- Turkey (0.6K tons)
This report provides an in-depth analysis of the market for hot-rolled bearing steel bar in Angola. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 24106630 - Hot-rolled bars in bearing steels
Country coverage:
- Angola
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Angola
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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