Angola: Acetic Anhydride Market 2022

Acetic Anhydride Market Size in Angola

In 2021, after six years of growth, there was significant decline in the Angolan acetic anhydride market, when its value decreased by -18.9% to $X. Over the period under review, consumption, however, enjoyed a strong increase. Over the period under review, the market reached the maximum level at $X in 2020, and then dropped significantly in the following year.

Acetic Anhydride Exports

Exports from Angola

In 2021, after two years of decline, there was significant growth in shipments abroad of acetic anhydride, when their volume increased by 63% to X tons. Over the period under review, exports recorded a remarkable increase. The most prominent rate of growth was recorded in 2017 with an increase of 99% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

In value terms, acetic anhydride exports surged to $X in 2021. Overall, exports showed slight growth. The most prominent rate of growth was recorded in 2018 when exports increased by 154% against the previous year. As a result, the exports reached the peak of $X. From 2019 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Congo (X tons) was the main destination for acetic anhydride exports from Angola, accounting for a approx. 100% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to Congo stood at +7.2%.

In value terms, Congo ($X) also remains the key foreign market for acetic anhydride exports from Angola.

From 2012 to 2021, the average annual growth rate of value to Congo stood at +1.0%.

Export Prices by Country

The average acetic anhydride export price stood at $X per ton in 2021, with a decrease of -26.2% against the previous year. Over the period under review, the export price showed a abrupt contraction. The pace of growth was the most pronounced in 2020 when the average export price increased by 61%. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for Congo.

From 2012 to 2021, the rate of growth in terms of prices for Congo amounted to -5.8% per year.

Acetic Anhydride Imports

Imports into Angola

In 2021, supplies from abroad of acetic anhydride decreased by -0.2% to X tons for the first time since 2014, thus ending a six-year rising trend. Over the period under review, imports, however, showed a prominent expansion. The pace of growth was the most pronounced in 2019 when imports increased by 101% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2020, and then fell slightly in the following year.

In value terms, acetic anhydride imports dropped to $X in 2021. In general, imports, however, showed moderate growth. The pace of growth was the most pronounced in 2019 when imports increased by 99% against the previous year. Imports peaked at $X in 2020, and then shrank modestly in the following year.

Imports by Country

In 2021, the United States (X tons) was the main acetic anhydride supplier to Angola, accounting for a 100% share of total imports. It was followed by Portugal (X kg), with a 0.2% share of total imports.

From 2012 to 2021, the average annual growth rate of volume from the United States stood at +35.5%.

In value terms, the United States ($X) constituted the largest supplier of acetic anhydride to Angola, comprising 100% of total imports. The second position in the ranking was taken by Portugal ($X), with a 0.3% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from the United States totaled +44.2%.

Import Prices by Country

The average acetic anhydride import price stood at $X per ton in 2021, flattening at the previous year. Overall, the import price, however, recorded a abrupt descent. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Portugal ($X per ton), while the price for the United States stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+6.4%).

Source: IndexBox Market Intelligence Platform

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