Angola: Monocarboxylic Acid Market 2022

Monocarboxylic Acid Market Size in Angola

The Angolan monocarboxylic acid market soared to $X in 2021, increasing by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption, however, showed a deep setback. Over the period under review, the market reached the maximum level at $X in 2015; however, from 2016 to 2021, consumption failed to regain momentum.

Monocarboxylic Acid Exports

Exports from Angola

In 2021, exports of acrylic acid and its salts and other monocarboxylic acid from Angola totaled less than X kg, leveling off at the year before. Overall, exports saw a relatively flat trend pattern.

In value terms, monocarboxylic acid exports stood at less than $X in 2021. In general, exports continue to indicate a relatively flat trend pattern. The exports peaked at $X in 2015; however, from 2016 to 2021, the exports failed to regain momentum.

Monocarboxylic Acid Imports

Imports into Angola

After two years of decline, purchases abroad of acrylic acid and its salts and other monocarboxylic acid increased by X% to X tons in 2021. Over the period under review, imports, however, saw a deep contraction. Over the period under review, imports attained the peak figure at X tons in 2015; however, from 2016 to 2021, imports remained at a lower figure.

In value terms, monocarboxylic acid imports soared to $X in 2021. Overall, imports, however, continue to indicate a noticeable contraction. Imports peaked at $X in 2013; however, from 2014 to 2021, imports failed to regain momentum.

Imports by Country

Portugal (X tons), China (X tons) and Germany (X tons) were the main suppliers of monocarboxylic acid imports to Angola, together comprising X% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Germany (with a CAGR of +X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Portugal ($X), China ($X) and Germany ($X) constituted the largest monocarboxylic acid suppliers to Angola, together accounting for X% of total imports. These countries were followed by the Netherlands, South Africa, Israel and Belgium, which together accounted for a further X Netherlands, with a CAGR of +X%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average monocarboxylic acid import price amounted to $X per ton, surging by X% against the previous year. In general, import price indicated a tangible expansion from 2012 to 2021: its price increased at an average annual rate of +X% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, monocarboxylic acid import price decreased by -X% against 2019 indices. The pace of growth was the most pronounced in 2017 when the average import price increased by X%. Over the period under review, average import prices reached the maximum at $X per ton in 2019; however, from 2020 to 2021, import prices remained at a lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was South Africa ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform