Angola: Stainless Steel Angle Market 2024

Stainless Steel Angle Market Size in Angola

The Angolan stainless steel angle market stood at $X in 2022, increasing by X% against the previous year. Over the period under review, consumption, however, continues to indicate a perceptible decrease. Stainless steel angle consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Stainless Steel Angle Production in Angola

In value terms, stainless steel angle production rose significantly to $X in 2022 estimated in export price. Overall, production, however, recorded a noticeable setback. The pace of growth was the most pronounced in 2020 when the production volume increased by X%. Over the period under review, production attained the peak level at $X in 2016; however, from 2017 to 2022, production stood at a somewhat lower figure.

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Stainless Steel Angle Exports

Exports from Angola

In 2022, the amount of angles, shapes and sections of stainless steel or other alloy steel exported from Angola skyrocketed to X tons, with an increase of X% against the previous year. In general, exports posted a significant increase. The most prominent rate of growth was recorded in 2018 with an increase of X%. The exports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, stainless steel angle exports rose notably to $X in 2022. Over the period under review, exports enjoyed a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to see gradual growth in the near future.

Exports by Country

Democratic Republic of the Congo (X tons) was the main destination for stainless steel angle exports from Angola, accounting for a X% share of total exports. Moreover, stainless steel angle exports to Democratic Republic of the Congo exceeded the volume sent to the second major destination, Mauritania (X tons), fourfold.

From 2012 to 2022, the average annual growth rate of volume to Democratic Republic of the Congo stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mauritania (X% per year) and South Africa (X% per year).

In value terms, Democratic Republic of the Congo ($X) remains the key foreign market for angles, shapes and sections of stainless steel or other alloy steel exports from Angola, comprising X% of total exports. The second position in the ranking was held by Mauritania ($X), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Democratic Republic of the Congo amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mauritania (X% per year) and South Africa (X% per year).

Export Prices by Country

The average stainless steel angle export price stood at $X per ton in 2022, dropping by X% against the previous year. Overall, the export price saw a drastic downturn. The most prominent rate of growth was recorded in 2020 an increase of X%. The export price peaked at $X per ton in 2015; however, from 2016 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Democratic Republic of the Congo ($X per ton), while the average price for exports to Mauritania ($X 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 Democratic Republic of the Congo (X%).

Stainless Steel Angle Imports

Imports into Angola

In 2022, the amount of angles, shapes and sections of stainless steel or other alloy steel imported into Angola reduced to X tons, dropping by X% on the previous year. In general, imports saw a dramatic slump. The most prominent rate of growth was recorded in 2018 when imports increased by X% against the previous year. Over the period under review, imports reached the maximum at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, stainless steel angle imports dropped remarkably to $X in 2022. Overall, imports continue to indicate a sharp curtailment. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X tons) constituted the largest stainless steel angle supplier to Angola, with a X% share of total imports. Moreover, stainless steel angle imports from China exceeded the figures recorded by the second-largest supplier, Portugal (X tons), ninefold. The third position in this ranking was taken by the UK (X tons), with a X% share.

From 2012 to 2022, the average annual growth rate of volume from China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Portugal (X% per year) and the UK (X% per year).

In value terms, China ($X) constituted the largest supplier of angles, shapes and sections of stainless steel or other alloy steel to Angola, comprising X% of total imports. The second position in the ranking was taken by the United States ($X), with a X% share of total imports. It was followed by the UK, with a X% share.

From 2012 to 2022, the average annual growth rate of value from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (X% per year) and the UK (X% per year).

Import Prices by Country

The average stainless steel angle import price stood at $X per ton in 2022, which is down by X% against the previous year. Overall, import price indicated moderate growth from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, stainless steel angle import price increased by X% against 2018 indices. The growth pace was the most rapid in 2021 when the average import price increased by X% against the previous year. As a result, import price reached the peak level of $X per ton, and then contracted markedly in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was France ($X per ton), while the price for China ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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