Angola: Blanket Market 2024

Blanket Market Size in Angola

The Angolan blanket market dropped to $X in 2022, reducing by X% against the previous year. Over the period under review, consumption, however, showed a slight slump. Over the period under review, the market attained the maximum level at $X in 2015; however, from 2016 to 2022, consumption remained at a lower figure.

Blanket Production in Angola

In value terms, blanket production contracted to $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate resilient growth. The growth pace was the most rapid in 2015 when the production volume increased by X%. Blanket production peaked at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Blanket Exports

Exports from Angola

In 2022, blanket exports from Angola soared to X units, rising by X% against the previous year's figure. Overall, exports enjoyed a buoyant expansion. The pace of growth was the most pronounced in 2019 when exports increased by X% against the previous year. Over the period under review, the exports attained the peak figure at X units in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

In value terms, blanket exports skyrocketed to $X in 2022. Over the period under review, exports posted a remarkable increase. The pace of growth was the most pronounced in 2019 when exports increased by X% against the previous year. As a result, the exports reached the peak of $X. From 2020 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Democratic Republic of the Congo (X units) was the main destination for blanket exports from Angola, with a X% share of total exports. Moreover, blanket exports to Democratic Republic of the Congo exceeded the volume sent to the second major destination, South Africa (X units), sevenfold. The third position in this ranking was taken by Portugal (X units), with a X% share.

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

In value terms, Democratic Republic of the Congo ($X) remains the key foreign market for blankets and traveling rugs (except electric blankets) exports from Angola, comprising X% of total exports. The second position in the ranking was held by South Africa ($X), with a X% share of total exports. It was followed by the United States, with a X% share.

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

Export Prices by Country

The average blanket export price stood at $X per unit in 2022, picking up by X% against the previous year. Over the period under review, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 an increase of X%. As a result, the export price reached the peak level of $X per unit. From 2020 to 2022, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Sao Tome and Principe ($X per unit), while the average price for exports to Brazil ($X per unit) was amongst the lowest.

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

Blanket Imports

Imports into Angola

In 2022, after two years of decline, there was significant growth in overseas purchases of blankets and traveling rugs (except electric blankets), when their volume increased by X% to X units. Over the period under review, imports, however, faced a abrupt setback. The most prominent rate of growth was recorded in 2019 when imports increased by X%. Over the period under review, imports hit record highs at X units in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, blanket imports contracted modestly to $X in 2022. In general, imports, however, saw a abrupt curtailment. The growth pace was the most rapid in 2019 when imports increased by X% against the previous year. Over the period under review, imports attained the maximum at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X units) constituted the largest blanket supplier to Angola, accounting for a X% share of total imports. Moreover, blanket imports from China exceeded the figures recorded by the second-largest supplier, Hong Kong SAR (X units), more than tenfold. Belgium (X units) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual growth rate of volume from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Hong Kong SAR (X% per year) and Belgium (X% per year).

In value terms, the largest blanket suppliers to Angola were Belgium ($X), China ($X) and Hong Kong SAR ($X), together accounting for X% of total imports.

In terms of the main suppliers, Belgium, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average blanket import price stood at $X per unit in 2022, shrinking by X% against the previous year. In general, import price indicated a measured increase 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, blanket import price increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2013 an increase of X% against the previous year. Over the period under review, average import prices hit record highs at $X per unit in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

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 Belgium ($X per unit), while the price for China ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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