Angola: Market for Coconut, Abaca, Ramie and other Vegetable Textile Fibres 2024

Market Size for Coconut, Abaca, Ramie and other Vegetable Textile Fibres in Angola

In 2022, the Angolan market for coconut, abaca, ramie and other vegetable textile fibres was finally on the rise to reach $X after three years of decline. In general, consumption enjoyed a resilient increase. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Production of Coconut, Abaca, Ramie and other Vegetable Textile Fibres in Angola

In value terms, production of coconut, abaca, ramie and other vegetable textile fibres fell modestly to $X in 2022 estimated in export price. In general, production, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X. From 2019 to 2022, production of growth remained at a lower figure.

The average yield of coconut, abaca, ramie and other vegetable textile fibres in Angola reached X tons per ha in 2022, stabilizing at the year before. In general, the yield, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 with an increase of X%. The yield of coconut, abaca, ramie and other vegetable textile fibres peaked at X tons per ha in 2013; however, from 2014 to 2022, the yield failed to regain momentum. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the harvested area of coconut, abaca, ramie and other vegetable textile fibres in Angola reduced modestly to X ha, standing approx. at the previous year. In general, the harvested area continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. Over the period under review, the harvested area dedicated to coconut, abaca, ramie and other vegetable textile fibre production attained the peak figure at X ha in 2013; however, from 2014 to 2022, the harvested area stood at a somewhat lower figure.

Exports of Coconut, Abaca, Ramie and other Vegetable Textile Fibres

Exports from Angola

In 2021, after two years of decline, there was decline in shipments abroad of coconut, abaca, ramie and other vegetable textile fibres, when their volume decreased by X% to X kg. In general, exports showed a strong increase. The smallest decline of X% was in 2019. Over the period under review, the exports of hit record highs in 2021 and are expected to retain growth in the immediate term.

In value terms, exports of coconut, abaca, ramie and other vegetable textile fibres amounted to $X in 2021. Overall, exports posted a significant expansion. The smallest decline of X% was in 2019. The exports peaked in 2021 and are likely to continue growth in the immediate term.

Exports by Country

Namibia (X kg) was the main destination for exports of coconut, abaca, ramie and other vegetable textile fibres from Angola, accounting for a approx. X% share of total exports.

From 2018 to 2021, the average annual rate of growth in terms of volume to Namibia was relatively modest.

From 2018 to 2021, the average annual rate of growth in terms of value to Namibia was relatively modest.

Export Prices by Country

In 2021, the average export price for coconut, abaca, ramie and other vegetable textile fibres amounted to $X per ton, remaining constant against the previous year. In general, the export price showed strong growth. The most prominent rate of growth was recorded in 2019 when the average export price decreased by X%. The export price peaked in 2021 and is expected to retain growth in years to come.

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

From 2018 to 2021, the rate of growth in terms of prices for Namibia amounted to X% per year.

Imports of Coconut, Abaca, Ramie and other Vegetable Textile Fibres

Imports into Angola

In 2022, after two years of decline, there was significant growth in supplies from abroad of coconut, abaca, ramie and other vegetable textile fibres, when their volume increased by X% to X tons. In general, imports saw significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, imports of coconut, abaca, ramie and other vegetable textile fibres surged to $X in 2022. Over the period under review, imports enjoyed a resilient increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Spain (X tons) was the main coconut, abaca, ramie and other vegetable textile fibre supplier to Angola, with a X% share of total imports. Moreover, imports of coconut, abaca, ramie and other vegetable textile fibres from Spain exceeded the figures recorded by the second-largest supplier, Portugal (X tons), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume from Spain amounted to X%.

In value terms, the largest coconut, abaca, ramie and other vegetable textile fibre suppliers to Angola were Spain ($X) and Portugal ($X).

In terms of the main suppliers, Portugal, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, over the period under review.

Import Prices by Country

The average import price for coconut, abaca, ramie and other vegetable textile fibres stood at $X per ton in 2022, with an increase of X% against the previous year. In general, the import price, however, saw a drastic downturn. The most prominent rate of growth was recorded in 2018 when the average import price increased by X%. Over the period under review, average import prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a 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 Portugal ($X per ton), while the price for Spain amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Portugal (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :