Angola: Densified Wood Market 2024

Densified Wood Market Size in Angola

After three years of growth, the Angolan densified wood market decreased by X% to $X in 2022. In general, consumption continues to indicate a precipitous curtailment. Over the period under review, the market attained the peak level at $X in 2021, and then fell rapidly in the following year.

Densified Wood Production in Angola

In value terms, densified wood production totaled $X in 2022 estimated in export price. Overall, production enjoyed a buoyant expansion. The growth pace was the most rapid in 2019 when the production volume increased by X% against the previous year. Densified wood production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Densified Wood Exports

Exports from Angola

In 2022, densified wood exports from Angola surged to X tons, increasing by X% compared with the year before. Over the period under review, exports recorded a significant increase. The most prominent rate of growth was recorded in 2018 with an increase of X,095%. Over the period under review, the exports attained the maximum at X tons in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, densified wood exports amounted to $X in 2022. In general, exports posted a significant expansion. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are likely to see steady growth in years to come.

Exports by Country

South Africa (X tons) was the main destination for densified wood exports from Angola, with a X% share of total exports. Moreover, densified wood exports to South Africa exceeded the volume sent to the second major destination, Vietnam (X tons), eightfold. The third position in this ranking was taken by Portugal (X tons), with a X% share.

From 2017 to 2022, the average annual growth rate of volume to South Africa stood at X.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Vietnam (X% per year) and Portugal (X% per year).

In value terms, Vietnam ($X) remains the key foreign market for densified wood exports from Angola, comprising X% of total exports. The second position in the ranking was held by China ($X), with a X% share of total exports. It was followed by South Africa, with a X% share.

From 2017 to 2022, the average annual rate of growth in terms of value to Vietnam amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (X% per year) and South Africa (X% per year).

Export Prices by Country

In 2022, the average densified wood export price amounted to $X per ton, reducing by X% against the previous year. In general, the export price showed a dramatic contraction. The growth pace was the most rapid in 2020 an increase of X%. Over the period under review, the average export prices reached the peak figure at $X,736 per ton in 2021, and then contracted markedly in the following year.

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 Vietnam ($X per ton), while the average price for exports to South Africa ($X per ton) was amongst the lowest.

From 2017 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to France (X%), while the prices for the other major destinations experienced a decline.

Densified Wood Imports

Imports into Angola

In 2022, the amount of densified wood imported into Angola contracted markedly to X tons, with a decrease of X% compared with 2021 figures. In general, imports recorded a deep reduction. The growth pace was the most rapid in 2021 when imports increased by X% against the previous year. Imports peaked at X tons in 2013; however, from 2014 to 2022, imports failed to regain momentum.

In value terms, densified wood imports contracted significantly to $X in 2022. Overall, imports recorded a precipitous setback. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, imports attained the peak figure at $X in 2013; however, from 2014 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X tons) constituted the largest densified wood supplier to Angola, accounting for a X% share of total imports. Moreover, densified wood imports from China exceeded the figures recorded by the second-largest supplier, Portugal (X tons), sixfold. Spain (X tons) ranked third in terms of total imports with a X% share.

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

In value terms, the largest densified wood suppliers to Angola were Portugal ($X), China ($X) and Spain ($X), with a combined X% share of total imports.

Among the main suppliers, Spain, 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

In 2022, the average densified wood import price amounted to $X per ton, declining by X% against the previous year. Overall, the import price saw a deep slump. The pace of growth appeared the most rapid in 2017 an increase of X% against the previous year. As a result, import price reached the peak level of $X per ton. From 2018 to 2022, the average import prices remained at a somewhat lower figure.

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

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

Source: IndexBox Platform

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