Report Update Apr 1, 2024

Angola - Hot-Rolled Bars in Free-Cutting Steels - Market Analysis, Forecast, Size, Trends and Insights

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Angola: Hot-Rolled Free-Cutting Steel Market 2024

Hot-Rolled Free-Cutting Steel Market Size in Angola

The Angolan hot-rolled free-cutting steel market fell significantly to $X in 2022, shrinking by X% against the previous year. In general, consumption recorded a significant decline. The pace of growth was the most pronounced in 2017 with a decrease of X% against the previous year. Hot-rolled free-cutting steel consumption peaked at $X in 2015; however, from 2016 to 2022, consumption failed to regain momentum.

Hot-Rolled Free-Cutting Steel Production in Angola

In value terms, hot-rolled free-cutting steel production totaled less than $X in 2022 estimated in export price. Overall, production showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when the production volume decreased by X% against the previous year. Over the period under review, production reached the maximum level at $X in 2016; however, from 2017 to 2022, production remained at a lower figure.

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Hot-Rolled Free-Cutting Steel Exports

Exports from Angola

In 2022, shipments abroad of hot-rolled bars in free-cutting steels increased by X% to X tons, rising for the fourth year in a row after two years of decline. In general, exports enjoyed significant growth. The growth pace was the most rapid in 2016 when exports increased by X%. The exports peaked in 2022 and are expected to retain growth in the near future.

In value terms, hot-rolled free-cutting steel exports skyrocketed to $X in 2022. Overall, exports continue to indicate a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Democratic Republic of the Congo (X tons) was the main destination for hot-rolled free-cutting steel exports from Angola, with a X% share of total exports. It was followed by Namibia (X tons), with a X% share of total exports.

From 2015 to 2022, the average annual rate of growth in terms of volume to Democratic Republic of the Congo stood at X%.

In value terms, Democratic Republic of the Congo ($X) remains the key foreign market for hot-rolled bars in free-cutting steels exports from Angola, comprising X% of total exports. The second position in the ranking was taken by Namibia ($X), with a X% share of total exports.

From 2015 to 2022, the average annual growth rate of value to Democratic Republic of the Congo stood at X%.

Export Prices by Country

In 2022, the average hot-rolled free-cutting steel export price amounted to $X per ton, waning by X% against the previous year. In general, the export price continues to indicate a sharp curtailment. Over the period under review, the average export prices hit record highs at $X per ton in 2015; however, from 2016 to 2022, the export prices failed to regain momentum.

Average prices varied noticeably for the major external 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 Namibia stood at $X per ton.

From 2015 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Democratic Republic of the Congo (X%).

Hot-Rolled Free-Cutting Steel Imports

Imports into Angola

In 2022, approx. X tons of hot-rolled bars in free-cutting steels were imported into Angola; surging by X% against the previous year. Overall, imports, however, recorded a deep contraction. The pace of growth was the most pronounced in 2017 with an increase of X%. Over the period under review, imports attained the peak figure at X tons in 2013; however, from 2014 to 2022, imports failed to regain momentum.

In value terms, hot-rolled free-cutting steel imports skyrocketed to $X in 2022. Over the period under review, imports, however, faced a abrupt curtailment. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Imports peaked at $X in 2013; however, from 2014 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of hot-rolled free-cutting steel to Angola, with a X% share of total imports. Moreover, hot-rolled free-cutting steel imports from China exceeded the figures recorded by the second-largest supplier, Portugal (X tons), fivefold.

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

In value terms, China ($X) constituted the largest supplier of hot-rolled bars in free-cutting steels to Angola, comprising X% of total imports. The second position in the ranking was held by Portugal ($X), with a X% share of total imports.

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

Import Prices by Country

The average hot-rolled free-cutting steel import price stood at $X per ton in 2022, increasing by X% against the previous year. Overall, import price indicated a resilient 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, hot-rolled free-cutting steel import price increased by X% against 2020 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably 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 China stood at $X per ton.

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for hot-rolled bars in free-cutting steels in the world?

The country with the largest volume of hot-rolled free-cutting steel consumption was Thailand, accounting for 30% of total volume. Moreover, hot-rolled free-cutting steel consumption in Thailand exceeded the figures recorded by the second-largest consumer, the UK, twofold. Italy ranked third in terms of total consumption with an 8.9% share.

What are the largest producers of hot-rolled bars in free-cutting steels in the world?

The country with the largest volume of hot-rolled free-cutting steel production was Thailand, comprising approx. 30% of total volume. Moreover, hot-rolled free-cutting steel production in Thailand exceeded the figures recorded by the second-largest producer, the UK, twofold. Japan ranked third in terms of total production with a 7.2% share.

What are the leading suppliers of hot-rolled bars in free-cutting steels to Angola?

In value terms, China constituted the largest supplier of hot-rolled bars in free-cutting steels to Angola, comprising 81% of total imports. The second position in the ranking was held by Portugal, with a 19% share of total imports.

What are the leading importers of hot-rolled bars in free-cutting steels from Angola?

In value terms, Democratic Republic of the Congo remains the key foreign market for hot-rolled bars in free-cutting steels exports from Angola, comprising 100% of total exports. The second position in the ranking was held by Namibia, with a 0.4% share of total exports.

What is the average export price for hot-rolled bars in free-cutting steels in Angola?

In 2022, the average hot-rolled free-cutting steel export price amounted to $881 per ton, which is down by -26.2% against the previous year.

What is the average import price for hot-rolled bars in free-cutting steels in Angola?

The average hot-rolled free-cutting steel import price stood at $1,933 per ton in 2022, growing by 57% against the previous year.

This report provides an in-depth analysis of the hot-rolled free-cutting steel market in Angola. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 24106230 - Hot-rolled bars in free-cutting steels

Country coverage:

Angola

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Angola
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

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This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
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While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023