Angola: Industrial Roundwood Market 2024

Industrial Roundwood Market Size in Angola

The Angolan industrial roundwood market shrank modestly to $X in 2022, with a decrease of X% against the previous year. Overall, consumption continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 with an increase of X% against the previous year. Over the period under review, the market reached the peak level at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Industrial Roundwood Production in Angola

In value terms, industrial roundwood production contracted 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 2016 with an increase of X% against the previous year. Over the period under review, production reached the peak level at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

Industrial Roundwood Exports

Exports from Angola

In 2022, overseas shipments of industrial roundwood increased by X% to X cubic meters, rising for the second consecutive year after three years of decline. Over the period under review, exports showed strong growth. The pace of growth appeared the most rapid in 2021 when exports increased by X%. The exports peaked at X cubic meters in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

In value terms, industrial roundwood exports surged to $X in 2022. Overall, exports saw a remarkable increase. The pace of growth appeared the most rapid in 2021 when exports increased by X%. Over the period under review, the exports hit record highs at $X in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

Exports by Country

Vietnam (X cubic meters), China (X cubic meters) and the United Arab Emirates (X cubic meters) were the main destinations of industrial roundwood exports from Angola, together accounting for X% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Vietnam (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Vietnam ($X), China ($X) and the United Arab Emirates ($X) were the largest markets for industrial roundwood exported from Angola worldwide, with a combined X% share of total exports.

Vietnam, with a CAGR of X%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average industrial roundwood export price stood at $X per cubic meter in 2022, surging by X% against the previous year. Over the period under review, the export price, however, recorded a noticeable curtailment. The most prominent rate of growth was recorded in 2013 an increase of X% against the previous year. As a result, the export price reached the peak level of $X per cubic meter. From 2014 to 2022, the average export prices failed to regain momentum.

Average prices varied somewhat for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per cubic meter), while the average price for exports to China ($X per cubic meter) 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 Arab Emirates (X%), while the prices for the other major destinations experienced mixed trend patterns.

Industrial Roundwood Imports

Imports into Angola

In 2022, imports of industrial roundwood into Angola surged to X cubic meters, growing by X% on the previous year's figure. Overall, imports, however, faced a deep setback. The pace of growth appeared the most rapid in 2019 when imports increased by X% against the previous year. Over the period under review, imports reached the maximum at X cubic meters in 2015; however, from 2016 to 2022, imports remained at a lower figure.

In value terms, industrial roundwood imports declined to $X in 2022. In general, imports, however, continue to indicate a dramatic downturn. The pace of growth was the most pronounced in 2019 when imports increased by X%. Imports peaked at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

South Africa (X cubic meters), Portugal (X cubic meters) and Brazil (X cubic meters) were the main suppliers of industrial roundwood imports to Angola, together comprising X% of total imports. Namibia and Zambia lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Zambia (with a CAGR of X%), while imports for the other leaders experienced a decline.

In value terms, Namibia ($X), Portugal ($X) and Brazil ($X) were the largest industrial roundwood suppliers to Angola, together accounting for X% of total imports. South Africa and Zambia lagged somewhat behind, together accounting for a further X%.

In terms of the main suppliers, Zambia, with a CAGR of X%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

In 2022, the average industrial roundwood import price amounted to $X per cubic meter, falling by X% against the previous year. Over the period under review, the import price showed a drastic downturn. The most prominent rate of growth was recorded 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 cubic meter, and then fell 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 Namibia ($X per cubic meter), while the price for Zambia ($X per cubic meter) was amongst the lowest.

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

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