Angola: Metal Chain Market 2022

Metal Chain Market Size in Angola

The Angolan metal chain market skyrocketed to $X in 2021, with an increase of X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption, however, continues to indicate a abrupt decrease. Over the period under review, the market attained the maximum level at $X in 2014; however, from 2015 to 2021, consumption remained at a lower figure.

Metal Chain Exports

Exports from Angola

In 2021, shipments abroad of iron or steel chain increased by X% to X tons, rising for the second year in a row after three years of decline. Over the period under review, exports enjoyed a perceptible increase. The growth pace was the most rapid in 2020 when exports increased by X%. The exports peaked at X tons in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

In value terms, metal chain exports skyrocketed to $X in 2021. Overall, exports showed a resilient increase. The most prominent rate of growth was recorded in 2019 when exports increased by X% against the previous year. As a result, the exports attained the peak of $X. From 2020 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

South Africa (X tons) was the main destination for metal chain exports from Angola, accounting for a X% share of total exports. Moreover, metal chain exports to South Africa exceeded the volume sent to the second major destination, Congo (X kg), more than tenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume to South Africa totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Congo (-X% per year) and Portugal (+X% per year).

In value terms, South Africa ($X) remains the key foreign market for metal chain exports from Angola, comprising X% of total exports. The second position in the ranking was occupied by Portugal ($X), with a X% share of total exports.

From 2012 to 2021, the average annual growth rate of value to South Africa amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Portugal (+X% per year) and Congo (-X% per year).

Export Prices by Country

In 2021, the average metal chain export price amounted to $X per ton, approximately reflecting the previous year. Over the period under review, the export price posted a prominent expansion. The pace of growth was the most pronounced in 2019 an increase of X%. As a result, the export price reached the peak level of $X per ton. From 2020 to 2021, the the average export prices failed to regain momentum.

Prices varied noticeably by the country of destination: the country with the highest price was Portugal ($X per ton), while the average price for exports to South Africa ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Congo (+X%), while the prices for the other major destinations experienced mixed trend patterns.

Metal Chain Imports

Imports into Angola

In 2021, the amount of iron or steel chain imported into Angola reached X tons, increasing by X% against 2020. Overall, imports, however, continue to indicate a abrupt decline. The pace of growth was the most pronounced in 2019 with an increase of X% against the previous year. Imports peaked at X tons in 2016; however, from 2017 to 2021, imports stood at a somewhat lower figure.

In value terms, metal chain imports soared to $X in 2021. Over the period under review, imports, however, showed a deep reduction. The most prominent rate of growth was recorded in 2013 with an increase of X%. Imports peaked at $X in 2014; however, from 2015 to 2021, imports failed to regain momentum.

Imports by Country

The United States (X tons), the UK (X tons) and China (X tons) were the main suppliers of metal chain imports to Angola, together accounting for X% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the United States (with a CAGR of +X%), while imports for the other leaders experienced mixed trend patterns.

In value terms, the United States ($X), the UK ($X) and Spain ($X) constituted the largest metal chain suppliers to Angola, together accounting for X% of total imports.

Among the main suppliers, the United States, with a CAGR of -X%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

The average metal chain import price stood at $X per ton in 2021, picking up by X% against the previous year. Over the period under review, the import price saw buoyant growth. The growth pace was the most rapid in 2018 an increase of X% against the previous year. The import price peaked in 2021 and is expected to retain growth in the near future.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Spain ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Spain (+X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform