Angola: Metal Chain Market 2024

Metal Chain Market Size in Angola

The Angolan metal chain market surged to $X in 2022, growing by X% against the previous year. In general, consumption saw significant growth. Metal chain consumption peaked in 2022 and is expected to retain growth in the immediate term.

Metal Chain Production in Angola

In value terms, metal chain production reduced modestly to $X in 2022 estimated in export price. In general, the total production indicated moderate growth from 2012 to 2022: its value 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, production decreased by X% against 2019 indices. The growth pace was the most rapid in 2014 with an increase of X%. Over the period under review, production attained the maximum level at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Metal Chain Exports

Exports from Angola

In 2022, shipments abroad of iron or steel chain increased by X% to X tons, rising for the second consecutive year after two years of decline. Over the period under review, exports recorded significant growth. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. As a result, the exports attained the peak of X tons. From 2017 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, metal chain exports skyrocketed to $X in 2022. In general, exports showed a significant increase. The pace of growth was the most pronounced in 2016 with an increase of X%. As a result, the exports attained the peak of $X. From 2017 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Norway (X tons) was the main destination for metal chain exports from Angola, with a X% share of total exports. Moreover, metal chain exports to Norway exceeded the volume sent to the second major destination, South Africa (X kg), fourfold.

From 2015 to 2022, the average annual growth rate of volume to Norway totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Africa (X% per year) and the United States (X% per year).

In value terms, Norway ($X) emerged as the key foreign market for iron or steel chain exports from Angola, comprising X% of total exports. The second position in the ranking was taken by South Africa ($X), with a X% share of total exports.

From 2015 to 2022, the average annual rate of growth in terms of value to Norway amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Africa (X% per year) and the United States (X% per year).

Export Prices by Country

In 2022, the average metal chain export price amounted to $X per ton, growing by X% against the previous year. Overall, the export price posted buoyant growth. The growth pace was the most rapid in 2021 when the average export price increased by X%. The export price peaked in 2022 and is likely to see gradual growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Norway ($X per ton), while the average price for exports to the United States ($X per ton) was amongst the lowest.

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

Metal Chain Imports

Imports into Angola

In 2022, overseas purchases of iron or steel chain were finally on the rise to reach X tons for the first time since 2018, thus ending a three-year declining trend. Over the period under review, imports, however, continue to indicate a noticeable setback. Over the period under review, imports reached the maximum at X tons in 2013; however, from 2014 to 2022, imports remained at a lower figure.

In value terms, metal chain imports skyrocketed to $X in 2022. Overall, imports, however, showed a abrupt curtailment. The growth pace was the most rapid in 2018 when imports increased by X% against the previous year. Over the period under review, imports reached the peak figure at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of metal chain to Angola, accounting for a X% share of total imports. Moreover, metal chain imports from China exceeded the figures recorded by the second-largest supplier, Portugal (X tons), threefold. The third position in this ranking was taken by Spain (X tons), with a X% share.

From 2012 to 2022, the average annual growth rate of volume from China amounted to 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, Portugal ($X), China ($X) and France ($X) appeared to be the largest metal chain suppliers to Angola, together accounting for X% of total imports. Spain, Norway, South Africa, the UK, Greece, the United States and Belgium lagged somewhat behind, together comprising a further X%.

Greece, with a CAGR of X%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2022, the average metal chain import price amounted to $X per ton, reducing by X% against the previous year. Overall, the import price showed a abrupt shrinkage. The growth pace was the most rapid in 2018 when the average import price increased by X%. As a result, import price attained the peak level of $X per ton. From 2019 to 2022, the average import prices failed to regain momentum.

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

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

Source: IndexBox Platform