Angola - Methanal (Formaldehyde) - Market Analysis, Forecast, Size, Trends and Insights
Update: COVID-19 Impact
Angola: Formaldehyde Market 2022
Formaldehyde Market Size in Angola
The Angolan formaldehyde market fell rapidly to $X in 2021, waning by -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). In general, consumption showed a abrupt setback. Formaldehyde consumption peaked at $X in 2018; however, from 2019 to 2021, consumption remained at a lower figure.
Imports into Angola
In 2021, formaldehyde imports into Angola shrank sharply to X tons, reducing by -X% compared with the previous year. Over the period under review, imports saw a abrupt contraction. The pace of growth was the most pronounced in 2020 with an increase of X% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.
In value terms, formaldehyde imports dropped notably to $X in 2021. Overall, imports recorded a abrupt curtailment. The pace of growth appeared the most rapid in 2020 when imports increased by X% against the previous year. Imports peaked at $X in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.
Imports by Country
In 2021, South Africa (X tons) constituted the largest supplier of formaldehyde to Angola, accounting for a X% share of total imports. Moreover, formaldehyde imports from South Africa exceeded the figures recorded by the second-largest supplier, Belgium (X tons), threefold. China (X tons) ranked third in terms of total imports with a X% share.
From 2012 to 2021, the average annual growth rate of volume from South Africa stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (+X% per year) and China (-X% per year).
In value terms, China ($X), South Africa ($X) and Belgium ($X) were the largest formaldehyde suppliers to Angola, with a combined X% share of total imports.
South Africa, with a CAGR of +X%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced a decline.
Import Prices by Country
The average formaldehyde import price stood at $X per ton in 2021, increasing by X% against the previous year. Over the period under review, the import price, however, showed a mild decrease. The most prominent rate of growth was recorded in 2017 an increase of X% against the previous year. As a result, import price attained the peak level of $X per ton. From 2018 to 2021, the average import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was China ($X per ton), while the price for South Africa ($X per ton) was amongst the lowest.
From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+X%), while the prices for the other major suppliers experienced a decline.
Source: IndexBox Platform
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This report provides an in-depth analysis of the formaldehyde 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.
Making Data-Driven Decisions to Grow Your Business
A Quick Overview of Market Performance
Understanding the Current State of The Market and Its Prospects
Finding New Products to Diversify Your Business
Choosing the Best Countries to Establish Your Sustainable Supply Chain
Choosing the Best Countries to Boost Your Exports
The Latest Trends and Insights into The Industry
The Largest Import Supplying Countries
The Largest Destinations for Exports
The Largest Producers on The Market and Their Profiles
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