Angola: Nitrogen Market 2022

Nitrogen Market Size in Angola

The Angolan nitrogen market rose notably to $X in 2021, surging by X% against the previous year. Over the period under review, the total consumption indicated a slight increase from 2012 to 2021: its value increased at an average annual rate of +X% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -X% against 2019 indices. Nitrogen consumption peaked at $X in 2016; however, from 2017 to 2021, consumption remained at a lower figure.

Nitrogen Production in Angola

In value terms, nitrogen production expanded rapidly to $X in 2021 estimated in export price. Overall, production, however, continues to indicate a perceptible slump. The growth pace was the most rapid in 2015 with an increase of X% against the previous year. Nitrogen production peaked at $X in 2016; however, from 2017 to 2021, production stood at a somewhat lower figure.

Nitrogen Exports

Exports from Angola

Nitrogen exports from Angola skyrocketed to X cubic meters in 2021, surging by X% against the previous year's figure. Overall, exports recorded a resilient expansion. The pace of growth was the most pronounced in 2015 with an increase of X% against the previous year. As a result, the exports reached the peak of X cubic meters. From 2016 to 2021, the growth of the exports remained at a lower figure.

In value terms, nitrogen exports rose markedly to $X in 2021. In general, exports, however, showed a abrupt slump. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

The UK (X cubic meters) was the main destination for nitrogen exports from Angola, accounting for a approx. X% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to the UK stood at +X%.

In value terms, the UK ($X) also remains the key foreign market for nitrogen exports from Angola.

From 2012 to 2021, the average annual rate of growth in terms of value to the UK amounted to -X%.

Export Prices by Country

The average nitrogen export price stood at $X per cubic meter in 2021, shrinking by -X% against the previous year. Overall, the export price recorded a precipitous shrinkage. The pace of growth was the most pronounced in 2017 when the average export price increased by X%. Over the period under review, the average export prices reached the maximum at $X per cubic meter in 2013; however, from 2014 to 2021, the export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for the UK.

From 2012 to 2021, the rate of growth in terms of prices for the UK amounted to -X% per year.

Nitrogen Imports

Imports into Angola

Nitrogen imports into Angola skyrocketed to X cubic meters in 2021, with an increase of X% against 2020 figures. Overall, imports saw a prominent increase. The most prominent rate of growth was recorded in 2013 with an increase of X%. As a result, imports attained the peak of X cubic meters. From 2014 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, nitrogen imports rose modestly to $X in 2021. In general, imports, however, continue to indicate a pronounced shrinkage. The most prominent rate of growth was recorded in 2013 with an increase of X%. As a result, imports attained the peak of $X. From 2014 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2021, Namibia (X cubic meters) constituted the largest nitrogen supplier to Angola, with a X% share of total imports. Moreover, nitrogen imports from Namibia exceeded the figures recorded by the second-largest supplier, Congo (X cubic meters), fourfold. The third position in this ranking was taken by South Africa (X cubic meters), with a X% share.

From 2012 to 2021, the average annual growth rate of volume from Namibia stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Congo (+X% per year) and South Africa (+X% per year).

In value terms, the largest nitrogen suppliers to Angola were Congo ($X), Portugal ($X) and South Africa ($X), together comprising X% of total imports.

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

Import Prices by Country

The average nitrogen import price stood at $X per cubic meter in 2021, falling by -X% against the previous year. Over the period under review, the import price continues to indicate a drastic downturn. The growth pace was the most rapid in 2015 when the average import price increased by X%. As a result, import price reached the peak level of $X per cubic meter. From 2016 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 Portugal ($X per cubic meter), while the price for Namibia ($X per cubic meter) was amongst the lowest.

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

Source: IndexBox Platform