Angola: Market for Saturated Acyclic Monocarboxylic Acids 2024

Market Size for Saturated Acyclic Monocarboxylic Acids in Angola

The Angolan saturated acyclic monocarboxylic acids market rose remarkably to $X in 2023, picking up by X% against the previous year. Overall, the total consumption indicated temperate growth from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, consumption decreased by X% against 2021 indices. Over the period under review, the market attained the maximum level at $X in 2018; however, from 2019 to 2023, consumption failed to regain momentum.

Production of Saturated Acyclic Monocarboxylic Acids in Angola

In value terms, saturated acyclic monocarboxylic acids production stood at $X in 2023 estimated in export price. Overall, the total production indicated pronounced growth from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, production decreased by X% against 2021 indices. The pace of growth was the most pronounced in 2017 when the production volume increased by X% against the previous year. Saturated acyclic monocarboxylic acids production peaked at $X in 2018; however, from 2019 to 2023, production failed to regain momentum.

Exports of Saturated Acyclic Monocarboxylic Acids

Exports from Angola

In 2023, shipments abroad of saturated acyclic monocarboxylic acids increased by X% to X tons for the first time since 2020, thus ending a two-year declining trend. In general, exports, however, saw a deep contraction. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. As a result, the exports reached the peak of X tons. From 2019 to 2023, the growth of the exports failed to regain momentum.

In value terms, saturated acyclic monocarboxylic acids exports rose to $X in 2023. Over the period under review, exports, however, recorded a abrupt slump. The growth pace was the most rapid in 2018 when exports increased by X% against the previous year. As a result, the exports attained the peak of $X. From 2019 to 2023, the growth of the exports failed to regain momentum.

Exports by Country

Nigeria (X tons) was the main destination for saturated acyclic monocarboxylic acids exports from Angola, with a X% share of total exports. Moreover, saturated acyclic monocarboxylic acids exports to Nigeria exceeded the volume sent to the second major destination, Congo (X tons), twofold.

From 2012 to 2023, the average annual rate of growth in terms of volume to Nigeria amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Congo (X% per year) and Democratic Republic of the Congo (X% per year).

In value terms, the largest markets for saturated acyclic monocarboxylic acids exported from Angola were Nigeria ($X), Congo ($X) and Democratic Republic of the Congo ($X).

Democratic Republic of the Congo, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2023, the average saturated acyclic monocarboxylic acids export price amounted to $X per ton, flattening at the previous year. In general, export price indicated temperate growth from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, saturated acyclic monocarboxylic acids export price increased by X% against 2018 indices. The pace of growth was the most pronounced in 2017 when the average export price increased by X%. As a result, the export price reached the peak level of $X per ton. From 2018 to 2023, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2023, amid the top suppliers, the country with the highest price was Congo ($X per ton), while the average price for exports to Democratic Republic of the Congo ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Namibia (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Saturated Acyclic Monocarboxylic Acids

Imports into Angola

In 2023, the amount of saturated acyclic monocarboxylic acids imported into Angola soared to X tons, picking up by X% compared with the previous year. Overall, imports, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when imports increased by X%. As a result, imports attained the peak of X tons. From 2022 to 2023, the growth of imports remained at a lower figure.

In value terms, saturated acyclic monocarboxylic acids imports soared to $X in 2023. Over the period under review, imports recorded a tangible expansion. The growth pace was the most rapid in 2021 when imports increased by X% against the previous year. As a result, imports reached the peak of $X. From 2022 to 2023, the growth of imports remained at a lower figure.

Imports by Country

In 2023, Indonesia (X tons) constituted the largest saturated acyclic monocarboxylic acids supplier to Angola, with a X% share of total imports. Moreover, saturated acyclic monocarboxylic acids imports from Indonesia exceeded the figures recorded by the second-largest supplier, South Africa (X tons), threefold. Portugal (X tons) ranked third in terms of total imports with an X% share.

From 2012 to 2023, the average annual rate of growth in terms of volume from Indonesia totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: South Africa (X% per year) and Portugal (X% per year).

In value terms, Indonesia ($X), South Africa ($X) and Portugal ($X) appeared to be the largest saturated acyclic monocarboxylic acids suppliers to Angola, with a combined X% share of total imports. The Netherlands, Germany, South Korea, China, the United States, Belgium, the UK, India and Spain lagged somewhat behind, together comprising a further X%.

Spain, with a CAGR of X%, saw 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 more modest paces of growth.

Import Prices by Country

In 2023, the average saturated acyclic monocarboxylic acids import price amounted to $X per ton, with a decrease of X% against the previous year. In general, the import price, however, continues to indicate a noticeable expansion. The pace of growth was the most pronounced in 2013 an increase of X%. The import price peaked at $X per ton in 2014; however, from 2015 to 2023, import prices stood at a somewhat lower figure.

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

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Singapore (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform