Angola: Market for Silk Shawls And Scarves 2022

Market Size for Silk Shawls And Scarves in Angola

The Angolan silk shawl and scarf market dropped to $X in 2021, declining by -X% against the previous year. Overall, consumption saw a abrupt downturn. Over the period under review, the market attained the peak level at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Production of Silk Shawls And Scarves in Angola

In value terms, silk shawl and scarf production reduced to $X in 2021 estimated in export price. In general, production saw a abrupt descent. The pace of growth was the most pronounced in 2020 with an increase of X%. Over the period under review, production attained the peak level at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Exports of Silk Shawls And Scarves

Exports from Angola

In 2021, the amount of silk shawls and scarves exported from Angola stood at less than X units, remaining stable against 2020 figures. Over the period under review, exports showed a relatively flat trend pattern.

In value terms, silk shawl and scarf exports totaled $X in 2021. Overall, exports recorded a deep setback. The exports peaked at $X in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

Imports of Silk Shawls And Scarves

Imports into Angola

In 2021, after three years of growth, there was significant decline in purchases abroad of silk shawls and scarves, when their volume decreased by -X% to X units. Over the period under review, imports, however, enjoyed a significant increase. The growth pace was the most rapid in 2020 with an increase of X% against the previous year. As a result, imports attained the peak of X units, and then reduced notably in the following year.

In value terms, silk shawl and scarf imports declined significantly to $X in 2021. Overall, imports, however, continue to indicate buoyant growth. The most prominent rate of growth was recorded in 2020 when imports increased by X% against the previous year. As a result, imports attained the peak of $X, and then shrank remarkably in the following year.

Imports by Country

In 2021, China (X units) was the main silk shawl and scarf supplier to Angola, accounting for a X% share of total imports. It was followed by India (X units), with less than X% share of total imports.

From 2012 to 2021, 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: India (+X% per year) and Portugal (-X% per year).

In value terms, China ($X) constituted the largest supplier of silk shawl and scarf to Angola, comprising X% of total imports. The second position in the ranking was taken by Portugal ($X), with an X% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from China stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Portugal (+X% per year) and India (+X% per year).

Import Prices by Country

In 2021, the average silk shawl and scarf import price amounted to $X per unit, reducing by -X% against the previous year. Overall, the import price continues to indicate a noticeable curtailment. The growth pace was the most rapid in 2014 when the average import price increased by X%. The import price peaked at $X per unit in 2017; however, from 2018 to 2021, import prices failed to regain momentum.

Prices varied noticeably by the country of origin: the country with the highest price was Portugal ($X per unit), while the price for China ($X per unit) was amongst the lowest.

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

Source: IndexBox Market Intelligence Platform

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