Angola: Mineral Wool Market 2022

Mineral Wool Market Size in Angola

In 2021, the Angolan mineral wool market increased by X% to $X for the first time since 2016, thus ending a four-year declining trend. In general, consumption, however, saw a deep slump. Mineral wool consumption peaked at $X in 2016; however, from 2017 to 2021, consumption failed to regain momentum.

Mineral Wool Exports

Exports from Angola

In 2019, shipments abroad of slag wool, rock wool and similar mineral wools and mixtures decreased by -X% to X tons, falling for the third year in a row after three years of growth. Over the period under review, exports faced a sharp reduction. The most prominent rate of growth was recorded in 2016 with an increase of X%. Over the period under review, the exports attained the maximum at X tons in 2012; however, from 2013 to 2019, the exports failed to regain momentum.

In value terms, mineral wool exports fell significantly to $X in 2019. In general, exports continue to indicate a sharp decrease. Over the period under review, the exports attained the peak figure at $X in 2012; however, from 2013 to 2019, the exports remained at a lower figure.

Exports by Country

Belgium (X kg) and the Netherlands (X kg) were the main destinations of mineral wool exports from Angola.

From 2012 to 2019, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the Netherlands (with a CAGR of X value terms, the largest markets for mineral wool exported from Angola were the Netherlands ($X) and Belgium ($X Netherlands, with a CAGR of X%, recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review.

Export Prices by Country

The average mineral wool export price stood at $X per ton in 2019, remaining relatively unchanged against the previous year. Over the period under review, the export price saw a deep downturn. The pace of growth was the most pronounced in 2018 an increase of X% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2019, the export prices failed to regain momentum.

Average prices varied noticeably for the major foreign markets. In 2019, the country with the highest price was the Netherlands ($X per ton), while the average price for exports to Belgium totaled $X per ton.

From 2012 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to Belgium (+X%).

Mineral Wool Imports

Imports into Angola

In 2021, the amount of slag wool, rock wool and similar mineral wools and mixtures imported into Angola surged to X tons, growing by X% compared with 2020. In general, imports, however, showed a abrupt decline. The growth pace was the most rapid in 2015 with an increase of X%. 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, mineral wool imports expanded rapidly to $X in 2021. Over the period under review, imports, however, showed a deep contraction. The pace of growth was the most pronounced in 2015 with an increase of X% against the previous year. Imports peaked at $X in 2016; however, from 2017 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Portugal (X tons), China (X tons) and Japan (X tons) were the main suppliers of mineral wool imports to Angola, with a combined X% share of total imports. These countries were followed by Spain, Poland, India and France, which together accounted for a further X 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Poland (with a CAGR of +X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Portugal ($X) constituted the largest supplier of mineral wool to Angola, comprising X% of total imports. The second position in the ranking was taken by Spain ($X), with an X% share of total imports. It was followed by China, with a X% share.

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

Import Prices by Country

The average mineral wool import price stood at $X per ton in 2021, reducing by -X% against the previous year. In general, import price indicated notable growth from 2012 to 2021: its price 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, mineral wool import price increased by +X% against 2019 indices. The growth pace was the most rapid 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 failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Spain ($X per ton), while the price for India ($X per ton) was amongst the lowest.

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

Source: IndexBox Market Intelligence Platform

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