Angola: Soap In Bars Market 2023

Soap In Bars Market Size in Angola

In 2021, the Angolan soap in bars market decreased by -73.3% to $X, falling for the second year in a row after three years of growth. Overall, consumption showed a deep contraction. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Soap In Bars Exports

Exports from Angola

In 2021, soap in bars exports from Angola soared to X tons, with an increase of 47% against 2020. In general, exports, however, faced a deep downturn. The pace of growth appeared the most rapid in 2019 with an increase of 98%. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, soap in bars exports surged to $X in 2021. Overall, exports, however, faced a precipitous decrease. The growth pace was the most rapid in 2018 when exports increased by 641% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Democratic Republic of the Congo (X tons) was the main destination for soap in bars exports from Angola, accounting for a 67% share of total exports. Moreover, soap in bars exports to Democratic Republic of the Congo exceeded the volume sent to the second major destination, Congo (X tons), threefold. Namibia (X tons) ranked third in terms of total exports with a 2.3% share.

From 2012 to 2021, the average annual growth rate of volume to Democratic Republic of the Congo stood at -22.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Congo (+16.4% per year) and Namibia (+15.8% per year).

In value terms, Democratic Republic of the Congo ($X) remains the key foreign market for soap in bars exports from Angola, comprising 64% of total exports. The second position in the ranking was taken by Congo ($X), with a 24% share of total exports. It was followed by Namibia, with a 3.8% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Democratic Republic of the Congo stood at -27.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Congo (-16.7% per year) and Namibia (+12.1% per year).

Export Prices by Country

In 2021, the average soap in bars export price amounted to $X per ton, surging by 45% against the previous year. Over the period under review, the export price, however, showed a abrupt decrease. The most prominent rate of growth was recorded in 2018 when the average export price increased by 334% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2019 to 2021, the average export prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was Namibia ($X per ton), while the average price for exports to Brazil ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Namibia (-3.2%), while the prices for the other major destinations experienced a decline.

Soap In Bars Imports

Imports into Angola

In 2021, overseas purchases of soap and organic surface-active products in bars decreased by -79% to X tons, falling for the second year in a row after three years of growth. Overall, imports continue to indicate a deep contraction. The most prominent rate of growth was recorded in 2017 with an increase of 59%. Imports peaked at X tons in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

In value terms, soap in bars imports contracted notably to $X in 2021. In general, imports continue to indicate a precipitous contraction. The pace of growth was the most pronounced in 2017 when imports increased by 72% against the previous year. Over the period under review, imports reached the peak figure at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Indonesia (X tons) constituted the largest soap in bars supplier to Angola, accounting for a 58% share of total imports. Moreover, soap in bars imports from Indonesia exceeded the figures recorded by the second-largest supplier, South Africa (X tons), sevenfold. Namibia (X tons) ranked third in terms of total imports with a 5.2% share.

From 2012 to 2021, the average annual growth rate of volume from Indonesia amounted to -15.8%. The remaining supplying countries recorded the following average annual rates of imports growth: South Africa (-19.3% per year) and Namibia (-15.8% per year).

In value terms, Indonesia ($X) constituted the largest supplier of soap in bars to Angola, comprising 49% of total imports. The second position in the ranking was held by the United Arab Emirates ($X), with a 12% share of total imports. It was followed by South Africa, with an 8.2% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Indonesia stood at -18.8%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (-13.4% per year) and South Africa (-21.3% per year).

Import Prices by Country

In 2021, the average soap in bars import price amounted to $X per ton, increasing by 38% against the previous year. Over the period under review, the import price, however, saw a slight slump. The import price peaked at $X per ton in 2013; however, from 2014 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+14.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

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