Angola - Sodium Nitrate - Market Analysis, Forecast, Size, Trends and Insights
Angola: Sodium Nitrate Market 2023
Sodium Nitrate Market Size in Angola
The Angolan sodium nitrate market fell to $X in 2021, which is down by -13.2% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption, however, recorded a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2018 to 2021, the growth of the market remained at a lower figure.
Sodium Nitrate Imports
Imports into Angola
Sodium nitrate imports into Angola contracted markedly to X tons in 2021, falling by -26.1% compared with the previous year. Over the period under review, imports, however, continue to indicate a modest expansion. The growth pace was the most rapid in 2017 when imports increased by 3,086% against the previous year. As a result, imports attained the peak of X tons. From 2018 to 2021, the growth of imports remained at a lower figure.
In value terms, sodium nitrate imports skyrocketed to $X in 2021. In general, imports continue to indicate a slight curtailment. The most prominent rate of growth was recorded in 2017 with an increase of 5,862%. As a result, imports attained the peak of $X. From 2018 to 2021, the growth of imports remained at a somewhat lower figure.
Imports by Country
China (X tons), Brazil (X tons) and South Africa (X kg) were the main suppliers of sodium nitrate imports to Angola.
From 2012 to 2021, the biggest increases were recorded for Brazil (with a CAGR of 0.0%), while purchases for the other leaders experienced a decline.
In value terms, Brazil ($X) constituted the largest supplier of sodium nitrate to Angola, comprising 68% of total imports. The second position in the ranking was held by China ($X), with a 32% share of total imports.
From 2012 to 2021, the average annual growth rate of value from Brazil was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: China (-28.8% per year) and South Africa (-46.7% per year).
Import Prices by Country
In 2021, the average sodium nitrate import price amounted to $X per ton, growing by 62% against the previous year. Overall, the import price, however, showed a perceptible slump. The growth pace was the most rapid in 2017 when the average import price increased by 87%. Over the period under review, average import prices reached the maximum at $X per ton in 2015; however, from 2016 to 2021, import prices failed to regain momentum.
Prices varied noticeably country of origin: the country with the highest price was Brazil ($X per ton), while the price for China ($X per ton) was amongst the lowest.
From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Portugal (+9.5%), while the prices for the other major suppliers experienced a decline.
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This report provides an in-depth analysis of the sodium nitrate market in Angola. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Making Data-Driven Decisions to Grow Your Business
A Quick Overview of Market Performance
Understanding the Current State of The Market and Its Prospects
Finding New Products to Diversify Your Business
Choosing the Best Countries to Establish Your Sustainable Supply Chain
Choosing the Best Countries to Boost Your Exports
The Latest Trends and Insights into The Industry
The Largest Import Supplying Countries
The Largest Destinations for Exports
The Largest Producers on The Market and Their Profiles
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