Angola: Market for Sulphates Of Barium Or Aluminium 2023

Market Size for Sulphates Of Barium Or Aluminium in Angola

In 2021, the Angolan barium or aluminium sulphates market decreased by -19.8% to $X, falling for the second consecutive year after two years of growth. In general, consumption showed a abrupt decline. Barium or aluminium sulphates consumption peaked at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Exports of Sulphates Of Barium Or Aluminium

Exports from Angola

In 2021, overseas shipments of sulphates of barium or aluminium increased by 44% to X tons, rising for the fourth consecutive year after five years of decline. Overall, exports enjoyed strong growth. The pace of growth appeared the most rapid in 2018 with an increase of 98% against the previous year. Over the period under review, the exports attained the peak figure in 2021 and are expected to retain growth in the near future.

In value terms, barium or aluminium sulphates exports fell to $X in 2021. Over the period under review, exports recorded a remarkable increase. The pace of growth appeared the most rapid in 2018 when exports increased by 217%. Over the period under review, the exports attained the maximum at $X in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

Exports by Country

Democratic Republic of the Congo (X tons), the United States (X tons) and Portugal (X kg) were the main destinations of barium or aluminium sulphates exports from Angola, together comprising 96% of total exports.

From 2012 to 2021, the biggest increases were recorded for Democratic Republic of the Congo (with a CAGR of +6.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Democratic Republic of the Congo ($X) remains the key foreign market for sulphates of barium or aluminium exports from Angola, comprising 80% of total exports. The second position in the ranking was taken by Portugal ($X), with a 13% share of total exports. It was followed by the United States, with a 5.8% share.

From 2012 to 2021, the average annual growth rate of value to Democratic Republic of the Congo amounted to +16.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Portugal (0.0% per year) and the United States (0.0% per year).

Export Prices by Country

The average barium or aluminium sulphates export price stood at $X per ton in 2021, reducing by -35.1% against the previous year. Overall, the export price, however, showed resilient growth. The pace of growth was the most pronounced in 2018 when the average export price increased by 60% against the previous year. The export price peaked at $X per ton in 2019; however, from 2020 to 2021, the export prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was Portugal ($X per ton), while the average price for exports to the United States ($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 Democratic Republic of the Congo (+9.8%).

Imports of Sulphates Of Barium Or Aluminium

Imports into Angola

In 2021, overseas purchases of sulphates of barium or aluminium decreased by -29.9% to X tons, falling for the second consecutive year after two years of growth. In general, imports recorded a abrupt contraction. The most prominent rate of growth was recorded in 2014 when imports increased by 318%. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, barium or aluminium sulphates imports contracted to $X in 2021. Overall, imports showed a abrupt downturn. The most prominent rate of growth was recorded in 2014 when imports increased by 435% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Sweden (X tons), Germany (X tons) and China (X tons) were the main suppliers of barium or aluminium sulphates imports to Angola, with a combined 68% share of total imports. These countries were followed by Portugal, Namibia, Turkey and India, which together accounted for a further 28%.

From 2012 to 2021, the biggest increases were recorded for Namibia (with a CAGR of +15.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Sweden ($X) and Namibia ($X) were the largest barium or aluminium sulphates suppliers to Angola, with a combined 55% share of total imports.

In terms of the main suppliers, Namibia, with a CAGR of +31.4%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average barium or aluminium sulphates import price stood at $X per ton in 2021, with an increase of 25% against the previous year. Over the period under review, the import price, however, recorded a pronounced contraction. The pace of growth was the most pronounced in 2014 an increase of 28% against the previous year. The import price peaked at $X per ton in 2017; however, from 2018 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Namibia (+13.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

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