Angola: Technical Textiles Market 2024

Technical Textiles Market Size in Angola

The Angolan technical textiles market fell to $X in 2023, which is down by X% against the previous year. Overall, consumption, however, recorded a temperate increase. Technical textiles consumption peaked at $X in 2019; however, from 2020 to 2023, consumption failed to regain momentum.

Technical Textiles Production in Angola

In value terms, technical textiles production shrank to $X in 2023 estimated in export price. In general, production, however, saw measured growth. The pace of growth was the most pronounced in 2015 with an increase of X% against the previous year. Over the period under review, production attained the peak level at $X in 2019; however, from 2020 to 2023, production remained at a lower figure.

Technical Textiles Exports

Exports from Angola

In 2023, the amount of textile products and articles for technical uses exported from Angola stood at X tons, increasing by X% compared with the year before. Overall, exports recorded a resilient increase. The growth pace was the most rapid in 2014 with an increase of X%. The exports peaked at X tons in 2015; however, from 2016 to 2023, the exports failed to regain momentum.

In value terms, technical textiles exports expanded sharply to $X in 2023. Over the period under review, exports saw a remarkable increase. The pace of growth appeared the most rapid in 2014 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at $X in 2015; however, from 2016 to 2023, the exports failed to regain momentum.

Exports by Country

The United States (X kg), Democratic Republic of the Congo (X kg) and Namibia (X kg) were the main destinations of technical textiles exports from Angola, together comprising X% of total exports. South Africa, the UK, the Netherlands, Sao Tome and Principe, Denmark and Singapore lagged somewhat behind, together comprising a further X%.

From 2012 to 2023, the biggest increases were recorded for the Netherlands (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for technical textiles exported from Angola were the Netherlands ($X), Democratic Republic of the Congo ($X) and the United States ($X), together accounting for X% of total exports.

The Netherlands, with a CAGR of X%, saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2023, the average technical textiles export price amounted to $X per ton, waning by X% against the previous year. Over the period under review, the export price showed a perceptible descent. The pace of growth appeared the most rapid in 2016 an increase of X%. As a result, the export price reached the peak level of $X per ton. From 2017 to 2023, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Netherlands ($X per ton), while the average price for exports to Sao Tome and Principe ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (X%), while the prices for the other major destinations experienced more modest paces of growth.

Technical Textiles Imports

Imports into Angola

In 2023, after two years of growth, there was decline in purchases abroad of textile products and articles for technical uses, when their volume decreased by X% to X tons. Overall, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Imports peaked at X tons in 2014; however, from 2015 to 2023, imports remained at a lower figure.

In value terms, technical textiles imports contracted to $X in 2023. Over the period under review, imports saw a deep setback. The pace of growth appeared the most rapid in 2018 when imports increased by X% against the previous year. Imports peaked at $X in 2014; however, from 2015 to 2023, imports failed to regain momentum.

Imports by Country

Portugal (X tons), China (X tons) and the United States (X tons) were the main suppliers of technical textiles imports to Angola, together comprising X% of total imports. France, Brazil, Spain, Turkey, the United Arab Emirates, India and South Africa lagged somewhat behind, together comprising a further X%.

From 2012 to 2023, the biggest increases were recorded for India (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Portugal ($X), China ($X) and the United States ($X) appeared to be the largest technical textiles suppliers to Angola, together accounting for X% of total imports. France, Brazil, Spain, the United Arab Emirates, South Africa, India and Turkey lagged somewhat behind, together accounting for a further X%.

India, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average technical textiles import price stood at $X per ton in 2023, falling by X% against the previous year. In general, the import price showed a abrupt downturn. The most prominent rate of growth was recorded in 2016 when the average import price increased by X%. The import price peaked at $X per ton in 2012; however, from 2013 to 2023, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by China (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform