Angola: Wood-Based Panels Market 2024

Wood-Based Panels Market Size in Angola

The Angolan wood-based panels market skyrocketed to $X in 2022, increasing by X% against the previous year. In general, consumption, however, saw a slight curtailment. As a result, consumption attained the peak level of $X. From 2015 to 2022, the growth of the market remained at a lower figure.

Wood-Based Panels Production in Angola

In value terms, wood-based panels production expanded significantly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2020 when the production volume increased by X%. As a result, production attained the peak level of $X. From 2021 to 2022, production growth failed to regain momentum.

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Wood-Based Panels Exports

Exports from Angola

In 2022, approx. X cubic meters of wood-based panels were exported from Angola; which is down by X% against the previous year. Over the period under review, exports showed a dramatic slump. The growth pace was the most rapid in 2021 when exports increased by X% against the previous year. The exports peaked at X cubic meters in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

In value terms, wood-based panels exports contracted notably to $X in 2022. Overall, exports showed a significant contraction. The most prominent rate of growth was recorded in 2021 with an increase of X%. The exports peaked at $X in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

Exports by Country

Democratic Republic of the Congo (X cubic meters) was the main destination for wood-based panels exports from Angola, with a X% share of total exports. Moreover, wood-based panels exports to Democratic Republic of the Congo exceeded the volume sent to the second major destination, Portugal (X cubic meters), more than tenfold. South Africa (X cubic meters) ranked third in terms of total exports with a X% share.

From 2018 to 2022, the average annual growth rate of volume to Democratic Republic of the Congo totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Portugal (X% per year) and South Africa (X% per year).

In value terms, Democratic Republic of the Congo ($X) remains the key foreign market for wood-based panels exports from Angola, comprising X% of total exports. The second position in the ranking was taken by South Africa ($X), with a X% share of total exports. It was followed by Portugal, with a X% share.

From 2018 to 2022, the average annual rate of growth in terms of value to Democratic Republic of the Congo amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Africa (X% per year) and Portugal (X% per year).

Export Prices by Country

In 2022, the average wood-based panels export price amounted to $X per cubic meter, growing by X% against the previous year. Over the period under review, the export price posted modest growth. The most prominent rate of growth was recorded in 2020 an increase of X% against the previous year. As a result, the export price reached the peak level of $X per cubic meter. From 2021 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was South Africa ($X per cubic meter), while the average price for exports to Lebanon ($X per cubic meter) was amongst the lowest.

From 2018 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to South Africa (X%), while the prices for the other major destinations experienced more modest paces of growth.

Wood-Based Panels Imports

Imports into Angola

In 2022, the amount of wood-based panels imported into Angola skyrocketed to X cubic meters, jumping by X% compared with the year before. In general, imports, however, continue to indicate a abrupt contraction. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, imports attained the maximum at X cubic meters in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

In value terms, wood-based panels imports skyrocketed to $X in 2022. Overall, imports, however, saw a abrupt contraction. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. Over the period under review, imports hit record highs at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X cubic meters) constituted the largest wood-based panels supplier to Angola, with a X% share of total imports. Moreover, wood-based panels imports from China exceeded the figures recorded by the second-largest supplier, Portugal (X cubic meters), twofold. Brazil (X cubic meters) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Portugal (X% per year) and Brazil (X% per year).

In value terms, Portugal ($X), China ($X) and Brazil ($X) were the largest wood-based panels suppliers to Angola, together comprising X% of total imports.

Among the main suppliers, Brazil, with a CAGR of X%, recorded 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

In 2022, the average wood-based panels import price amounted to $X per cubic meter, with an increase of X% against the previous year. In general, the import price, however, recorded a mild contraction. The pace of growth appeared the most rapid in 2016 an increase of X%. Over the period under review, average import prices hit record highs at $X per cubic meter in 2018; however, from 2019 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per cubic meter), while the price for Italy ($X per cubic meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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