Angola: Market for Acrylic Polymers, In Primary Forms (Excluding Polymethyl Methacrylate) 2024

Market Size for Acrylic Polymers, In Primary Forms (Excluding Polymethyl Methacrylate) in Angola

The Angolan market for acrylic polymers, in primary forms (excluding polymethyl methacrylate) surged to $X in 2021, with an increase of 18% 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). Overall, consumption, however, showed a mild setback. Over the period under review, the market attained the maximum level at $X in 2015; however, from 2016 to 2021, consumption stood at a somewhat lower figure.

Exports of Acrylic Polymers, In Primary Forms (Excluding Polymethyl Methacrylate)

Exports from Angola

Exports of acrylic polymers, in primary forms (excluding polymethyl methacrylate) from Angola shrank notably to X tons in 2021, waning by -19% against the year before. In general, exports saw a abrupt decline. The most prominent rate of growth was recorded in 2013 when exports increased by 4,160%. As a result, the exports reached the peak of X tons. From 2014 to 2021, the growth of the exports of failed to regain momentum.

In value terms, exports of acrylic polymers, in primary forms (excluding polymethyl methacrylate) reduced to $X in 2021. Overall, exports continue to indicate a drastic downturn. The most prominent rate of growth was recorded in 2017 with an increase of 3,206% against the previous year. Over the period under review, the exports of reached the peak figure at $X in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

Exports by Country

Namibia (X tons) was the main destination for exports of acrylic polymers, in primary forms (excluding polymethyl methacrylate) from Angola, accounting for a 76% share of total exports. Moreover, exports of acrylic polymers, in primary forms (excluding polymethyl methacrylate) to Namibia exceeded the volume sent to the second major destination, Bahrain (X kg), fourfold. The third position in this ranking was held by Democratic Republic of the Congo (X kg), with a 1.5% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Namibia totaled -2.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bahrain (0.0% per year) and Democratic Republic of the Congo (0.0% per year).

In value terms, Bahrain ($X) emerged as the key foreign market for acrylic polymers, in primary forms (excluding polymethyl methacrylate) exports from Angola, comprising 69% of total exports. The second position in the ranking was taken by Namibia ($X), with a 21% share of total exports. It was followed by Democratic Republic of the Congo, with a 4.8% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Bahrain was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Namibia (+6.6% per year) and Democratic Republic of the Congo (0.0% per year).

Export Prices by Country

In 2021, the average export price for acrylic polymers, in primary forms (excluding polymethyl methacrylate) amounted to $X per ton, surging by 5.4% against the previous year. In general, the export price posted a buoyant expansion. The pace of growth appeared the most rapid in 2016 an increase of 116%. The export price peaked at $X per ton in 2019; however, from 2020 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Bahrain ($X per ton), while the average price for exports to Namibia ($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 (+8.9%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Acrylic Polymers, In Primary Forms (Excluding Polymethyl Methacrylate)

Imports into Angola

In 2021, approx. X tons of acrylic polymers, in primary forms (excluding polymethyl methacrylate) were imported into Angola; rising by 16% on the previous year. Overall, total imports indicated a buoyant expansion from 2012 to 2021: its volume increased at an average annual rate of +5.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +81.2% against 2018 indices. The most prominent rate of growth was recorded in 2019 when imports increased by 80%. Over the period under review, imports of reached the peak figure in 2021 and are expected to retain growth in the near future.

In value terms, imports of acrylic polymers, in primary forms (excluding polymethyl methacrylate) skyrocketed to $X in 2021. In general, imports, however, saw a slight contraction. The pace of growth was the most pronounced in 2019 with an increase of 49% against the previous year. Over the period under review, imports of attained the maximum at $X in 2015; however, from 2016 to 2021, imports failed to regain momentum.

Imports by Country

China (X tons), Belgium (X tons) and Taiwan (Chinese) (X tons) were the main suppliers of imports of acrylic polymers, in primary forms (excluding polymethyl methacrylate) to Angola, with a combined 49% share of total imports. These countries were followed by Singapore, Turkey, Saudi Arabia, Portugal, the United States, South Africa and France, which together accounted for a further 20%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Turkey (with a CAGR of +28.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest acrylic polymers, in primary forms (excluding polymethyl methacrylate) suppliers to Angola were China ($X), Belgium ($X) and Taiwan (Chinese) ($X), together comprising 47% of total imports. These countries were followed by Singapore, Portugal, Turkey, Saudi Arabia, the United States, France and South Africa, which together accounted for a further 20%.

In terms of the main suppliers, Turkey, with a CAGR of +29.7%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average import price for acrylic polymers, in primary forms (excluding polymethyl methacrylate) amounted to $X per ton, surging by 1.9% against the previous year. Over the period under review, the import price, however, showed a deep downturn. The most prominent rate of growth was recorded in 2016 an increase of 7.6%. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Africa (+5.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform