Angola: Market for Aluminium Alloy Plates, Sheets and Strip of Thickness over 0.2 mm 2024

Market Size for Aluminium Alloy Plates, Sheets and Strip of Thickness over 0.2 mm in Angola

The Angolan market for aluminium alloy plates, sheets and strip of thickness over X mm stood at $X in 2022, remaining relatively unchanged against the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market attained the maximum level at $X in 2015; however, from 2016 to 2022, consumption failed to regain momentum.

Production of Aluminium Alloy Plates, Sheets and Strip of Thickness over X mm in Angola

In value terms, production of aluminium alloy plates, sheets and strip of thickness over X mm stood at $X in 2022 estimated in export price. Over the period under review, the total production indicated a pronounced increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by X% against 2019 indices. The pace of growth was the most pronounced in 2014 with an increase of X% against the previous year. Production of peaked at $X in 2015; however, from 2016 to 2022, production stood at a somewhat lower figure.

Exports of Aluminium Alloy Plates, Sheets and Strip of Thickness over 0.2 mm

Exports from Angola

In 2022, after two years of growth, there was significant decline in shipments abroad of aluminium alloy plates, sheets and strip of thickness over X mm, when their volume decreased by X% to X kg. Over the period under review, exports showed a precipitous slump. The most prominent rate of growth was recorded in 2021 when exports increased by X%. As a result, the exports reached the peak of X tons, and then fell rapidly in the following year.

In value terms, exports of aluminium alloy plates, sheets and strip of thickness over X mm contracted remarkably to $X in 2022. Overall, exports saw a sharp setback. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. The exports peaked at $X in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Uganda (X kg) was the main destination for exports of aluminium alloy plates, sheets and strip of thickness over X mm from Angola, with a approx. X% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to Uganda was relatively modest.

In value terms, Uganda ($X) emerged as the key foreign market for aluminium alloy plates, sheets and strip of thickness over X mm exports from Angola.

From 2012 to 2022, the average annual growth rate of value to Uganda was relatively modest.

Export Prices by Country

In 2022, the average export price for aluminium alloy plates, sheets and strip of thickness over X mm amounted to $X per ton, increasing by X% against the previous year. Over the period under review, the export price enjoyed a buoyant expansion. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

As there is only one major export destination, the average price level is determined by prices for Uganda.

From 2012 to 2022, the rate of growth in terms of prices for Democratic Republic of the Congo amounted to X% per year.

Imports of Aluminium Alloy Plates, Sheets and Strip of Thickness over 0.2 mm

Imports into Angola

Imports of aluminium alloy plates, sheets and strip of thickness over X mm into Angola fell to X tons in 2022, which is down by X% on the year before. In general, imports, however, enjoyed noticeable growth. The growth pace was the most rapid in 2016 when imports increased by X% against the previous year. Imports peaked at X tons in 2017; however, from 2018 to 2022, imports remained at a lower figure.

In value terms, imports of aluminium alloy plates, sheets and strip of thickness over X mm soared to $X in 2022. Over the period under review, imports, however, continue to indicate a buoyant increase. The pace of growth was the most pronounced in 2016 when imports increased by X% against the previous year. Over the period under review, imports of reached the peak figure at $X in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Thailand (X tons) constituted the largest aluminium alloy plate, sheet and strip of thickness over X mm supplier to Angola, accounting for a X% share of total imports. Moreover, imports of aluminium alloy plates, sheets and strip of thickness over X mm from Thailand exceeded the figures recorded by the second-largest supplier, China (X tons), sixfold. The third position in this ranking was held by Saudi Arabia (X tons), with an X% share.

From 2012 to 2022, the average annual growth rate of volume from Thailand amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and Saudi Arabia (X% per year).

In value terms, Thailand ($X) constituted the largest supplier of aluminium alloy plates, sheets and strip of thickness over X mm to Angola, comprising X% of total imports. The second position in the ranking was taken by China ($X), with an X% share of total imports. It was followed by Saudi Arabia, with a X% share.

From 2012 to 2022, the average annual growth rate of value from Thailand totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and Saudi Arabia (X% per year).

Import Prices by Country

In 2022, the average import price for aluminium alloy plates, sheets and strip of thickness over X mm amounted to $X per ton, surging by X% against the previous year. Over the period under review, import price indicated a pronounced increase from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for aluminium alloy plates, sheets and strip of thickness over X mm increased by X% against 2019 indices. The most prominent rate of growth was recorded in 2014 an increase of X% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is likely to see gradual growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Thailand ($X per ton), while the price for the United Arab Emirates ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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