Angola: Market for Articles of Goldsmiths’ Wares of Base Metal Clad with Precious Metal 2024

Market Size for Articles of Goldsmiths’ Wares of Base Metal Clad with Precious Metal in Angola

The Angolan market for articles of goldsmiths’ wares of base metal clad with precious metal dropped to $X in 2022, approximately equating the previous year. Overall, consumption, however, continues to indicate prominent growth. Consumption of peaked at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Production of Articles of Goldsmiths’ Wares of Base Metal Clad with Precious Metal in Angola

In value terms, production of articles of goldsmiths’ wares of base metal clad with precious metal dropped to $X in 2022 estimated in export price. Overall, production, however, recorded a strong increase. The most prominent rate of growth was recorded in 2017 when the production volume increased by 118%. As a result, production reached the peak level of $X. From 2018 to 2022, production of growth failed to regain momentum.

Exports of Articles of Goldsmiths’ Wares of Base Metal Clad with Precious Metal

Exports from Angola

In 2017, exports of articles of goldsmiths’ wares of base metal clad with precious metal from Angola skyrocketed to X kg, with an increase of 65% against the previous year's figure. Over the period under review, total exports indicated significant growth from 2015 to 2017: its volume increased at an average annual rate of +24.8% over the last two-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, exports of articles of goldsmiths’ wares of base metal clad with precious metal skyrocketed to $X in 2017. The total export value increased at an average annual rate of +13.6% from 2015 to 2017; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

France (X kg), Brazil (X kg) and the United States (X kg) were the main destinations of exports of articles of goldsmiths’ wares of base metal clad with precious metal from Angola, with a combined 99% share of total exports.

From 2015 to 2017, the biggest increases were recorded for the United States (with a CAGR of +66.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, France ($X) remains the key foreign market for articles of goldsmiths’ wares of base metal clad with precious metal exports from Angola, comprising 67% of total exports. The second position in the ranking was taken by Brazil ($X), with a 25% share of total exports.

From 2015 to 2017, the average annual growth rate of value to France was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Brazil (0.0% per year) and the United States (+3.1% per year).

Export Prices by Country

The average export price for articles of goldsmiths’ wares of base metal clad with precious metal stood at $X per ton in 2017, shrinking by -21.1% against the previous year. In general, the export price showed a abrupt descent. The most prominent rate of growth was recorded in 2016 when the average export price increased by 5%. As a result, the export price attained the peak level of $X per ton, and then declined markedly in the following year.

Average prices varied somewhat for the major external markets. In 2017, amid the top suppliers, the country with the highest price was France ($X per ton), while the average price for exports to Brazil ($X per ton) was amongst the lowest.

From 2015 to 2017, the most notable rate of growth in terms of prices was recorded for supplies to France (-1.9%).

Imports of Articles of Goldsmiths’ Wares of Base Metal Clad with Precious Metal

Imports into Angola

After two years of decline, overseas purchases of articles of goldsmiths’ wares of base metal clad with precious metal increased by 478% to X kg in 2022. In general, imports showed prominent growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, imports of articles of goldsmiths’ wares of base metal clad with precious metal soared to $X in 2022. Overall, imports saw slight growth. The growth pace was the most rapid in 2018 with an increase of 450%. Imports peaked at $X in 2015; however, from 2016 to 2022, imports failed to regain momentum.

Imports by Country

China (X kg), Italy (X kg) and Belgium (X kg) were the main suppliers of imports of articles of goldsmiths’ wares of base metal clad with precious metal to Angola, with a combined 98% share of total imports.

From 2012 to 2022, the biggest increases were recorded for China (with a CAGR of +57.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X), China ($X) and Belgium ($X) were the largest precious metal-clad goldsmiths ware articles of base metals suppliers to Angola, together accounting for 69% of total imports.

China, with a CAGR of +50.4%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average import price for articles of goldsmiths’ wares of base metal clad with precious metal amounted to $X per ton, declining by -45.1% against the previous year. Over the period under review, the import price continues to indicate a noticeable downturn. The pace of growth was the most pronounced in 2018 an increase of 62%. As a result, import price attained the peak level of $X per ton. From 2019 to 2022, the average import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+26.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :