Angola: Market for Articles Of Iron Or Steel 2025

Market Size for Articles Of Iron Or Steel in Angola

The Angolan steel and iron articles market surged to $X in 2022, increasing by 44% 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). In general, consumption, however, continues to indicate a noticeable setback. As a result, consumption attained the peak level of $X. From 2015 to 2022, the growth of the market failed to regain momentum.

Exports of Articles Of Iron Or Steel

Exports from Angola

In 2022, exports of articles of iron or steel from Angola fell dramatically to X tons, which is down by -33.9% on 2021. In general, exports continue to indicate a perceptible slump. The growth pace was the most rapid in 2021 with an increase of 155%. Over the period under review, the exports reached the peak figure at X tons in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

In value terms, steel and iron articles exports dropped markedly to $X in 2022. Over the period under review, exports, however, showed slight growth. The pace of growth appeared the most rapid in 2017 with an increase of 276%. As a result, the exports reached the peak of $X. From 2018 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

The UK (X tons), Democratic Republic of the Congo (X tons) and Ghana (X tons) were the main destinations of steel and iron articles exports from Angola, with a combined 38% share of total exports. Russia, Senegal, Kenya, Namibia, India, the Netherlands, Norway, Gabon, France and Congo lagged somewhat behind, together accounting for a further 43%.

From 2012 to 2022, the biggest increases were recorded for India (with a CAGR of +81.4%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for steel and iron articles exported from Angola were the UK ($X), Norway ($X) and Ghana ($X), together comprising 52% of total exports. India, Democratic Republic of the Congo, Kenya, Namibia, Gabon, Russia, Senegal, the Netherlands, Congo and France lagged somewhat behind, together accounting for a further 21%.

In terms of the main countries of destination, India, with a CAGR of +83.5%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average steel and iron articles export price amounted to $X per ton, surging by 6.3% against the previous year. Over the period under review, export price indicated resilient growth from 2012 to 2022: its price increased at an average annual rate of +6.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2017 when the average export price increased by 75%. The export price peaked at $X per ton in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Congo (+26.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Articles Of Iron Or Steel

Imports into Angola

In 2022, purchases abroad of articles of iron or steel increased by 87% to X tons, rising for the second year in a row after two years of decline. Over the period under review, imports saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 when imports increased by 114% against the previous year. As a result, imports attained the peak of X tons. From 2015 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, steel and iron articles imports dropped to $X in 2022. In general, imports, however, recorded a abrupt downturn. The pace of growth appeared the most rapid in 2014 when imports increased by 60%. As a result, imports attained the peak of $X. From 2015 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, China (X tons) constituted the largest steel and iron articles supplier to Angola, accounting for a 61% share of total imports. Moreover, steel and iron articles imports from China exceeded the figures recorded by the second-largest supplier, Portugal (X tons), fivefold. Italy (X tons) ranked third in terms of total imports with a 6% share.

From 2012 to 2022, the average annual growth rate of volume from China stood at +15.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Portugal (-10.2% per year) and Italy (+27.9% per year).

In value terms, China ($X), the UK ($X) and the United States ($X) were the largest steel and iron articles suppliers to Angola, with a combined 49% share of total imports. Portugal, Italy, Spain, Norway, Switzerland, South Africa, France, Turkey and Belgium lagged somewhat behind, together accounting for a further 39%.

Switzerland, with a CAGR of +41.6%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average steel and iron articles import price stood at $X per ton in 2022, falling by -51.3% against the previous year. In general, the import price recorded a abrupt decrease. The pace of growth appeared the most rapid in 2016 an increase of 31% against the previous year. As a result, import price attained the peak level of $X per ton. From 2017 to 2022, the average 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 Norway ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+7.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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