Angola: Market for Hot-Rolled Steel Bars and Rods 2025

Market Size for Hot-Rolled Steel Bars and Rods in Angola

The Angolan market for hot-rolled steel bars and rods soared to $X in 2021, jumping by 76% 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). Over the period under review, consumption, however, saw a sharp decrease. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Exports of Hot-Rolled Steel Bars and Rods

Exports from Angola

In 2021, overseas shipments of hot-rolled steel bars and rods increased by 41% to X tons, rising for the seventh year in a row after two years of decline. Over the period under review, exports enjoyed a significant expansion. The most prominent rate of growth was recorded in 2019 when exports increased by 372% against the previous year. The exports peaked in 2021 and are likely to continue growth in the immediate term.

In value terms, hot-rolled steel bar and rod exports surged to $X in 2021. Overall, exports saw a significant expansion. The pace of growth appeared the most rapid in 2019 with an increase of 507% against the previous year. The exports peaked in 2021 and are likely to see gradual growth in years to come.

Exports by Country

Democratic Republic of the Congo (X tons) was the main destination for hot-rolled steel bar and rod exports from Angola, with a 62% share of total exports. Moreover, hot-rolled steel bar and rod exports to Democratic Republic of the Congo exceeded the volume sent to the second major destination, Mauritania (X tons), fivefold. The third position in this ranking was held by Congo (X tons), with an 8.9% share.

From 2012 to 2021, the average annual growth rate of volume to Democratic Republic of the Congo stood at +57.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mauritania (+91.9% per year) and Congo (0.0% per year).

In value terms, Democratic Republic of the Congo ($X) remains the key foreign market for hot-rolled steel bars and rods exports from Angola, comprising 68% of total exports. The second position in the ranking was held by Mauritania ($X), with an 11% share of total exports. It was followed by Congo, with a 9.8% share.

From 2012 to 2021, the average annual growth rate of value to Democratic Republic of the Congo stood at +89.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mauritania (+76.1% per year) and Congo (0.0% per year).

Export Prices by Country

In 2021, the average export price for hot-rolled steel bars and rods amounted to $X per ton, growing by 7.7% against the previous year. Over the period under review, the export price saw a remarkable increase. The growth pace was the most rapid in 2015 when the average export price increased by 38% against the previous year. The export price peaked in 2021 and is expected to retain growth in the immediate term.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Congo ($X per ton), while the average price for exports to Benin ($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 Democratic Republic of the Congo (+20.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Hot-Rolled Steel Bars and Rods

Imports into Angola

In 2021, imports of hot-rolled steel bars and rods into Angola soared to X tons, growing by 45% on 2020. Over the period under review, imports, however, saw a precipitous decline. The most prominent rate of growth was recorded in 2019 with an increase of 53%. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, hot-rolled steel bar and rod imports surged to $X in 2021. Overall, imports, however, continue to indicate a sharp downturn. Over the period under review, imports reached the maximum at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of hot-rolled steel bar and rod to Angola, with a 68% share of total imports. Moreover, hot-rolled steel bar and rod imports from China exceeded the figures recorded by the second-largest supplier, Turkey (X tons), threefold. The third position in this ranking was held by Portugal (X tons), with a 3.5% share.

From 2012 to 2021, the average annual growth rate of volume from China stood at -17.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (-26.1% per year) and Portugal (-42.3% per year).

In value terms, China ($X) constituted the largest supplier of hot-rolled steel bars and rods to Angola, comprising 59% of total imports. The second position in the ranking was held by Turkey ($X), with a 21% share of total imports. It was followed by Portugal, with a 4.6% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China stood at -18.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (-25.0% per year) and Portugal (-38.1% per year).

Import Prices by Country

The average import price for hot-rolled steel bars and rods stood at $X per ton in 2021, surging by 23% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.5%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Ireland (+29.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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