Angola: Base Metal Closure Market 2025

Base Metal Closure Market Size in Angola

In 2021, the Angolan base metal closure market was finally on the rise to reach $X for the first time since 2017, thus ending a three-year declining trend. Over the period under review, consumption posted a slight increase. Base metal closure consumption peaked at $X in 2017; however, from 2018 to 2021, consumption stood at a somewhat lower figure.

Base Metal Closure Exports

Exports from Angola

In 2021, approx. X kg of base metal closures, stoppers, caps and lids were exported from Angola; which is down by -43.9% on the previous year. In general, exports continue to indicate a noticeable curtailment. The most prominent rate of growth was recorded in 2018 when exports increased by 358%. The exports peaked at X kg in 2020, and then fell sharply in the following year.

In value terms, base metal closure exports declined remarkably to $X in 2021. Overall, exports, however, continue to indicate prominent growth. The pace of growth was the most pronounced in 2020 when exports increased by 199% against the previous year. As a result, the exports reached the peak of $X, and then shrank sharply in the following year.

Exports by Country

Namibia (X kg) was the main destination for base metal closure exports from Angola, with a 51% share of total exports. Moreover, base metal closure exports to Namibia exceeded the volume sent to the second major destination, Venezuela (X kg), threefold. The third position in this ranking was taken by Congo (X kg), with an 11% share.

From 2012 to 2021, the average annual growth rate of volume to Namibia stood at +26.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Venezuela (0.0% per year) and Congo (+34.3% per year).

In value terms, Congo ($X) emerged as the key foreign market for base metal closures, stoppers, caps and lids exports from Angola, comprising 64% of total exports. The second position in the ranking was held by Namibia ($X), with an 18% share of total exports. It was followed by the UK, with a 2.7% share.

From 2012 to 2021, the average annual growth rate of value to Congo totaled +32.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Namibia (+48.4% per year) and the UK (-14.6% per year).

Export Prices by Country

In 2021, the average base metal closure export price amounted to $X per ton, surging by 29% against the previous year. Overall, the export price showed strong growth. The most prominent rate of growth was recorded in 2017 an increase of 363% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2018 to 2021, the average export prices remained at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was Congo ($X per ton), while the average price for exports to Norway ($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 (+17.5%), while the prices for the other major destinations experienced mixed trend patterns.

Base Metal Closure Imports

Imports into Angola

In 2021, approx. X tons of base metal closures, stoppers, caps and lids were imported into Angola; with an increase of 79% against the year before. Over the period under review, imports showed a strong expansion. The growth pace was the most rapid in 2015 with an increase of 106%. Over the period under review, imports reached the maximum at X tons in 2017; however, from 2018 to 2021, imports remained at a lower figure.

In value terms, base metal closure imports surged to $X in 2021. In general, imports, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2015 with an increase of 120% against the previous year. Over the period under review, imports attained the peak figure at $X in 2017; however, from 2018 to 2021, imports remained at a lower figure.

Imports by Country

South Africa (X tons), China (X tons) and Belgium (X tons) were the main suppliers of base metal closure imports to Angola, with a combined 75% share of total imports. Portugal, Poland and Germany lagged somewhat behind, together comprising a further 20%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Poland (with a CAGR of +93.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, South Africa ($X) constituted the largest supplier of base metal closures, stoppers, caps and lids to Angola, comprising 47% of total imports. The second position in the ranking was taken by Germany ($X), with a 12% share of total imports. It was followed by China, with a 10% share.

From 2012 to 2021, the average annual growth rate of value from South Africa amounted to -5.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+81.2% per year) and China (+49.9% per year).

Import Prices by Country

The average base metal closure import price stood at $X per ton in 2021, with a decrease of -16.5% against the previous year. Over the period under review, the import price saw a drastic downturn. The most prominent rate of growth was recorded in 2014 when the average import price increased by 40%. The import price peaked at $X per ton in 2016; however, from 2017 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Germany ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Portugal (+4.3%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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