Angola: Agglomerated Powder Rod Market 2024

Agglomerated Powder Rod Market Size in Angola

In 2021, the Angolan agglomerated powder rod market increased by 90% to $X for the first time since 2018, thus ending a two-year declining trend. In general, consumption, however, saw a deep downturn. Over the period under review, the market attained the maximum level at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Agglomerated Powder Rod Exports

Exports from Angola

After two years of decline, shipments abroad of base metal wire and rods of agglomerated base powder increased by 34% to X kg in 2021. In general, exports enjoyed buoyant growth. The most prominent rate of growth was recorded in 2018 with an increase of 159% against the previous year. As a result, the exports attained the peak of X tons. From 2019 to 2021, the growth of the exports failed to regain momentum.

In value terms, agglomerated powder rod exports surged to $X in 2021. Overall, exports, however, showed a pronounced setback. The most prominent rate of growth was recorded in 2016 with an increase of 51%. The exports peaked at $X in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

Exports by Country

Democratic Republic of the Congo (X kg) was the main destination for agglomerated powder rod exports from Angola, with a 89% share of total exports. Moreover, agglomerated powder rod exports to Democratic Republic of the Congo exceeded the volume sent to the second major destination, Portugal (X kg), more than tenfold. Cuba (X kg) ranked third in terms of total exports with a 2.2% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Democratic Republic of the Congo stood at +82.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Portugal (+10.3% per year) and Cuba (0.0% per year).

In value terms, Democratic Republic of the Congo ($X) remains the key foreign market for base metal wire and rods of agglomerated base powder exports from Angola, comprising 80% of total exports. The second position in the ranking was taken by the UK ($X), with a 7.2% share of total exports. It was followed by Cuba, with a 3.4% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Democratic Republic of the Congo totaled +62.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (-28.7% per year) and Cuba (0.0% per year).

Export Prices by Country

In 2021, the average agglomerated powder rod export price amounted to $X per ton, waning by -5.7% against the previous year. In general, the export price faced a deep reduction. The growth pace was the most rapid in 2019 when the average export price increased by 120% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was the UK ($X per ton), while the average price for exports to Portugal ($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 Guinea (+451.0%), while the prices for the other major destinations experienced mixed trend patterns.

Agglomerated Powder Rod Imports

Imports into Angola

In 2021, supplies from abroad of base metal wire and rods of agglomerated base powder was finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. In general, imports, however, recorded a drastic downturn. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, agglomerated powder rod imports soared to $X in 2021. Overall, imports, however, recorded a deep setback. Imports peaked at $X in 2015; however, from 2016 to 2021, imports failed to regain momentum.

Imports by Country

South Africa (X tons), Portugal (X tons) and China (X tons) were the main suppliers of agglomerated powder rod imports to Angola, together comprising 45% of total imports. These countries were followed by India, South Korea, Turkey, the United Arab Emirates, Spain, France, Belgium and the United States, which together accounted for a further 26%.

From 2012 to 2021, the biggest increases were recorded for Turkey (with a CAGR of +40.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Portugal ($X) constituted the largest supplier of base metal wire and rods of agglomerated base powder to Angola, comprising 18% of total imports. The second position in the ranking was held by South Korea ($X), with a 7.8% share of total imports. It was followed by South Africa, with a 6.9% share.

From 2012 to 2021, the average annual growth rate of value from Portugal amounted to -16.6%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (+21.0% per year) and South Africa (-7.7% per year).

Import Prices by Country

In 2021, the average agglomerated powder rod import price amounted to $X per ton, with an increase of 13% against the previous year. Over the period under review, import price indicated perceptible growth from 2012 to 2021: its price increased at an average annual rate of +3.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2015 when the average import price increased by 58%. As a result, import price reached the peak level of $X per ton. From 2016 to 2021, the average import prices remained at a somewhat lower figure.

Prices varied noticeably country of origin: the country with the highest price was the United States ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Democratic Republic of the Congo (+92.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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