Angola: Twig Broom Market 2024

Twig Broom Market Size in Angola

After three years of decline, the Angolan twig broom market increased by 397% to $X in 2021. In general, consumption continues to indicate a measured expansion. Over the period under review, the market reached the peak level at $X in 2013; however, from 2014 to 2021, consumption remained at a lower figure.

Twig Broom Exports

Exports from Angola

In 2021, overseas shipments of brooms and brushes of twigs were finally on the rise to reach X units after two years of decline. Over the period under review, exports showed a significant expansion. The most prominent rate of growth was recorded in 2017 when exports increased by 2,651%. Over the period under review, the exports attained the maximum in 2021 and are expected to retain growth in the near future.

In value terms, twig broom exports soared to $X in 2021. In general, exports recorded a significant expansion. The pace of growth was the most pronounced in 2017 when exports increased by 3,561% against the previous year. The exports peaked in 2021 and are likely to see steady growth in the near future.

Exports by Country

Congo (X units) was the main destination for twig broom exports from Angola, with a 79% share of total exports. Moreover, twig broom exports to Congo exceeded the volume sent to the second major destination, the United States (X units), more than tenfold. The third position in this ranking was held by the UK (X units), with a 2.5% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Congo amounted to +55.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+50.7% per year) and the UK (+12.5% per year).

In value terms, Congo ($X) remains the key foreign market for brooms and brushes of twigs exports from Angola, comprising 79% of total exports. The second position in the ranking was held by the United States ($X), with a 7.4% share of total exports. It was followed by the UK, with a 2.5% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Congo amounted to +72.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+50.6% per year) and the UK (-3.3% per year).

Export Prices by Country

In 2021, the average twig broom export price amounted to $X per unit, with a decrease of -3% against the previous year. Overall, export price indicated prominent growth from 2012 to 2021: its price increased at an average annual rate of +5.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, twig broom export price increased by +84.9% against 2015 indices. The pace of growth appeared the most rapid in 2013 when the average export price increased by 56%. The export price peaked at $X per unit in 2020, and then shrank modestly in the following year.

Average prices varied noticeably for the major export markets. In 2021, amid the top suppliers, the countries with the highest prices were China ($X per unit) and the United States ($X per unit), while the average price for exports to the UK ($X per unit) and Congo ($X per unit) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Congo (+10.9%), while the prices for the other major destinations experienced more modest paces of growth.

Twig Broom Imports

Imports into Angola

In 2021, purchases abroad of brooms and brushes of twigs increased by 374% to X units for the first time since 2017, thus ending a three-year declining trend. Overall, imports saw a moderate increase. The most prominent rate of growth was recorded in 2017 when imports increased by 716% against the previous year. Over the period under review, imports reached the maximum at X units in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

In value terms, twig broom imports skyrocketed to $X in 2021. In general, imports recorded resilient growth. The most prominent rate of growth was recorded in 2017 when imports increased by 1,142%. Over the period under review, imports attained the peak figure at $X in 2013; however, from 2014 to 2021, imports remained at a lower figure.

Imports by Country

China (X units), Portugal (X units) and Syrian Arab Republic (X units) were the main suppliers of twig broom imports to Angola, with a combined 79% share of total imports. These countries were followed by Denmark, Brazil and Democratic Republic of the Congo, which together accounted for a further 6.4%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Denmark (with a CAGR of +61.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest twig broom suppliers to Angola were China ($X), Portugal ($X) and Syrian Arab Republic ($X), together accounting for 78% of total imports. Democratic Republic of the Congo, Brazil and Denmark lagged somewhat behind, together comprising a further 4.2%.

Among the main suppliers, Denmark, with a CAGR of +43.6%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average twig broom import price amounted to $X per unit, growing by 5.2% against the previous year. Over the period under review, import price indicated tangible growth from 2012 to 2021: its price increased at an average annual rate of +2.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, twig broom import price increased by +11.6% against 2019 indices. The growth pace was the most rapid in 2017 when the average import price increased by 52% against the previous year. Over the period under review, average import prices attained the maximum at $X per unit in 2018; however, from 2019 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Portugal ($X per unit), while the price for Denmark ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+2.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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