Angola: Market for Compounds With Other Nitrogen Function (Excluding Isocyanates) 2024

Market Size for Compounds With Other Nitrogen Function (Excluding Isocyanates) in Angola

The Angolan market for compounds with other nitrogen function (excluding isocyanates) reduced to $X in 2022, waning by -8% against the previous year. In general, consumption, however, recorded resilient growth. Compounds with other nitrogen function consumption peaked at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Production of Compounds With Other Nitrogen Function (Excluding Isocyanates) in Angola

In value terms, compounds with other nitrogen function production declined to $X in 2022 estimated in export price. In general, production, however, enjoyed a buoyant increase. The most prominent rate of growth was recorded in 2019 with an increase of 63%. As a result, production reached the peak level of $X. From 2020 to 2022, production growth remained at a somewhat lower figure.

Exports of Compounds With Other Nitrogen Function (Excluding Isocyanates)

Exports from Angola

In 2019, the amount of compounds with other nitrogen function (excluding isocyanates) exported from Angola was estimated at X tons, approximately equating the previous year's figure. Over the period under review, exports saw a significant expansion. The smallest decline of 99.9% was in 2018. The exports peaked in 2019 and are likely to see gradual growth in the near future.

In value terms, compounds with other nitrogen function exports amounted to $X in 2019. In general, exports showed a sharp decline. The smallest decline of 99.9% was in 2018. The exports peaked at $X in 2017; however, from 2018 to 2019, the exports stood at a somewhat lower figure.

Exports by Country

Democratic Republic of the Congo (X tons) was the main destination for compounds with other nitrogen function exports from Angola, with a 81% share of total exports. Moreover, compounds with other nitrogen function exports to Democratic Republic of the Congo exceeded the volume sent to the second major destination, Congo (X tons), fourfold.

From 2017 to 2019, the average annual growth rate of volume to Democratic Republic of the Congo was relatively modest.

From 2017 to 2019, the average annual growth rate of value to Congo amounted to -28.6%.

Export Prices by Country

The average export price for compounds with other nitrogen function (excluding isocyanates) stood at $X per ton in 2019, almost unchanged from the previous year. Over the period under review, the export price continues to indicate a sharp downturn. The most prominent rate of growth was recorded in 2018 when the average export price decreased by 99.9%. Over the period under review, the average export prices reached the peak figure at $X per ton in 2017; however, from 2018 to 2019, 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 Congo ($X per ton), while the average price for exports to Democratic Republic of the Congo amounted to $X per ton.

From 2017 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to Congo (-0.2%).

Imports of Compounds With Other Nitrogen Function (Excluding Isocyanates)

Imports into Angola

For the third year in a row, Angola recorded growth in purchases abroad of compounds with other nitrogen function (excluding isocyanates), which increased by 7.7% to X tons in 2022. In general, imports saw significant growth. The pace of growth was the most pronounced in 2017 with an increase of 562% against the previous year. Over the period under review, imports hit record highs at X tons in 2015; however, from 2016 to 2022, imports failed to regain momentum.

In value terms, compounds with other nitrogen function imports declined to $X in 2022. Over the period under review, imports recorded a noticeable expansion. The pace of growth appeared the most rapid in 2017 with an increase of 615%. Over the period under review, imports reached the maximum at $X in 2018; however, from 2019 to 2022, imports failed to regain momentum.

Imports by Country

South Africa (X tons), China (X tons) and Portugal (X tons) were the main suppliers of compounds with other nitrogen function imports to Angola, with a combined 97% share of total imports.

From 2012 to 2022, the biggest increases were recorded for China (with a CAGR of +49.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, South Africa ($X), China ($X) and Portugal ($X) constituted the largest compounds with other nitrogen function suppliers to Angola, together comprising 90% of total imports.

Among the main suppliers, Portugal, with a CAGR of +32.5%, recorded the highest rates of growth with regard to 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

The average import price for compounds with other nitrogen function (excluding isocyanates) stood at $X per ton in 2022, declining by -15.6% against the previous year. In general, the import price showed a deep slump. The growth pace was the most rapid in 2018 when the average import price increased by 61%. Over the period under review, average import prices hit record highs at $X per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was France ($X per ton), while the price for South Africa ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Portugal (+6.2%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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