Angola: Market for Copper Bars, Rods and Profiles 2024

Market Size for Copper Bars, Rods and Profiles in Angola

The Angolan market for copper bars, rods and profiles expanded slightly to $X in 2022, surging by 4.6% 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, continues to indicate a perceptible decrease. Over the period under review, the market reached the peak level at $X in 2013; however, from 2014 to 2022, consumption remained at a lower figure.

Exports of Copper Bars, Rods and Profiles

Exports from Angola

In 2019, shipments abroad of copper bars, rods and profiles decreased by -80.7% to X kg, falling for the third year in a row after two years of growth. Over the period under review, exports continue to indicate a dramatic downturn. The growth pace was the most rapid in 2016 when exports increased by 36% against the previous year. As a result, the exports attained the peak of X tons. From 2017 to 2019, the growth of the exports remained at a lower figure.

In value terms, copper bar, rod and profile exports dropped notably to $X in 2019. Overall, exports showed a sharp descent. The pace of growth appeared the most rapid in 2016 with an increase of 263% against the previous year. As a result, the exports reached the peak of $X. From 2017 to 2019, the growth of the exports failed to regain momentum.

Exports by Country

Congo (X kg) was the main destination for copper bar, rod and profile exports from Angola, accounting for a 95% share of total exports. It was followed by South Africa (X kg), with a 2.6% share of total exports.

From 2015 to 2019, the average annual rate of growth in terms of volume to Congo stood at -52.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Africa (-99.4% per year) and the United Arab Emirates (0.0% per year).

In value terms, Congo ($X) emerged as the key foreign market for copper bars, rods and profiles exports from Angola, comprising 89% of total exports. The second position in the ranking was taken by the United Arab Emirates ($X), with an 8.4% share of total exports.

From 2015 to 2019, the average annual growth rate of value to Congo amounted to -39.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (0.0% per year) and South Africa (-98.7% per year).

Export Prices by Country

The average export price for copper bars, rods and profiles stood at $X per ton in 2019, surging by 71% against the previous year. Over the period under review, the export price enjoyed a significant expansion. The growth pace was the most rapid in 2016 an increase of 168% against the previous year. Over the period under review, the average export prices hit record highs in 2019 and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per ton), while the average price for exports to South Africa ($X per ton) was amongst the lowest.

From 2015 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to South Africa (+117.3%).

Imports of Copper Bars, Rods and Profiles

Imports into Angola

In 2022, copper bar, rod and profile imports into Angola rose modestly to X tons, growing by 3% on 2021. In general, imports, however, showed a perceptible curtailment. The most prominent rate of growth was recorded in 2013 when imports increased by 157% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2015; however, from 2016 to 2022, imports failed to regain momentum.

In value terms, copper bar, rod and profile imports amounted to $X in 2022. Overall, imports, however, saw a perceptible downturn. The pace of growth appeared the most rapid in 2020 when imports increased by 152%. Over the period under review, imports reached the maximum at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Brazil (X tons), Portugal (X tons) and China (X tons) were the main suppliers of copper bar, rod and profile imports to Angola, with a combined 79% share of total imports. The United States, the United Arab Emirates, France, Italy and South Africa lagged somewhat behind, together accounting for a further 13%.

From 2012 to 2022, the biggest increases were recorded for the United Arab Emirates (with a CAGR of +33.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Portugal ($X) constituted the largest supplier of copper bars, rods and profiles to Angola, comprising 45% of total imports. The second position in the ranking was held by Brazil ($X), with an 18% share of total imports. It was followed by China, with a 7.3% share.

From 2012 to 2022, the average annual growth rate of value from Portugal stood at -9.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (+21.7% per year) and China (+19.5% per year).

Import Prices by Country

The average import price for copper bars, rods and profiles stood at $X per ton in 2022, increasing by 2.9% against the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2019 an increase of 79%. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 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 ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Egypt (+106.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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