Angola: Market for Copper Bars, Wire And Plates 2024

Market Size for Copper Bars, Wire And Plates in Angola

The Angolan market for copper bars, wire and plates surged to $X in 2021, picking up by 57% 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, saw a abrupt setback. Over the period under review, the market attained the peak level at $X in 2013; however, from 2014 to 2021, consumption remained at a lower figure.

Exports of Copper Bars, Wire And Plates

Exports from Angola

In 2021, overseas shipments of copper bars, wire and plates were finally on the rise to reach X tons after three years of decline. Overall, exports showed prominent growth. The most prominent rate of growth was recorded in 2017 when exports increased by 1,084% against the previous year. As a result, the exports attained the peak of X tons. From 2018 to 2021, the growth of the exports remained at a lower figure.

In value terms, copper bars, wire and plates exports surged to $X in 2021. Over the period under review, exports posted a strong expansion. The most prominent rate of growth was recorded in 2017 with an increase of 3,911%. As a result, the exports reached the peak of $X. From 2018 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

The United Arab Emirates (X tons) was the main destination for copper bars, wire and plates exports from Angola, accounting for a 68% share of total exports. Moreover, copper bars, wire and plates exports to the United Arab Emirates exceeded the volume sent to the second major destination, China (X tons), threefold. The third position in this ranking was held by Democratic Republic of the Congo (X tons), with a 6% share.

From 2012 to 2021, the average annual growth rate of volume to the United Arab Emirates stood at +17.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (0.0% per year) and Democratic Republic of the Congo (+29.0% per year).

In value terms, the largest markets for copper bars, wire and plates exported from Angola were the United Arab Emirates ($X), China ($X) and India ($X), together comprising 94% of total exports. Democratic Republic of the Congo lagged somewhat behind, accounting for a further 5.8%.

Democratic Republic of the Congo, with a CAGR of +34.1%, saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average export price for copper bars, wire and plates amounted to $X per ton, rising by 47% against the previous year. Over the period under review, the export price, however, recorded a perceptible curtailment. The most prominent rate of growth was recorded in 2017 an increase of 239% against the previous year. Over the period under review, the average export prices reached the maximum at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was India ($X per ton), while the average price for exports to the United Arab Emirates ($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 Spain (+162.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Copper Bars, Wire And Plates

Imports into Angola

In 2021, after two years of decline, there was significant growth in overseas purchases of copper bars, wire and plates, when their volume increased by 22% to X tons. Overall, imports, however, recorded a deep reduction. The most prominent rate of growth was recorded in 2015 when imports increased by 135%. Over the period under review, imports attained the peak figure at X tons in 2013; however, from 2014 to 2021, imports remained at a lower figure.

In value terms, copper bars, wire and plates imports surged to $X in 2021. In general, imports, however, continue to indicate a abrupt shrinkage. Imports peaked at $X in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Portugal (X tons) constituted the largest copper bars, wire and plates supplier to Angola, with a 56% share of total imports. Moreover, copper bars, wire and plates imports from Portugal exceeded the figures recorded by the second-largest supplier, China (X tons), ninefold. The third position in this ranking was held by Zambia (X tons), with a 2.8% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Portugal totaled -16.2%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-0.8% per year) and Zambia (+34.0% per year).

In value terms, Portugal ($X) constituted the largest supplier of copper bars, wire and plates to Angola, comprising 59% of total imports. The second position in the ranking was taken by China ($X), with a 3.1% share of total imports. It was followed by Zambia, with a 2.3% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Portugal stood at -9.7%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+0.8% per year) and Zambia (+35.4% per year).

Import Prices by Country

The average import price for copper bars, wire and plates stood at $X per ton in 2021, rising by 62% against the previous year. Over the period under review, import price indicated a strong expansion from 2012 to 2021: its price increased at an average annual rate of +6.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, copper bars, wire and plates import price increased by +76.1% against 2016 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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 ($X per ton), while the price for Turkey ($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 (+7.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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