Angola: Market for Copper Ores And Concentrates 2025

Market Size for Copper Ores And Concentrates in Angola

In 2021, the Angolan copper ores and concentrates market decreased by -79.8% to $X, falling for the third year in a row after four years of growth. Over the period under review, consumption, however, saw buoyant growth. As a result, consumption reached the peak level of $X. From 2019 to 2021, the growth of the market remained at a somewhat lower figure.

Production of Copper Ores And Concentrates in Angola

In value terms, copper ores and concentrates production reduced modestly to $X in 2021 estimated in export price. Over the period under review, production showed a perceptible downturn. The pace of growth appeared the most rapid in 2018 with an increase of 10% against the previous year. Copper ores and concentrates production peaked at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Exports of Copper Ores And Concentrates

Exports from Angola

In 2021, overseas shipments of copper ores and concentrates decreased by -6.7% to X kg, falling for the fourth consecutive year after two years of growth. Over the period under review, exports continue to indicate a deep reduction. The pace of growth appeared the most rapid in 2016 when exports increased by 71%. Over the period under review, the exports attained the peak figure at X kg in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, copper ores and concentrates exports expanded sharply to $X in 2021. In general, exports faced a deep setback. The pace of growth was the most pronounced in 2016 when exports increased by 29%. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

South Africa (X kg) was the main destination for copper ores and concentrates exports from Angola, accounting for a approx. 100% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to South Africa totaled -6.2%.

In value terms, South Africa ($X) also remains the key foreign market for copper ores and concentrates exports from Angola.

From 2012 to 2021, the average annual rate of growth in terms of value to South Africa amounted to -17.6%.

Export Prices by Country

The average copper ores and concentrates export price stood at $X per ton in 2021, rising by 16% against the previous year. Overall, the export price, however, saw a abrupt contraction. The most prominent rate of growth was recorded in 2018 when the average export price increased by 24% against the previous year. Over the period under review, the average export prices attained the maximum at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for South Africa.

From 2012 to 2021, the rate of growth in terms of prices for South Africa amounted to -12.1% per year.

Imports of Copper Ores And Concentrates

Imports into Angola

In 2021, supplies from abroad of copper ores and concentrates decreased by -86.6% to X kg, falling for the third consecutive year after four years of growth. Overall, imports, however, posted resilient growth. The most prominent rate of growth was recorded in 2018 when imports increased by 304%. As a result, imports reached the peak of X kg. From 2019 to 2021, the growth of imports failed to regain momentum.

In value terms, copper ores and concentrates imports reduced sharply to $X in 2021. In general, imports saw a abrupt curtailment. The most prominent rate of growth was recorded in 2018 with an increase of 129%. As a result, imports attained the peak of $X. From 2019 to 2021, the growth of imports failed to regain momentum.

Imports by Country

In 2021, Namibia (X kg) constituted the largest supplier of copper ores and concentrates to Angola, accounting for a 73% share of total imports. Moreover, copper ores and concentrates imports from Namibia exceeded the figures recorded by the second-largest supplier, the UK (X kg), threefold.

From 2012 to 2021, the average annual rate of growth in terms of volume from Namibia amounted to +4.3%.

In value terms, Namibia ($X) constituted the largest supplier of copper ores and concentrates to Angola, comprising 83% of total imports. The second position in the ranking was held by the UK ($X), with a 17% share of total imports.

From 2012 to 2021, the average annual growth rate of value from Namibia totaled -9.9%.

Import Prices by Country

In 2021, the average copper ores and concentrates import price amounted to $X per ton, with an increase of 31% against the previous year. Overall, the import price, however, saw a abrupt slump. The pace of growth was the most pronounced in 2014 an increase of 241% against the previous year. As a result, import price reached the peak level of $X per ton. From 2015 to 2021, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Namibia ($X per ton), while the price for the UK stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Namibia (-13.5%).

Source: IndexBox Platform

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