Angola: Copper Screw Market 2025

Copper Screw Market Size in Angola

After two years of decline, the Angolan copper screw market increased by 681% to $X in 2021. Overall, consumption, however, saw a deep setback. Copper screw consumption peaked at $X in 2014; however, from 2015 to 2021, consumption failed to regain momentum.

Copper Screw Exports

Exports from Angola

In 2021, shipments abroad of copper screws, bolts and nuts was finally on the rise to reach X kg after two years of decline. Overall, exports posted a strong expansion. The pace of growth was the most pronounced in 2013 with an increase of 1,538%. As a result, the exports reached the peak of X kg. From 2014 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, copper screw exports surged to $X in 2021. Over the period under review, exports continue to indicate significant growth. The pace of growth appeared the most rapid in 2013 with an increase of 1,279% against the previous year. As a result, the exports attained the peak of $X. From 2014 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Ghana (X kg) was the main destination for copper screw exports from Angola, with a 61% share of total exports. Moreover, copper screw exports to Ghana exceeded the volume sent to the second major destination, Portugal (X kg), fourfold. The third position in this ranking was taken by Nigeria (X kg), with a 9.8% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Ghana amounted to -9.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Portugal (+4.6% per year) and Nigeria (+18.9% per year).

In value terms, Ghana ($X) remains the key foreign market for copper screws, bolts and nuts exports from Angola, comprising 65% of total exports. The second position in the ranking was taken by Norway ($X), with a 26% share of total exports. It was followed by Namibia, with a 1.6% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Ghana stood at +95.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Norway (+198.7% per year) and Namibia (+46.3% per year).

Export Prices by Country

The average copper screw export price stood at $X per ton in 2021, picking up by 245% against the previous year. Over the period under review, the export price enjoyed a strong expansion. The export price peaked at $X per ton in 2017; however, from 2018 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 Norway ($X per ton), while the average price for exports to Portugal ($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 Ghana (+27.1%), while the prices for the other major destinations experienced more modest paces of growth.

Copper Screw Imports

Imports into Angola

In 2021, purchases abroad of copper screws, bolts and nuts was finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. In general, imports, however, showed a abrupt curtailment. Imports peaked at X tons in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

In value terms, copper screw imports soared to $X in 2021. Overall, imports, however, saw a deep downturn. Imports peaked at $X in 2014; however, from 2015 to 2021, imports remained at a lower figure.

Imports by Country

China (X tons), Portugal (X tons) and the United Arab Emirates (X tons) were the main suppliers of copper screw imports to Angola, with a combined 67% share of total imports. These countries were followed by the United States, France, South Africa, Mexico, South Korea, Belgium, Brazil and Sweden, which together accounted for a further 28%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Mexico (with a CAGR of +52.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest copper screw suppliers to Angola were Portugal ($X), China ($X) and France ($X), with a combined 55% share of total imports. These countries were followed by Belgium, the United Arab Emirates, South Africa, the United States, South Korea, Mexico, Brazil and Sweden, which together accounted for a further 33%.

In terms of the main suppliers, Sweden, with a CAGR of +47.1%, 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

In 2021, the average copper screw import price amounted to $X per ton, which is down by -14.1% against the previous year. In general, import price indicated a modest expansion from 2012 to 2021: its price increased at an average annual rate of +1.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, copper screw import price increased by +20.6% against 2018 indices. The pace of growth appeared the most rapid in 2016 when the average import price increased by 41% against the previous year. As a result, import price attained the peak level of $X per ton. From 2017 to 2021, the average import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Belgium ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Romania (+635.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :