Angola: Market for Plastic Tableware And Kitchenware 2024

Market Size for Plastic Tableware And Kitchenware in Angola

The Angolan plastic tableware and kitchenware market dropped to $X in 2022, which is down by -7.5% 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). Overall, consumption saw a perceptible slump. As a result, consumption attained the peak level of $X. From 2014 to 2022, the growth of the market failed to regain momentum.

Exports of Plastic Tableware And Kitchenware

Exports from Angola

In 2022, approx. X tons of plastic tableware and kitchenware were exported from Angola; with an increase of 211% against 2021 figures. Overall, exports posted a significant increase. The pace of growth was the most pronounced in 2014 with an increase of 852%. Over the period under review, the exports hit record highs at X tons in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

In value terms, plastic tableware and kitchenware exports soared to $X in 2022. In general, exports saw significant growth. The growth pace was the most rapid in 2014 when exports increased by 1,062% against the previous year. The exports peaked at $X in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Sao Tome and Principe (X tons) was the main destination for plastic tableware and kitchenware exports from Angola, accounting for a 38% share of total exports. Moreover, plastic tableware and kitchenware exports to Sao Tome and Principe exceeded the volume sent to the second major destination, Portugal (X tons), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Sao Tome and Principe amounted to +100.9%.

In value terms, the largest markets for plastic tableware and kitchenware exported from Angola were Sao Tome and Principe ($X) and Portugal ($X).

Among the main countries of destination, Portugal, with a CAGR of +144.1%, recorded the highest rates of growth with regard to the value of exports, over the period under review.

Export Prices by Country

In 2022, the average plastic tableware and kitchenware export price amounted to $X per ton, falling by -54.8% against the previous year. Overall, the export price saw a pronounced decrease. The most prominent rate of growth was recorded in 2021 when the average export price increased by 63%. As a result, the export price reached the peak level of $X per ton, and then contracted significantly in the following year.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Portugal ($X per ton), while the average price for exports to Sao Tome and Principe totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Antigua and Barbuda (+32.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Plastic Tableware And Kitchenware

Imports into Angola

Plastic tableware and kitchenware imports into Angola declined to X tons in 2022, waning by -10.4% against the year before. Over the period under review, imports recorded a pronounced downturn. The pace of growth appeared the most rapid in 2013 with an increase of 193% against the previous year. As a result, imports attained the peak of X tons. From 2014 to 2022, the growth of imports remained at a lower figure.

In value terms, plastic tableware and kitchenware imports stood at $X in 2022. Overall, imports saw a mild descent. The most prominent rate of growth was recorded in 2013 when imports increased by 111% against the previous year. As a result, imports reached the peak of $X. From 2014 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, China (X tons) constituted the largest plastic tableware and kitchenware supplier to Angola, with a 83% share of total imports. Moreover, plastic tableware and kitchenware imports from China exceeded the figures recorded by the second-largest supplier, India (X tons), more than tenfold. Portugal (X tons) ranked third in terms of total imports with a 2.8% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to +10.7%. The remaining supplying countries recorded the following average annual rates of imports growth: India (-22.6% per year) and Portugal (-18.4% per year).

In value terms, China ($X) constituted the largest supplier of plastic tableware and kitchenware to Angola, comprising 79% of total imports. The second position in the ranking was taken by Portugal ($X), with a 5.7% share of total imports. It was followed by India, with a 3.7% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China totaled +16.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Portugal (-13.8% per year) and India (-20.4% per year).

Import Prices by Country

The average plastic tableware and kitchenware import price stood at $X per ton in 2022, rising by 12% against the previous year. In general, import price indicated a perceptible increase from 2012 to 2022: its price increased at an average annual rate of +3.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, plastic tableware and kitchenware import price decreased by -8.7% against 2020 indices. The most prominent rate of growth was recorded in 2014 when the average import price increased by 106% against the previous year. The import price peaked at $X per ton in 2020; however, from 2021 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 Portugal ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+11.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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