Angola: Market for Extruded Solid Rubber Rods And Profiles 2024

Market Size for Extruded Solid Rubber Rods And Profiles in Angola

The Angolan extruded solid rubber rod market reduced to $X in 2022, waning by -6.3% 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). In general, consumption continues to indicate a perceptible shrinkage. Extruded solid rubber rod consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Exports of Extruded Solid Rubber Rods And Profiles

Exports from Angola

In 2019, overseas shipments of extruded solid rubber rods and profiles decreased by -99% to X kg, falling for the second consecutive year after two years of growth. Over the period under review, exports showed a precipitous descent. The growth pace was the most rapid in 2017 when exports increased by 5,814% against the previous year. As a result, the exports attained the peak of X kg. From 2018 to 2019, the growth of the exports failed to regain momentum.

In value terms, extruded solid rubber rod exports dropped markedly to $X in 2019. Overall, exports showed a dramatic shrinkage. The pace of growth appeared the most rapid in 2017 when exports increased by 3,730%. As a result, the exports attained the peak of $X. From 2018 to 2019, the growth of the exports remained at a lower figure.

Exports by Country

Portugal (X kg) and the United Arab Emirates (X kg) were the main destinations of extruded solid rubber rod exports from Angola.

From 2016 to 2019, the biggest increases were recorded for the United Arab Emirates (with a CAGR of 0.0%).

In value terms, Portugal ($X) remains the key foreign market for extruded solid rubber rods and profiles exports from Angola, comprising 90% of total exports. The second position in the ranking was taken by the United Arab Emirates ($X), with a 9.5% share of total exports.

From 2016 to 2019, the average annual rate of growth in terms of value to Portugal stood at -8.7%.

Export Prices by Country

In 2019, the average extruded solid rubber rod export price amounted to $X per ton, shrinking by -50.8% against the previous year. Overall, the export price saw a sharp shrinkage. The pace of growth was the most pronounced in 2018 a decrease of -0.2% against the previous year. The export price peaked at $X per ton in 2016; however, from 2017 to 2019, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2019, amid the top suppliers, the country with the highest price was Portugal ($X per ton), while the average price for exports to the United Arab Emirates totaled $X per ton.

From 2016 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to Portugal (+31.6%).

Imports of Extruded Solid Rubber Rods And Profiles

Imports into Angola

In 2022, imports of extruded solid rubber rods and profiles into Angola reduced to X tons, falling by -11.8% against 2021. In general, imports saw a abrupt contraction. The most prominent rate of growth was recorded in 2019 when imports increased by 107% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, extruded solid rubber rod imports shrank to $X in 2022. Overall, imports recorded a pronounced contraction. The most prominent rate of growth was recorded in 2019 when imports increased by 159%. As a result, imports attained the peak of $X. From 2020 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, Portugal (X tons) constituted the largest extruded solid rubber rod supplier to Angola, accounting for a 66% share of total imports. Moreover, extruded solid rubber rod imports from Portugal exceeded the figures recorded by the second-largest supplier, South Africa (X tons), more than tenfold. Namibia (X tons) ranked third in terms of total imports with a 5.7% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Portugal stood at -3.7%. The remaining supplying countries recorded the following average annual rates of imports growth: South Africa (+8.3% per year) and Namibia (-8.4% per year).

In value terms, Portugal ($X) constituted the largest supplier of extruded solid rubber rods and profiles to Angola, comprising 74% of total imports. The second position in the ranking was taken by Spain ($X), with a 5.1% share of total imports. It was followed by South Africa, with a 4.7% share.

From 2012 to 2022, the average annual growth rate of value from Portugal was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+4.0% per year) and South Africa (+6.6% per year).

Import Prices by Country

In 2022, the average extruded solid rubber rod import price amounted to $X per ton, picking up by 9.9% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +4.7%. The most prominent rate of growth was recorded in 2019 when the average import price increased by 25%. The import price peaked in 2022 and is expected to retain growth in the near future.

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 Spain ($X per ton), while the price for Namibia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+12.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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