Angola: Market for Hot-Rolled Wire Rod In Coil Of Stainless Steel 2025

Market Size for Hot-Rolled Wire Rod In Coil Of Stainless Steel in Angola

In 2022, the Angolan market for hot-rolled wire rod in coil of stainless steel was finally on the rise to reach $X for the first time since 2019, thus ending a two-year declining trend. Overall, consumption, however, saw a deep slump. Hot-rolled wire stainless steel rod consumption peaked at $X in 2014; however, from 2015 to 2022, consumption remained at a lower figure.

Production of Hot-Rolled Wire Rod In Coil Of Stainless Steel in Angola

In value terms, hot-rolled wire stainless steel rod production rose modestly to $X in 2022 estimated in export price. In general, production recorded buoyant growth. The pace of growth was the most pronounced in 2017 when the production volume increased by 27% against the previous year. As a result, production reached the peak level of $X. From 2018 to 2022, production growth remained at a somewhat lower figure.

Exports of Hot-Rolled Wire Rod In Coil Of Stainless Steel

Exports from Angola

In 2021, after three years of decline, there was decline in overseas shipments of hot-rolled wire rod in coil of stainless steel, when their volume decreased by 0% to X kg. Overall, exports faced a sharp decrease. The smallest decline of -81.5% was in 2018. The exports peaked at X tons in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

In value terms, hot-rolled wire stainless steel rod exports amounted to $X in 2021. In general, exports continue to indicate a precipitous shrinkage. The smallest decline of -89.6% was in 2018. The exports peaked at $X in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

Exports by Country

The UK (X kg) was the main destination for hot-rolled wire stainless steel rod exports from Angola, accounting for a approx. 100% share of total exports.

From 2017 to 2021, the average annual rate of growth in terms of volume to the UK amounted to -23.9%.

From 2017 to 2021, the average annual growth rate of value to the UK amounted to -33.9%.

Export Prices by Country

The average export price for hot-rolled wire rod in coil of stainless steel stood at $X per ton in 2021, flattening at the previous year. Over the period under review, the export price saw a deep downturn. The growth pace was the most rapid in 2018 a decrease of -44.1% against the previous year. The export price peaked at $X per ton in 2017; however, from 2018 to 2021, the export prices stood at a somewhat lower figure.

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

From 2017 to 2021, the rate of growth in terms of prices for the UK amounted to -13.1% per year.

Imports of Hot-Rolled Wire Rod In Coil Of Stainless Steel

Imports into Angola

In 2022, supplies from abroad of hot-rolled wire rod in coil of stainless steel was finally on the rise to reach X tons for the first time since 2019, thus ending a two-year declining trend. In general, imports, however, showed a mild descent. The most prominent rate of growth was recorded in 2019 when imports increased by 1,985%. Over the period under review, imports hit record highs at X tons in 2014; however, from 2015 to 2022, imports failed to regain momentum.

In value terms, hot-rolled wire stainless steel rod imports expanded rapidly to $X in 2022. Overall, imports, however, faced a deep setback. The growth pace was the most rapid in 2019 when imports increased by 1,627%. Over the period under review, imports hit record highs at $X in 2014; however, from 2015 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of hot-rolled wire stainless steel rod to Angola, with a 68% share of total imports. Moreover, hot-rolled wire stainless steel rod imports from China exceeded the figures recorded by the second-largest supplier, the United Arab Emirates (X kg), threefold. The third position in this ranking was taken by Portugal (X kg), with an 8.3% share.

From 2012 to 2022, the average annual growth rate of volume from China totaled +9.0%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (-5.7% per year) and Portugal (+9.2% per year).

In value terms, China ($X) constituted the largest supplier of hot-rolled wire rod in coil of stainless steel to Angola, comprising 61% of total imports. The second position in the ranking was held by France ($X), with an 18% share of total imports. It was followed by the United Arab Emirates, with a 6.1% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: France (+36.7% per year) and the United Arab Emirates (-20.9% per year).

Import Prices by Country

In 2022, the average import price for hot-rolled wire rod in coil of stainless steel amounted to $X per ton, dropping by -6.8% against the previous year. Over the period under review, the import price continues to indicate a deep contraction. The pace of growth was the most pronounced in 2017 an increase of 18% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

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 France ($X per ton), while the price for the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+5.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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