Angola: Plastic Household Articles Market 2024

Plastic Household Articles Market Size in Angola

The Angolan plastic household articles market declined to $X in 2022, waning by -9.8% 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). Over the period under review, consumption saw a abrupt downturn. Over the period under review, the market reached the peak level at $X in 2015; however, from 2016 to 2022, consumption failed to regain momentum.

Plastic Household Articles Exports

Exports from Angola

In 2022, overseas shipments of household articles and toilet articles of plastics were finally on the rise to reach X tons after three years of decline. In general, exports continue to indicate significant growth. The pace of growth appeared the most rapid in 2017 when exports increased by 14,543%. Over the period under review, the exports attained the peak figure at X tons in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

In value terms, plastic household articles exports soared to $X in 2022. Overall, exports posted significant growth. The most prominent rate of growth was recorded in 2017 when exports increased by 11,492% against the previous year. Over the period under review, the exports hit record highs at $X in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Democratic Republic of the Congo (X tons) was the main destination for plastic household articles exports from Angola, accounting for a 91% share of total exports. Moreover, plastic household articles exports to Democratic Republic of the Congo exceeded the volume sent to the second major destination, Congo (X tons), tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Democratic Republic of the Congo amounted to +41.5%.

In value terms, Democratic Republic of the Congo ($X) remains the key foreign market for household articles and toilet articles of plastics exports from Angola, comprising 82% of total exports. The second position in the ranking was taken by Congo ($X), with a 17% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Democratic Republic of the Congo totaled +47.4%.

Export Prices by Country

The average plastic household articles export price stood at $X per ton in 2022, which is down by -3.4% against the previous year. Overall, the export price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 an increase of 16%. Over the period under review, the average export prices hit record highs at $X per ton in 2016; however, from 2017 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Congo ($X per ton), while the average price for exports to Democratic Republic of the Congo stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Democratic Republic of the Congo (+4.2%).

Plastic Household Articles Imports

Imports into Angola

In 2022, plastic household articles imports into Angola dropped slightly to X tons, leveling off at 2021. Over the period under review, imports continue to indicate a deep setback. The most prominent rate of growth was recorded in 2018 when imports increased by 59%. Over the period under review, imports hit record highs at X tons in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

In value terms, plastic household articles imports shrank to $X in 2022. In general, imports faced a abrupt downturn. The pace of growth appeared the most rapid in 2013 when imports increased by 59% against the previous year. Imports peaked at $X in 2015; however, from 2016 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X tons) constituted the largest plastic household articles supplier to Angola, accounting for a 83% share of total imports. Moreover, plastic household articles imports from China exceeded the figures recorded by the second-largest supplier, Portugal (X tons), more than tenfold. Turkey (X tons) ranked third in terms of total imports with a 2.3% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Portugal (-18.3% per year) and Turkey (+1.3% per year).

In value terms, China ($X) constituted the largest supplier of household articles and toilet articles of plastics to Angola, comprising 72% of total imports. The second position in the ranking was taken by Portugal ($X), with a 9.4% share of total imports. It was followed by Turkey, with a 3.8% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China stood at -5.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Portugal (-22.1% per year) and Turkey (-1.6% per year).

Import Prices by Country

In 2022, the average plastic household articles import price amounted to $X per ton, declining by -4.6% against the previous year. Over the period under review, the import price showed a deep slump. The most prominent rate of growth was recorded in 2020 when the average import price increased by 41% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2014; however, from 2015 to 2022, import prices remained at a 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 South Africa ($X per ton), while the price for Tanzania ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Namibia (-0.1%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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