Angola: Metal Link Chain Market 2024

Metal Link Chain Market Size in Angola

The Angolan metal link chain market surged to $X in 2021, jumping by 42% 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, however, recorded a abrupt shrinkage. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Metal Link Chain Exports

Exports from Angola

Metal link chain exports from Angola declined markedly to X tons in 2021, falling by -40.5% against 2020 figures. Overall, exports, however, recorded a buoyant increase. The most prominent rate of growth was recorded in 2016 with an increase of 510% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

In value terms, metal link chain exports reduced modestly to $X in 2021. In general, exports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when exports increased by 493%. The exports peaked at $X in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

South Africa (X kg) was the main destination for metal link chain exports from Angola, with a 81% share of total exports. Moreover, metal link chain exports to South Africa exceeded the volume sent to the second major destination, Belgium (X kg), sixfold. Congo (X kg) ranked third in terms of total exports with a 4% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to South Africa totaled +61.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belgium (+37.1% per year) and Congo (-18.1% per year).

In value terms, South Africa ($X) remains the key foreign market for iron or steel articulated link chain exports from Angola, comprising 87% of total exports. The second position in the ranking was taken by Congo ($X), with a 5.3% share of total exports. It was followed by Belgium, with a 4.2% share.

From 2012 to 2021, the average annual rate of growth in terms of value to South Africa amounted to +45.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Congo (-9.1% per year) and Belgium (+59.6% per year).

Export Prices by Country

In 2021, the average metal link chain export price amounted to $X per ton, with an increase of 62% against the previous year. Overall, the export price, however, showed a abrupt decline. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was Portugal ($X per ton), while the average price for exports to Belgium ($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 the UK (+97.3%), while the prices for the other major destinations experienced more modest paces of growth.

Metal Link Chain Imports

Imports into Angola

For the third year in a row, Angola recorded growth in supplies from abroad of iron or steel articulated link chain, which increased by 55% to X tons in 2021. Over the period under review, imports, however, continue to indicate a abrupt decrease. The growth pace was the most rapid in 2020 with an increase of 325% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, metal link chain imports skyrocketed to $X in 2021. Overall, imports, however, recorded a deep contraction. The pace of growth appeared the most rapid in 2020 with an increase of 238%. Imports peaked at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, China (X tons) constituted the largest metal link chain supplier to Angola, with a 78% share of total imports. Moreover, metal link chain imports from China exceeded the figures recorded by the second-largest supplier, Portugal (X tons), sevenfold. South Africa (X tons) ranked third in terms of total imports with a 3.1% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China amounted to +9.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Portugal (-14.3% per year) and South Africa (-0.3% per year).

In value terms, the largest metal link chain suppliers to Angola were Portugal ($X), China ($X) and Germany ($X), together comprising 73% of total imports.

China, with a CAGR of -1.5%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

In 2021, the average metal link chain import price amounted to $X per ton, waning by -24.1% against the previous year. Over the period under review, the import price showed a abrupt setback. The most prominent rate of growth was recorded in 2015 when the average import price increased by 32%. As a result, import price reached the peak level of $X per ton. From 2016 to 2021, the average import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+8.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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