Angola: Market for Iron or Steel Cans 2025

Market Size for Iron or Steel Cans in Angola

In 2021, the Angolan iron or steel can market was finally on the rise to reach $X after six years of decline. Over the period under review, consumption, however, recorded a sharp setback. Over the period under review, the market attained the maximum level at $X in 2014; however, from 2015 to 2021, consumption remained at a lower figure.

Exports of Iron or Steel Cans

Exports from Angola

In 2021, iron or steel can exports from Angola soared to X units, increasing by 85% against 2020 figures. In general, exports, however, recorded a perceptible reduction. The pace of growth appeared the most rapid in 2014 when exports increased by 152%. As a result, the exports reached the peak of X units. From 2015 to 2021, the growth of the exports failed to regain momentum.

In value terms, iron or steel can exports soared to $X in 2021. Overall, exports, however, saw a sharp downturn. The pace of growth appeared the most rapid in 2013 when exports increased by 55%. Over the period under review, the exports hit record highs at $X in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

Exports by Country

Portugal (X units) was the main destination for iron or steel can exports from Angola, with a 97% share of total exports. It was followed by South Africa (X units), with a 2.9% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to Portugal amounted to -2.7%.

In value terms, Portugal ($X) remains the key foreign market for iron or steel cans exports from Angola, comprising 97% of total exports. The second position in the ranking was held by South Africa ($X), with a 3.1% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Portugal totaled -25.7%.

Export Prices by Country

In 2021, the average iron or steel can export price amounted to $X per unit, falling by -22.8% against the previous year. In general, the export price showed a dramatic curtailment. The most prominent rate of growth was recorded in 2020 when the average export price increased by 9.3% against the previous year. The export price peaked at $X per unit in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major overseas markets. In 2021, the country with the highest price was Portugal ($X per unit), while the average price for exports to South Africa totaled $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Democratic Republic of the Congo (+66.7%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Iron or Steel Cans

Imports into Angola

In 2021, supplies from abroad of iron or steel cans was finally on the rise to reach X units for the first time since 2013, thus ending a seven-year declining trend. In general, imports, however, continue to indicate a dramatic curtailment. Over the period under review, imports attained the peak figure at X units in 2013; however, from 2014 to 2021, imports remained at a lower figure.

In value terms, iron or steel can imports surged to $X in 2021. Over the period under review, imports, however, showed a sharp contraction. Imports peaked at $X in 2014; however, from 2015 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Germany (X units) constituted the largest supplier of iron or steel can to Angola, accounting for a 79% share of total imports. Moreover, iron or steel can imports from Germany exceeded the figures recorded by the second-largest supplier, Belgium (X units), fourfold.

From 2012 to 2021, the average annual rate of growth in terms of volume from Germany amounted to -32.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (-46.7% per year) and South Africa (-59.9% per year).

In value terms, Germany ($X) constituted the largest supplier of iron or steel cans to Angola, comprising 81% of total imports. The second position in the ranking was taken by Belgium ($X), with an 18% share of total imports.

From 2012 to 2021, the average annual growth rate of value from Germany stood at -27.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (-47.3% per year) and South Africa (-57.7% per year).

Import Prices by Country

The average iron or steel can import price stood at $X per unit in 2021, waning by -9.1% against the previous year. Over the last nine-year period, it increased at an average annual rate of +1.2%. The pace of growth was the most pronounced in 2019 an increase of 28%. As a result, import price attained the peak level of $X per unit. From 2020 to 2021, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was South Africa ($X per unit), while the price for Belgium ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+6.3%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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