Angola: Metal Spring Washer Market 2025

Metal Spring Washer Market Size in Angola

In 2022, after two years of decline, there was significant growth in the Angolan metal spring washer market, when its value increased by 65% to $X. In general, consumption, however, saw a deep reduction. Metal spring washer consumption peaked at $X in 2013; however, from 2014 to 2022, consumption stood at a somewhat lower figure.

Metal Spring Washer Exports

Exports from Angola

In 2022, the amount of iron or steel spring washers exported from Angola surged to X tons, with an increase of 83% compared with 2021 figures. Over the period under review, exports saw a buoyant expansion. The most prominent rate of growth was recorded in 2015 when exports increased by 1,626%. Over the period under review, the exports attained the peak figure at X tons in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

In value terms, metal spring washer exports soared to $X in 2022. Overall, exports showed a resilient increase. The growth pace was the most rapid in 2017 with an increase of 1,573% against the previous year. As a result, the exports attained the peak of $X. From 2018 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

India (X kg) was the main destination for metal spring washer exports from Angola, accounting for a 58% share of total exports. Moreover, metal spring washer exports to India exceeded the volume sent to the second major destination, Norway (X kg), threefold. Nigeria (X kg) ranked third in terms of total exports with a 9.9% share.

From 2012 to 2022, the average annual growth rate of volume to India stood at +37.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Norway (+60.3% per year) and Nigeria (+47.7% per year).

In value terms, Norway ($X) remains the key foreign market for iron or steel spring washers exports from Angola, comprising 51% of total exports. The second position in the ranking was held by India ($X), with a 24% share of total exports. It was followed by Nigeria, with an 11% share.

From 2012 to 2022, the average annual growth rate of value to Norway totaled +53.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: India (+56.3% per year) and Nigeria (+38.6% per year).

Export Prices by Country

In 2022, the average metal spring washer export price amounted to $X per ton, shrinking by -23% against the previous year. In general, the export price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 an increase of 179%. The export price peaked at $X per ton in 2017; however, from 2018 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Norway ($X per ton), while the average price for exports to Democratic Republic of the Congo ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to India (+13.7%), while the prices for the other major destinations experienced more modest paces of growth.

Metal Spring Washer Imports

Imports into Angola

In 2022, metal spring washer imports into Angola soared to X tons, growing by 85% against the previous year. In general, imports, however, showed a abrupt descent. The pace of growth was the most pronounced in 2019 when imports increased by 254% against the previous year. Over the period under review, imports attained the maximum at X tons in 2013; however, from 2014 to 2022, imports failed to regain momentum.

In value terms, metal spring washer imports surged to $X in 2022. Over the period under review, imports, however, saw a abrupt slump. The growth pace was the most rapid in 2019 with an increase of 200%. Imports peaked at $X in 2013; however, from 2014 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of metal spring washer to Angola, with a 50% share of total imports. Moreover, metal spring washer imports from China exceeded the figures recorded by the second-largest supplier, the UK (X tons), twofold. Portugal (X tons) ranked third in terms of total imports with an 8.5% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to +23.8%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (+23.6% per year) and Portugal (-24.6% per year).

In value terms, the UK ($X) constituted the largest supplier of iron or steel spring washers to Angola, comprising 44% of total imports. The second position in the ranking was held by Portugal ($X), with a 16% share of total imports. It was followed by Spain, with a 9.4% share.

From 2012 to 2022, the average annual rate of growth in terms of value from the UK stood at +15.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Portugal (-18.7% per year) and Spain (+32.1% per year).

Import Prices by Country

The average metal spring washer import price stood at $X per ton in 2022, which is down by -16.9% against the previous year. Over the period under review, the import price saw a noticeable reduction. The most prominent rate of growth was recorded in 2016 when the average import price increased by 42%. As a result, import price attained the peak level of $X per ton. From 2017 to 2022, the average import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Spain ($X per ton), while the price for China ($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 (+15.7%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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