Angola: Market for Iron or Steel Flat Spiral or Discs Springs 2025

Market Size for Iron or Steel Flat Spiral or Discs Springs in Angola

The Angolan market for iron or steel flat spiral or discs springs soared to $X in 2021, rising by 98% 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 recorded slight growth. Over the period under review, the market reached the peak level at $X in 2013; however, from 2014 to 2021, consumption remained at a lower figure.

Exports of Iron or Steel Flat Spiral or Discs Springs

Exports from Angola

In 2021, overseas shipments of iron or steel flat spiral or discs springs were finally on the rise to reach X kg for the first time since 2018, thus ending a two-year declining trend. Overall, exports continue to indicate a prominent expansion. The most prominent rate of growth was recorded in 2015 with an increase of 4,751% against the previous year. As a result, the exports attained the peak of X tons. From 2016 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, metal spiral or discs spring exports declined markedly to $X in 2021. In general, exports posted a remarkable increase. The pace of growth appeared the most rapid in 2015 when exports increased by 2,277% against the previous year. As a result, the exports attained the peak of $X. From 2016 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Democratic Republic of the Congo (X kg) was the main destination for metal spiral or discs spring exports from Angola, with a 83% share of total exports. Moreover, metal spiral or discs spring exports to Democratic Republic of the Congo exceeded the volume sent to the second major destination, Nigeria (X kg), more than tenfold. The third position in this ranking was held by Ghana (X kg), with a 3.1% share.

From 2012 to 2021, the average annual growth rate of volume to Democratic Republic of the Congo was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Nigeria (+14.9% per year) and Ghana (+22.0% per year).

In value terms, Congo ($X) emerged as the key foreign market for iron or steel flat spiral or discs springs exports from Angola, comprising 55% of total exports. The second position in the ranking was held by Ghana ($X), with an 18% share of total exports. It was followed by the United States, with an 11% share.

From 2012 to 2021, the average annual growth rate of value to Congo stood at +9.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ghana (+60.3% per year) and the United States (+16.5% per year).

Export Prices by Country

In 2021, the average export price for iron or steel flat spiral or discs springs amounted to $X per ton, falling by -54.3% against the previous year. Over the period under review, the export price showed a noticeable decline. The most prominent rate of growth was recorded in 2016 an increase of 60%. The export price peaked at $X per ton in 2019; however, from 2020 to 2021, the export prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Malaysia (+125.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Iron or Steel Flat Spiral or Discs Springs

Imports into Angola

In 2021, the amount of iron or steel flat spiral or discs springs imported into Angola skyrocketed to X tons, rising by 127% against the previous year's figure. Over the period under review, imports continue to indicate resilient growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, metal spiral or discs spring imports soared to $X in 2021. Overall, imports, however, continue to indicate a abrupt downturn. Over the period under review, imports hit record highs at $X in 2013; however, from 2014 to 2021, imports failed to regain momentum.

Imports by Country

China (X tons), Portugal (X tons) and Turkey (X tons) were the main suppliers of metal spiral or discs spring imports to Angola, with a combined 76% share of total imports. South Africa, the United Arab Emirates, Hong Kong SAR and Morocco lagged somewhat behind, together comprising a further 10%.

From 2012 to 2021, the biggest increases were recorded for Morocco (with a CAGR of +129.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Portugal ($X) constituted the largest supplier of iron or steel flat spiral or discs springs to Angola, comprising 27% of total imports. The second position in the ranking was taken by China ($X), with an 8.7% share of total imports. It was followed by Turkey, with an 8.4% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Portugal stood at -9.5%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-5.4% per year) and Turkey (+54.5% per year).

Import Prices by Country

The average import price for iron or steel flat spiral or discs springs stood at $X per ton in 2021, shrinking by -28.7% against the previous year. Over the period under review, the import price faced a deep reduction. The most prominent rate of growth was recorded in 2016 when the average import price increased by 21% against the previous year. The import price peaked at $X per ton in 2014; however, from 2015 to 2021, import prices failed to regain momentum.

Prices varied noticeably country of origin: the country with the highest price was South Africa ($X per ton), while the price for China ($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 Arab Emirates (-2.5%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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