Angola: Market for Iron, Steel Or Aluminium Reservoirs, Tanks, Vats And Similar Containers 2021

Market Size for Iron, Steel Or Aluminium Reservoirs, Tanks, Vats And Similar Containers in Angola

The Angolan market for iron, steel or aluminium reservoirs, tanks, vats and similar containers soared to $X in 2020, jumping by X% 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, showed a abrupt slump. The most prominent rate of growth was recorded in 2008 with an increase of X% y-o-y. As a result, consumption reached the peak level of $X. from 2009 to 2020, the growth of the market remained at a somewhat lower figure.

Exports of Iron, Steel Or Aluminium Reservoirs, Tanks, Vats And Similar Containers

Exports from Angola

For the third year in a row, Angola recorded decline in overseas shipments of iron, steel or aluminium reservoirs, tanks, vats and similar containers, which decreased by -X% to X tons in 2020. Over the period under review, exports, however, showed a prominent expansion. The pace of growth was the most pronounced in 2009 with an increase of X% against the previous year. Over the period under review, exports attained the peak figure at X tons in 2017; however, from 2018 to 2020, exports stood at a somewhat lower figure.

In value terms, iron, steel or aluminium reservoir exports reduced to $X in 2020. In general, exports, however, saw resilient growth. The pace of growth appeared the most rapid in 2015 when exports increased by X% against the previous year. Exports peaked at $X in 2017; however, from 2018 to 2020, exports remained at a lower figure.

Exports by Country

Portugal (X tons), South Africa (X tons) and the UK (X tons) were the main destinations of iron, steel or aluminium reservoir exports from Angola, together accounting for X% of total exports.

From 2007 to 2020, the biggest increases were in Portugal (+X% per year), while shipments for the other leaders experienced more modest paces of growth.

In value terms, South Africa ($X), the UK ($X) and Portugal ($X) were the largest markets for iron, steel or aluminium reservoir exported from Angola worldwide, together accounting for X% of total exports.

Portugal recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2020, the average export price for iron, steel or aluminium reservoirs, tanks, vats and similar containers amounted to $X per ton, growing by X% against the previous year. Overall, the export price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2008 an increase of X% year-to-year. As a result, export price attained the peak level of $X per ton. from 2009 to 2020, the growth in terms of the average export prices failed to regain the momentum.

Prices varied noticeably by the country of destination; the country with the highest price was South Africa ($X per ton), while the average price for exports to Gabon ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to South Africa, while the prices for the other major destinations experienced mixed trend patterns.

Imports of Iron, Steel Or Aluminium Reservoirs, Tanks, Vats And Similar Containers

Imports into Angola

Iron, steel or aluminium reservoir imports into Angola soared to X tons in 2020, with an increase of X% on the year before. Over the period under review, imports, however, recorded a deep setback. The growth pace was the most rapid in 2008 with an increase of X% y-o-y. As a result, imports attained the peak of X tons. from 2009 to 2020, the growth imports remained at a somewhat lower figure.

In value terms, iron, steel or aluminium reservoir imports skyrocketed to $X in 2020. In general, imports, however, continue to indicate a abrupt shrinkage. The most prominent rate of growth was recorded in 2008 when imports increased by X% against the previous year. As a result, imports reached the peak of $X. from 2009 to 2020, the growth imports remained at a lower figure.

Imports by Country

In 2020, Portugal (X tons) constituted the largest iron, steel or aluminium reservoir supplier to Angola, accounting for a X% share of total imports. Moreover, iron, steel or aluminium reservoir imports from Portugal exceeded the figures recorded by the second-largest supplier, Turkey (X tons), fivefold. The third position in this ranking was occupied by Indonesia (X tons), with a X% share.

From 2007 to 2020, the average annual growth rate of volume from Portugal stood at -X%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (-X% per year) and Indonesia (-X% per year).

In value terms, the largest iron, steel or aluminium reservoir suppliers to Angola were France ($X), Portugal ($X) and Poland ($X), with a combined X% share of total imports.

Poland recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average import price for iron, steel or aluminium reservoirs, tanks, vats and similar containers stood at $X per ton in 2020, dropping by -X% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 an increase of X% against the previous year. Over the period under review, average import prices attained the peak figure at $X per ton in 2011; however, from 2012 to 2020, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2020, the country with the highest price was France ($X per ton), while the price for Indonesia ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by France, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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