Angola: Lead Market 2024

Lead Market Size in Angola

The Angolan lead market contracted modestly to $X in 2022, declining by -2.1% against the previous year. Overall, consumption, however, showed a mild reduction. As a result, consumption reached the peak level of $X. From 2019 to 2022, the growth of the market failed to regain momentum.

Lead Production in Angola

In value terms, lead production reduced to $X in 2022 estimated in export price. In general, production recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when the production volume increased by 22%. As a result, production attained the peak level of $X. From 2019 to 2022, production growth failed to regain momentum.

Lead Exports

Exports from Angola

Lead exports from Angola reduced dramatically to X tons in 2022, shrinking by -22.1% against 2021 figures. Over the period under review, exports, however, showed a buoyant increase. The pace of growth appeared the most rapid in 2014 when exports increased by 92%. The exports peaked at X tons in 2021, and then dropped notably in the following year.

In value terms, lead exports dropped rapidly to $X in 2022. Overall, exports, however, showed buoyant growth. The pace of growth appeared the most rapid in 2021 when exports increased by 109%. As a result, the exports reached the peak of $X, and then fell dramatically in the following year.

Exports by Country

Thailand (X tons) was the main destination for lead exports from Angola, accounting for a 66% share of total exports. Moreover, lead exports to Thailand exceeded the volume sent to the second major destination, India (X tons), fourfold. The third position in this ranking was taken by Italy (X tons), with an 8.9% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Thailand amounted to +28.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: India (+8.9% per year) and Italy (+20.6% per year).

In value terms, Thailand ($X) remains the key foreign market for lead exports from Angola, comprising 66% of total exports. The second position in the ranking was taken by India ($X), with a 17% share of total exports. It was followed by Italy, with a 9.3% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Thailand totaled +29.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: India (+8.4% per year) and Italy (+22.0% per year).

Export Prices by Country

In 2022, the average lead export price amounted to $X per ton, dropping by -5% against the previous year. In general, the export price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2017 when the average export price increased by 20%. The export price peaked at $X per ton in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.

Average prices varied somewhat for the major external markets. In 2022, amid the top suppliers, the countries with the highest prices were South Korea ($X per ton) and Italy ($X per ton), while the average price for exports to China ($X per ton) and Thailand ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Italy (+1.2%), while the prices for the other major destinations experienced more modest paces of growth.

Lead Imports

Imports into Angola

In 2022, overseas purchases of lead were finally on the rise to reach X tons after two years of decline. Over the period under review, imports recorded a strong increase. The pace of growth was the most pronounced in 2017 with an increase of 93%. Over the period under review, imports attained the maximum in 2022 and are likely to see gradual growth in years to come.

In value terms, lead imports soared to $X in 2022. In general, imports, however, continue to indicate a abrupt curtailment. The most prominent rate of growth was recorded in 2017 with an increase of 128%. As a result, imports reached the peak of $X. From 2018 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, South Africa (X tons) constituted the largest supplier of lead to Angola, with a 82% share of total imports. Moreover, lead imports from South Africa exceeded the figures recorded by the second-largest supplier, Spain (X tons), fivefold.

From 2012 to 2022, the average annual rate of growth in terms of volume from South Africa amounted to +62.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+4.4% per year) and China (-22.8% per year).

In value terms, South Africa ($X) constituted the largest supplier of lead to Angola, comprising 89% of total imports. The second position in the ranking was taken by Spain ($X), with a 9.1% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from South Africa stood at +26.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (-18.8% per year) and China (-37.2% per year).

Import Prices by Country

In 2022, the average lead import price amounted to $X per ton, reducing by -26.8% against the previous year. Over the period under review, the import price saw a abrupt decrease. The growth pace was the most rapid in 2017 an increase of 18% against the previous year. Over the period under review, average import prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was South Africa ($X per ton), while the price for Spain ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (-18.7%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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