Angola: Matches Market 2024

Matches Market Size in Angola

The Angolan matches market skyrocketed to $X in 2021, jumping by 42% 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, the total consumption indicated a measured expansion from 2012 to 2021: its value increased at an average annual rate of +4.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +132.9% against 2019 indices. Matches consumption peaked in 2021 and is expected to retain growth in years to come.

Matches Exports

Exports from Angola

In 2021, shipments abroad of matches decreased by -99.5% to X kg for the first time since 2011, thus ending a nine-year rising trend. Over the period under review, exports saw a perceptible descent. The growth pace was the most rapid in 2018 when exports increased by 764%. Over the period under review, the exports hit record highs at X tons in 2020, and then reduced markedly in the following year.

In value terms, matches exports contracted significantly to $X in 2021. Overall, exports, however, showed a modest increase. The pace of growth was the most pronounced in 2018 when exports increased by 1,151%. Over the period under review, the exports hit record highs at $X in 2020, and then reduced sharply in the following year.

Exports by Country

Congo (X kg), Democratic Republic of the Congo (X kg) and Qatar (X kg) were the main destinations of matches exports from Angola, with a combined 90% share of total exports. These countries were followed by Sao Tome and Principe and China, which together accounted for a further 10%.

From 2012 to 2021, the biggest increases were recorded for China (with a CAGR of 0.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Congo ($X) remains the key foreign market for matches exports from Angola, comprising 64% of total exports. The second position in the ranking was taken by Qatar ($X), with a 22% share of total exports. It was followed by China, with a 7.2% share.

From 2012 to 2021, the average annual growth rate of value to Congo amounted to -2.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Qatar (0.0% per year) and China (0.0% per year).

Export Prices by Country

The average matches export price stood at $X per ton in 2021, surging by 20% against the previous year. In general, the export price showed a temperate increase. The most prominent rate of growth was recorded in 2018 an increase of 45%. Over the period under review, the average export prices reached the peak figure in 2021 and is likely to see steady growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, 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 Democratic Republic of the Congo (+7.6%).

Matches Imports

Imports into Angola

In 2021, imports of matches into Angola surged to X tons, jumping by 42% on the year before. Over the period under review, imports enjoyed temperate growth. The pace of growth appeared the most rapid in 2020 when imports increased by 74%. Imports peaked in 2021 and are likely to see steady growth in years to come.

In value terms, matches imports skyrocketed to $X in 2021. In general, total imports indicated temperate growth from 2012 to 2021: its value increased at an average annual rate of +3.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +124.2% against 2019 indices. The most prominent rate of growth was recorded in 2020 when imports increased by 59% against the previous year. Imports peaked in 2021 and are expected to retain growth in the immediate term.

Imports by Country

Indonesia (X tons), India (X tons) and Germany (X tons) were the main suppliers of matches imports to Angola, together accounting for 56% of total imports.

From 2012 to 2021, the biggest increases were recorded for India (with a CAGR of +55.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Indonesia ($X), India ($X) and Germany ($X) constituted the largest matches suppliers to Angola, with a combined 59% share of total imports.

In terms of the main suppliers, India, with a CAGR of +51.0%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average matches import price stood at $X per ton in 2021, almost unchanged from the previous year. Overall, the import price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when the average import price increased by 50% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2018; however, from 2019 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Indonesia (+0.8%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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