Angola: Narrow Woven Fabric Market 2024

Narrow Woven Fabric Market Size in Angola

The Angolan narrow woven fabric market soared to $X in 2021, with an increase of 82% 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 showed a tangible expansion. 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.

Narrow Woven Fabric Exports

Exports from Angola

In 2021, approx. X kg of narrow woven fabrics were exported from Angola; declining by -81.9% against 2020. In general, exports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of 378% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2020, and then contracted significantly in the following year.

In value terms, narrow woven fabric exports soared to $X in 2021. Overall, exports, however, enjoyed temperate growth. The most prominent rate of growth was recorded in 2019 when exports increased by 117%. The exports peaked in 2021 and are likely to continue growth in the near future.

Exports by Country

Brazil (X kg), Democratic Republic of the Congo (X kg) and the United Arab Emirates (X kg) were the main destinations of narrow woven fabric exports from Angola, with a combined 80% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Brazil (with a CAGR of +10.1%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for narrow woven fabric exported from Angola were Brazil ($X), the United Arab Emirates ($X) and Qatar ($X), with a combined 75% share of total exports.

Among the main countries of destination, Brazil, with a CAGR of +35.3%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average narrow woven fabric export price stood at $X per ton in 2021, rising by 554% against the previous year. In general, the export price continues to indicate noticeable growth. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Qatar ($X per ton), while the average price for exports to Sao Tome and Principe ($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 (+30.7%), while the prices for the other major destinations experienced more modest paces of growth.

Narrow Woven Fabric Imports

Imports into Angola

For the third year in a row, Angola recorded growth in purchases abroad of narrow woven fabrics, which increased by 103% to X tons in 2021. In general, imports posted buoyant growth. Over the period under review, imports reached the maximum at X tons in 2013; however, from 2014 to 2021, imports remained at a lower figure.

In value terms, narrow woven fabric imports surged to $X in 2021. Over the period under review, imports, however, showed a slight decrease. The growth pace was the most rapid in 2017 when imports increased by 228%. Over the period under review, imports reached the maximum at $X in 2013; however, from 2014 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of narrow woven fabric to Angola, with a 81% share of total imports. Moreover, narrow woven fabric imports from China exceeded the figures recorded by the second-largest supplier, Portugal (X tons), more than tenfold. The United Arab Emirates (X tons) ranked third in terms of total imports with a 4% share.

From 2012 to 2021, the average annual growth rate of volume from China stood at +12.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Portugal (-12.3% per year) and the United Arab Emirates (-3.1% per year).

In value terms, China ($X) constituted the largest supplier of narrow woven fabrics to Angola, comprising 58% of total imports. The second position in the ranking was taken by Portugal ($X), with a 13% share of total imports. It was followed by Turkey, with a 7.5% share.

From 2012 to 2021, the average annual growth rate of value from China stood at +13.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Portugal (-15.9% per year) and Turkey (+15.9% per year).

Import Prices by Country

The average narrow woven fabric import price stood at $X per ton in 2021, falling by -25.6% against the previous year. In general, the import price showed a abrupt decline. The most prominent rate of growth was recorded in 2017 when the average import price increased by 97%. As a result, import price attained the peak level of $X per ton. From 2018 to 2021, 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 Portugal ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Turkey (+11.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :