Angola: Market for Natural Rubber And Gums 2025

Market Size for Natural Rubber And Gums in Angola

In 2022, after five years of growth, there was significant decline in the Angolan natural rubber and gum market, when its value decreased by -20.4% to $X. Overall, consumption, however, saw perceptible growth. Natural rubber and gum consumption peaked at $X in 2013; however, from 2014 to 2022, consumption failed to regain momentum.

Exports of Natural Rubber And Gums

Exports from Angola

For the third consecutive year, Angola recorded decline in overseas shipments of natural rubber and gums, which decreased by 0% to X kg in 2021. Over the period under review, exports faced a sharp decline. The smallest decline of -43.2% was in 2019. The exports peaked at X kg in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

In value terms, natural rubber and gum exports stood at $X in 2021. In general, exports enjoyed significant growth. The most prominent rate of growth was recorded in 2019 when exports increased by 67%. Over the period under review, the exports hit record highs in 2021 and are likely to see gradual growth in years to come.

Exports by Country

Namibia (X kg) was the main destination for natural rubber and gum exports from Angola, with a approx. 100% share of total exports.

From 2018 to 2021, the average annual growth rate of volume to Namibia was relatively modest.

From 2018 to 2021, the average annual growth rate of value to Namibia was relatively modest.

Export Prices by Country

In 2021, the average natural rubber and gum export price amounted to $X per ton, standing approx. at the previous year. Over the period under review, the export price showed a significant expansion. The most prominent rate of growth was recorded in 2019 when the average export price increased by 195% against the previous year. The export price peaked in 2021 and is likely to see gradual growth in the immediate term.

As there is only one major export destination, the average price level is determined by prices for Namibia.

From 2018 to 2021, the rate of growth in terms of prices for Cuba amounted to 0.0% per year.

Imports of Natural Rubber And Gums

Imports into Angola

In 2022, supplies from abroad of natural rubber and gums decreased by -21.6% to X tons for the first time since 2016, thus ending a five-year rising trend. Over the period under review, imports, however, continue to indicate a prominent increase. The pace of growth appeared the most rapid in 2020 with an increase of 380%. Imports peaked at X tons in 2021, and then shrank notably in the following year.

In value terms, natural rubber and gum imports dropped significantly to $X in 2022. Overall, imports, however, continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 with an increase of 179%. Over the period under review, imports attained the maximum at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Thailand (X tons) constituted the largest supplier of natural rubber and gum to Angola, with a 84% share of total imports. Moreover, natural rubber and gum imports from Thailand exceeded the figures recorded by the second-largest supplier, India (X tons), more than tenfold. The third position in this ranking was held by Namibia (X tons), with a 3.8% share.

From 2012 to 2022, the average annual growth rate of volume from Thailand stood at +22.0%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+29.0% per year) and Namibia (+49.0% per year).

In value terms, Thailand ($X) constituted the largest supplier of natural rubber and gums to Angola, comprising 69% of total imports. The second position in the ranking was held by India ($X), with a 17% share of total imports. It was followed by Namibia, with a 4% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Thailand amounted to +11.1%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+63.9% per year) and Namibia (+38.6% per year).

Import Prices by Country

The average natural rubber and gum import price stood at $X per ton in 2022, with an increase of 3.4% against the previous year. In general, the import price, however, continues to indicate a deep setback. The most prominent rate of growth was recorded in 2018 an increase of 42%. The import price peaked at $X per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the Netherlands ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+27.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :