Angola: Natural Stone Sett Market 2024

Natural Stone Sett Market Size in Angola

The Angolan natural stone sett market expanded to $X in 2022, surging by 4% against the previous year. In general, consumption continues to indicate buoyant growth. Natural stone sett consumption peaked at $X in 2017; however, from 2018 to 2022, consumption failed to regain momentum.

Natural Stone Sett Production in Angola

In value terms, natural stone sett production expanded slightly to $X in 2022 estimated in export price. In general, production showed a strong increase. The most prominent rate of growth was recorded in 2016 with an increase of 77%. Natural stone sett production peaked at $X in 2017; however, from 2018 to 2022, production remained at a lower figure.

Natural Stone Sett Exports

Exports from Angola

In 2022, approx. X tons of natural stone setts, kerbstones and flagstones were exported from Angola; jumping by 35% on the previous year. Overall, exports posted a significant increase. The pace of growth appeared the most rapid in 2020 with an increase of 962%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in years to come.

In value terms, natural stone sett exports contracted to $X in 2022. Over the period under review, exports continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2017 with an increase of 706% against the previous year. Over the period under review, the exports hit record highs at $X in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

Exports by Country

Portugal (X tons) was the main destination for natural stone sett exports from Angola, with a approx. 98% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to Portugal amounted to +67.1%.

In value terms, Portugal ($X) also remains the key foreign market for natural stone setts, kerbstones and flagstones exports from Angola.

From 2012 to 2022, the average annual growth rate of value to Portugal stood at +44.9%.

Export Prices by Country

The average natural stone sett export price stood at $X per ton in 2022, which is down by -33.8% against the previous year. Overall, the export price recorded a deep setback. The most prominent rate of growth was recorded in 2021 an increase of 25% against the previous year. The export price peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

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

From 2012 to 2022, the rate of growth in terms of prices for Portugal amounted to -13.3% per year.

Natural Stone Sett Imports

Imports into Angola

After three years of decline, purchases abroad of natural stone setts, kerbstones and flagstones increased by 80% to X tons in 2022. Over the period under review, imports, however, showed a abrupt contraction. The most prominent rate of growth was recorded in 2013 with an increase of 196% against the previous year. As a result, imports attained the peak of X tons. From 2014 to 2022, the growth of imports failed to regain momentum.

In value terms, natural stone sett imports surged to $X in 2022. Overall, imports, however, recorded a deep setback. The most prominent rate of growth was recorded in 2013 with an increase of 404%. As a result, imports attained the peak of $X. From 2014 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, Portugal (X tons) constituted the largest supplier of natural stone sett to Angola, with a 87% share of total imports. Moreover, natural stone sett imports from Portugal exceeded the figures recorded by the second-largest supplier, China (X tons), more than tenfold. The United Arab Emirates (X tons) ranked third in terms of total imports with a 3.1% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Portugal totaled -11.3%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-16.0% per year) and the United Arab Emirates (+45.1% per year).

In value terms, Portugal ($X) constituted the largest supplier of natural stone setts, kerbstones and flagstones to Angola, comprising 94% of total imports. The second position in the ranking was taken by Spain ($X), with a 2.4% share of total imports. It was followed by China, with a 2.1% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Portugal totaled -8.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (-20.9% per year) and China (-22.3% per year).

Import Prices by Country

The average natural stone sett import price stood at $X per ton in 2022, surging by 3.1% against the previous year. In general, import price indicated mild growth from 2012 to 2022: its price increased at an average annual rate of +1.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, natural stone sett import price decreased by -38.2% against 2017 indices. The most prominent rate of growth was recorded in 2013 an increase of 70%. Over the period under review, average import prices attained the maximum at $X per ton in 2017; however, from 2018 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 Spain ($X per ton), while the price for the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (+810.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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