Angola: Market for Palmitic Acid, Stearic Acid, Their Salts And Esters 2024

Market Size for Palmitic Acid, Stearic Acid, Their Salts And Esters in Angola

The Angolan market for palmitic acid, stearic acid, their salts and esters declined significantly to $X in 2021, falling by -36.4% 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 continues to indicate a abrupt decrease. Over the period under review, the market hit record highs at $X in 2013; however, from 2014 to 2021, consumption stood at a somewhat lower figure.

Exports of Palmitic Acid, Stearic Acid, Their Salts And Esters

Exports from Angola

In 2021, approx. X tons of palmitic acid, stearic acid, their salts and esters were exported from Angola; falling by -68.5% compared with the previous year. Overall, exports recorded a relatively flat trend pattern. The exports peaked at X tons in 2020, and then dropped sharply in the following year.

In value terms, exports of palmitic acid, stearic acid, their salts and esters fell dramatically to $X in 2021. Over the period under review, exports faced a abrupt slump. The exports peaked at $X in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

Exports by Country

Namibia (X tons) was the main destination for exports of palmitic acid, stearic acid, their salts and esters from Angola, accounting for a approx. 100% share of total exports.

From 2013 to 2021, the average annual growth rate of volume to Namibia was relatively modest.

In value terms, Namibia ($X) emerged as the key foreign market for palmitic acid, stearic acid, their salts and esters exports from Angola.

From 2013 to 2021, the average annual growth rate of value to Namibia was relatively modest.

Export Prices by Country

In 2021, the average export price for palmitic acid, stearic acid, their salts and esters amounted to $X per ton, surging by 36% against the previous year. In general, the export price, however, faced a deep contraction. Over the period under review, the average export prices reached the maximum at $X per ton in 2013; however, from 2014 to 2021, the export prices stood at a somewhat lower figure.

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

From 2013 to 2021, the rate of growth in terms of prices for Congo amounted to -22.6% per year.

Imports of Palmitic Acid, Stearic Acid, Their Salts And Esters

Imports into Angola

In 2021, approx. X tons of palmitic acid, stearic acid, their salts and esters were imported into Angola; with a decrease of -40.4% on 2020. In general, imports continue to indicate a deep setback. The most prominent rate of growth was recorded in 2020 when imports increased by 209% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, imports of palmitic acid, stearic acid, their salts and esters declined sharply to $X in 2021. Overall, imports continue to indicate a abrupt decline. The pace of growth appeared the most rapid in 2018 when imports increased by 222% against the previous year. Over the period under review, imports of reached the peak figure at $X in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Singapore (X tons), Indonesia (X tons) and Germany (X tons) were the main suppliers of imports of palmitic acid, stearic acid, their salts and esters to Angola, with a combined 80% share of total imports. The Netherlands, the UK, Malaysia and Belgium lagged somewhat behind, together comprising a further 19%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the UK (with a CAGR of +41.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Singapore ($X), Germany ($X) and Indonesia ($X) constituted the largest palmitic acid, stearic acid, their salts and esters suppliers to Angola, with a combined 72% share of total imports. The Netherlands, the UK, Malaysia and Belgium lagged somewhat behind, together comprising a further 25%.

The UK, with a CAGR of +29.6%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average import price for palmitic acid, stearic acid, their salts and esters stood at $X per ton in 2021, picking up by 5.1% against the previous year. Overall, import price indicated a modest expansion from 2012 to 2021: its price increased at an average annual rate of +1.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, import price for palmitic acid, stearic acid, their salts and esters decreased by -38.7% against 2018 indices. The growth pace was the most rapid in 2014 when the average import price increased by 47% against the previous year. Over the period under review, average import prices attained the maximum at $X per ton in 2015; however, from 2016 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 the Netherlands ($X per ton), while the price for Belgium ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+1.5%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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