Angola: Plastic Box Market 2024

Plastic Box Market Size in Angola

The Angolan plastic box market shrank to $X in 2022, dropping by -3.5% 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, however, recorded a abrupt shrinkage. Over the period under review, the market attained the maximum level at $X in 2014; however, from 2015 to 2022, consumption stood at a somewhat lower figure.

Plastic Box Exports

Exports from Angola

In 2022, shipments abroad of plastic boxes, cases, crates and similar packing articles was finally on the rise to reach X tons for the first time since 2019, thus ending a two-year declining trend. In general, exports showed notable growth. The pace of growth appeared the most rapid in 2013 with an increase of 1,374%. Over the period under review, the exports reached the maximum at X tons in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

In value terms, plastic box exports soared to $X in 2022. Overall, exports continue to indicate a prominent increase. The growth pace was the most rapid in 2013 when exports increased by 1,438%. Over the period under review, the exports reached the peak figure at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Mozambique (X tons) was the main destination for plastic box exports from Angola, accounting for a 74% share of total exports. Moreover, plastic box exports to Mozambique exceeded the volume sent to the second major destination, South Africa (X kg), more than tenfold. The third position in this ranking was held by Namibia (X kg), with a 5% share.

From 2012 to 2022, the average annual growth rate of volume to Mozambique totaled +34.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Africa (+45.5% per year) and Namibia (+8.1% per year).

In value terms, Mozambique ($X) remains the key foreign market for plastic boxes, cases, crates and similar packing articles exports from Angola, comprising 66% of total exports. The second position in the ranking was held by Namibia ($X), with a 13% share of total exports. It was followed by Democratic Republic of the Congo, with a 3.1% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Mozambique totaled +42.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Namibia (+45.4% per year) and Democratic Republic of the Congo (-19.9% per year).

Export Prices by Country

In 2022, the average plastic box export price amounted to $X per ton, with a decrease of -11.5% against the previous year. Over the period under review, the export price, however, enjoyed a resilient increase. The pace of growth was the most pronounced in 2017 an increase of 49%. Over the period under review, the average export prices hit record highs at $X per ton in 2021, and then reduced in the following year.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Namibia ($X per ton), while the average price for exports to Brazil ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Namibia (+34.5%), while the prices for the other major destinations experienced more modest paces of growth.

Plastic Box Imports

Imports into Angola

After four years of decline, supplies from abroad of plastic boxes, cases, crates and similar packing articles increased by 24% to X tons in 2022. Over the period under review, imports, however, showed a abrupt shrinkage. The most prominent rate of growth was recorded in 2014 when imports increased by 69% against the previous year. Over the period under review, imports reached the maximum at X tons in 2015; however, from 2016 to 2022, imports remained at a lower figure.

In value terms, plastic box imports declined remarkably to $X in 2022. Overall, imports, however, recorded a abrupt shrinkage. The pace of growth appeared the most rapid in 2021 when imports increased by 77%. Imports peaked at $X in 2013; however, from 2014 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X tons) constituted the largest plastic box supplier to Angola, with a 85% share of total imports. Moreover, plastic box imports from China exceeded the figures recorded by the second-largest supplier, Malaysia (X tons), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to +5.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (-1.1% per year) and Portugal (-28.7% per year).

In value terms, China ($X), Portugal ($X) and Malaysia ($X) were the largest plastic box suppliers to Angola, together accounting for 81% of total imports.

Among the main suppliers, Malaysia, with a CAGR of +22.5%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2022, the average plastic box import price amounted to $X per ton, dropping by -37.2% against the previous year. Over the period under review, the import price showed a pronounced decrease. The most prominent rate of growth was recorded in 2021 when the average import price increased by 97%. As a result, import price reached the peak level of $X per ton, and then shrank notably in the following year.

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 Portugal ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+23.8%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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