Angola: Plastic Furniture Fittings Market 2024

Plastic Furniture Fittings Market Size in Angola

In 2021, after two years of decline, there was significant growth in the Angolan plastic furniture fittings market, when its value increased by 72% to $X. Overall, consumption, however, recorded a relatively flat trend pattern. Plastic furniture fittings consumption peaked at $X in 2014; however, from 2015 to 2021, consumption stood at a somewhat lower figure.

Plastic Furniture Fittings Exports

Exports from Angola

In 2021, shipments abroad of plastic fittings for furniture decreased by -40% to X kg, falling for the fourth consecutive year after three years of growth. Over the period under review, exports recorded a deep slump. The pace of growth was the most pronounced in 2015 when exports increased by 300%. Over the period under review, the exports attained the maximum at X kg in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

In value terms, plastic furniture fittings exports fell dramatically to $X in 2021. Overall, exports showed a precipitous setback. The growth pace was the most rapid in 2015 when exports increased by 254% against the previous year. The exports peaked at $X in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

Exports by Country

Portugal (X kg) was the main destination for plastic furniture fittings exports from Angola, with a approx. 100% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to Portugal totaled -14.3%.

In value terms, Portugal ($X) emerged as the key foreign market for plastic fittings for furniture exports from Angola, comprising 72% of total exports. The second position in the ranking was held by Austria ($X), with a 14% share of total exports. It was followed by Democratic Republic of the Congo, with a 10% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Portugal amounted to -20.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Austria (-27.1% per year) and Democratic Republic of the Congo (-89.3% per year).

Export Prices by Country

In 2021, the average plastic furniture fittings export price amounted to $X per ton, declining by -2.9% against the previous year. Over the period under review, the export price saw a noticeable shrinkage. The growth pace was the most rapid in 2014 when the average export price increased by 66%. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

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 Austria ($X per ton), while the average price for exports to Portugal ($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 Sao Tome and Principe (+36.3%), while the prices for the other major destinations experienced more modest paces of growth.

Plastic Furniture Fittings Imports

Imports into Angola

In 2021, the amount of plastic fittings for furniture imported into Angola skyrocketed to X tons, picking up by 53% against 2020. Over the period under review, imports posted a slight increase. The growth pace was the most rapid in 2018 when imports increased by 165% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2014; however, from 2015 to 2021, imports remained at a lower figure.

In value terms, plastic furniture fittings imports skyrocketed to $X in 2021. Overall, imports, however, showed a pronounced curtailment. Over the period under review, imports attained the peak figure at $X in 2014; however, from 2015 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of plastic furniture fittings to Angola, accounting for a 70% share of total imports. Moreover, plastic furniture fittings imports from China exceeded the figures recorded by the second-largest supplier, Portugal (X tons), fourfold. The third position in this ranking was held by Norway (X tons), with a 4.2% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China stood at +6.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Portugal (-3.8% per year) and Norway (+74.3% per year).

In value terms, Portugal ($X), China ($X) and Norway ($X) constituted the largest plastic furniture fittings suppliers to Angola, with a combined 59% share of total imports.

Among the main suppliers, Norway, with a CAGR of +62.7%, 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 a decline.

Import Prices by Country

In 2021, the average plastic furniture fittings import price amounted to $X per ton, rising by 24% against the previous year. Overall, the import price, however, recorded a pronounced decrease. The most prominent rate of growth was recorded in 2016 an increase of 49% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2017; however, from 2018 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Brazil ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Brazil (+11.6%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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