Angola: Market for Plastic Fittings for Tubes, Pipes and Hoses 2024

Market Size for Plastic Fittings for Tubes, Pipes and Hoses in Angola

The Angolan market for plastic fittings for tubes, pipes and hoses was finally on the rise to reach $X in 2021, after three years of decline. In general, consumption, however, recorded a abrupt slump. Over the period under review, the market attained the maximum level at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Exports of Plastic Fittings for Tubes, Pipes and Hoses

Exports from Angola

In 2021, overseas shipments of plastic fittings for tubes, pipes and hoses decreased by -96.8% to X kg for the first time since 2016, thus ending a four-year rising trend. Overall, exports, however, continue to indicate a buoyant expansion. The growth pace was the most rapid in 2017 when exports increased by 1,007% against the previous year. Over the period under review, the exports of hit record highs at X tons in 2020, and then reduced markedly in the following year.

In value terms, exports of plastic fittings for tubes, pipes and hoses fell rapidly to $X in 2021. Over the period under review, exports, however, showed a significant expansion. The most prominent rate of growth was recorded in 2013 with an increase of 597%. Over the period under review, the exports of reached the maximum at $X in 2020, and then reduced markedly in the following year.

Exports by Country

The Netherlands (X kg), Sao Tome and Principe (X kg) and the UK (X kg) were the main destinations of exports of plastic fittings for tubes, pipes and hoses from Angola, with a combined 73% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the Netherlands (with a CAGR of +69.5%), while the other leaders experienced more modest paces of growth.

In value terms, Nigeria ($X) emerged as the key foreign market for plastic fittings for tubes, pipes and hoses exports from Angola, comprising 86% of total exports. The second position in the ranking was taken by the UK ($X), with a 4.3% share of total exports. It was followed by Namibia, with a 3.6% share.

From 2012 to 2021, the average annual growth rate of value to Nigeria amounted to +82.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+4.4% per year) and Namibia (+35.2% per year).

Export Prices by Country

The average export price for plastic fittings for tubes, pipes and hoses stood at $X per ton in 2021, jumping by 782% against the previous year. In general, the export price posted a resilient increase. The export price peaked at $X per ton in 2015; however, from 2016 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was Nigeria ($X per ton), while the average price for exports to Sao Tome and Principe ($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 Nigeria (+62.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Plastic Fittings for Tubes, Pipes and Hoses

Imports into Angola

In 2021, supplies from abroad of plastic fittings for tubes, pipes and hoses increased by 61% to X tons for the first time since 2012, thus ending a eight-year declining trend. Over the period under review, imports, however, saw a abrupt setback. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, imports of plastic fittings for tubes, pipes and hoses skyrocketed to $X in 2021. In general, imports, however, continue to indicate a abrupt shrinkage. Imports peaked at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Portugal (X tons) constituted the largest plastic fittings for tubes, pipes and hoses supplier to Angola, with a 45% share of total imports. Moreover, imports of plastic fittings for tubes, pipes and hoses from Portugal exceeded the figures recorded by the second-largest supplier, China (X tons), fivefold. South Africa (X tons) ranked third in terms of total imports with a 2.5% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Portugal amounted to -12.1%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-29.5% per year) and South Africa (-3.7% per year).

In value terms, Portugal ($X) constituted the largest supplier of plastic fittings for tubes, pipes and hoses to Angola, comprising 25% of total imports. The second position in the ranking was taken by Malaysia ($X), with a 13% share of total imports. It was followed by China, with a 2.8% share.

From 2012 to 2021, the average annual growth rate of value from Portugal totaled -17.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (+38.2% per year) and China (-26.8% per year).

Import Prices by Country

In 2021, the average import price for plastic fittings for tubes, pipes and hoses amounted to $X per ton, surging by 23% against the previous year. Over the period under review, import price indicated a resilient expansion from 2012 to 2021: its price increased at an average annual rate of +5.6% 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 plastic fittings for tubes, pipes and hoses increased by +57.5% against 2019 indices. The pace of growth was the most pronounced in 2015 an increase of 50% against the previous year. Over the period under review, average import prices hit record highs in 2021 and is likely to see gradual growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Malaysia ($X per ton), while the price for Lebanon ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Malaysia (+7.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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