Angola: Market for Plastic Hoses and Hose Fittings 2024

Market Size for Plastic Hoses and Hose Fittings in Angola

In 2021, the Angolan market for plastic hoses and hose fittings increased by 60% to $X, rising for the fourth year in a row after three years of decline. Overall, consumption, however, continues to indicate a perceptible slump. Plastic hose and hose fitting consumption peaked at $X in 2014; however, from 2015 to 2021, consumption failed to regain momentum.

Exports of Plastic Hoses and Hose Fittings

Exports from Angola

In 2021, overseas shipments of plastic hoses and hose fittings were finally on the rise to reach X tons after two years of decline. Over the period under review, exports continue to indicate a significant increase. The pace of growth appeared the most rapid in 2015 with an increase of 4,812%. The exports peaked at X tons in 2016; however, from 2017 to 2021, the exports remained at a lower figure.

In value terms, plastic hose and hose fitting exports skyrocketed to $X in 2021. Overall, exports continue to indicate significant growth. The pace of growth appeared the most rapid in 2015 with an increase of 3,781%. Over the period under review, the exports attained the peak figure at $X in 2016; however, from 2017 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Namibia (X tons), Mozambique (X tons) and Democratic Republic of the Congo (X tons) were the main destinations of plastic hose and hose fitting exports from Angola, together accounting for 58% of total exports.

From 2012 to 2021, the biggest increases were recorded for Mozambique (with a CAGR of +226.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Democratic Republic of the Congo ($X), the UK ($X) and Namibia ($X) constituted the largest markets for plastic hose and hose fitting exported from Angola worldwide, with a combined 78% share of total exports. These countries were followed by the Netherlands, South Africa, Portugal, Mozambique, Belgium, Sao Tome and Principe, Cote d'Ivoire, Nigeria and Romania, which together accounted for a further 18%.

Cote d'Ivoire, with a CAGR of +92.4%, saw the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average export price for plastic hoses and hose fittings stood at $X per ton in 2021, falling by -6.8% against the previous year. Over the period under review, the export price showed a abrupt slump. The pace of growth appeared the most rapid in 2017 an increase of 234% against the previous year. Over the period under review, the average export prices attained the maximum at $X per ton in 2013; however, from 2014 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was the UK ($X per ton), while the average price for exports to Romania ($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 Democratic Republic of the Congo (+17.5%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Plastic Hoses and Hose Fittings

Imports into Angola

In 2021, supplies from abroad of plastic hoses and hose fittings increased by 42% to X tons, rising for the fourth consecutive year after three years of decline. Overall, imports, however, continue to indicate a noticeable decline. The growth pace was the most rapid in 2014 when imports increased by 52%. As a result, imports attained the peak of X tons. From 2015 to 2021, the growth of imports failed to regain momentum.

In value terms, plastic hose and hose fitting imports skyrocketed to $X in 2021. Over the period under review, imports, however, showed a deep setback. Over the period under review, imports attained the maximum 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 plastic hose and hose fitting supplier to Angola, accounting for a 44% share of total imports. Moreover, plastic hose and hose fitting imports from China exceeded the figures recorded by the second-largest supplier, Portugal (X tons), fourfold. The third position in this ranking was taken by South Africa (X tons), with a 2% share.

From 2012 to 2021, the average annual growth rate of volume from China totaled -2.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Portugal (-16.2% per year) and South Africa (-21.6% per year).

In value terms, the largest plastic hose and hose fitting suppliers to Angola were China ($X), Portugal ($X) and the UK ($X), with a combined 46% share of total imports.

Among the main suppliers, the UK, with a CAGR of +1.0%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2021, the average import price for plastic hoses and hose fittings amounted to $X per ton, picking up by 18% against the previous year. Overall, the import price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2015 an increase of 28% against the previous year. The import price peaked at $X per ton in 2016; however, from 2017 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Africa (+4.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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