Angola: Plastic Reservoir Market 2024

Plastic Reservoir Market Size in Angola

In 2022, the Angolan plastic reservoir market increased by 22% to $X, rising for the second consecutive year after two years of decline. In general, consumption, however, faced a sharp setback. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Plastic Reservoir Exports

Exports from Angola

In 2022, plastic reservoir exports from Angola soared to X tons, rising by 39% against the previous year. In general, exports enjoyed a prominent expansion. The pace of growth was the most pronounced in 2018 with an increase of 197%. As a result, the exports reached the peak of X tons. From 2019 to 2022, the growth of the exports remained at a lower figure.

In value terms, plastic reservoir exports soared to $X in 2022. Overall, exports recorded a resilient increase. The growth pace was the most rapid in 2017 with an increase of 143%. Over the period under review, the exports hit record highs at $X in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X tons) was the main destination for plastic reservoir exports from Angola, with a 54% share of total exports. Moreover, plastic reservoir exports to the United States exceeded the volume sent to the second major destination, Democratic Republic of the Congo (X kg), twofold. The third position in this ranking was held by Portugal (X kg), with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States totaled +6.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Democratic Republic of the Congo (+96.1% per year) and Portugal (+82.2% per year).

In value terms, the United States ($X) remains the key foreign market for plastic reservoirs, tanks and vats exports from Angola, comprising 62% of total exports. The second position in the ranking was taken by Portugal ($X), with a 21% share of total exports. It was followed by Democratic Republic of the Congo, with an 8.4% share.

From 2012 to 2022, the average annual growth rate of value to the United States amounted to +10.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Portugal (+111.6% per year) and Democratic Republic of the Congo (+73.1% per year).

Export Prices by Country

In 2022, the average plastic reservoir export price amounted to $X per ton, increasing by 26% against the previous year. In general, the export price recorded a notable expansion. The most prominent rate of growth was recorded in 2021 when the average export price increased by 112%. The export price peaked at $X per ton in 2017; however, from 2018 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Portugal ($X per ton), while the average price for exports to South Africa ($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 (+22.2%), while the prices for the other major destinations experienced more modest paces of growth.

Plastic Reservoir Imports

Imports into Angola

In 2022, overseas purchases of plastic reservoirs, tanks and vats increased by 68% to X tons, rising for the second year in a row after two years of decline. In general, imports, however, continue to indicate a sharp slump. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, plastic reservoir imports declined to $X in 2022. Over the period under review, imports, however, continue to indicate a precipitous curtailment. The most prominent rate of growth was recorded in 2021 when imports increased by 36%. Imports peaked at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of plastic reservoir to Angola, accounting for a 61% share of total imports. Moreover, plastic reservoir imports from China exceeded the figures recorded by the second-largest supplier, Portugal (X tons), threefold. The third position in this ranking was taken by Namibia (X tons), with a 7.4% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Portugal (-31.1% per year) and Namibia (-27.3% per year).

In value terms, the largest plastic reservoir suppliers to Angola were Portugal ($X), Germany ($X) and China ($X), together accounting for 70% of total imports. Brazil, Belgium, Namibia and South Africa lagged somewhat behind, together accounting for a further 17%.

Among the main suppliers, Belgium, with a CAGR of +14.7%, recorded 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 reservoir import price amounted to $X per ton, dropping by -48.3% against the previous year. Overall, the import price saw a relatively flat trend pattern. The growth pace was the most rapid in 2014 when the average import price increased by 35%. Over the period under review, average import prices attained the maximum at $X per ton in 2017; however, from 2018 to 2022, import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+12.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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