Angola: Plastic Bag Market 2024

Plastic Bag Market Size in Angola

The Angolan plastic bag market rose to $X in 2022, surging by 4.2% against the previous year. In general, the total consumption indicated a slight expansion from 2012 to 2022: its value increased at an average annual rate of +1.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +11.8% against 2017 indices. Plastic bag consumption peaked in 2022 and is expected to retain growth in the near future.

Plastic Bag Production in Angola

In value terms, plastic bag production amounted to $X in 2022 estimated in export price. In general, production continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the production volume increased by 54% against the previous year. Plastic bag production peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Plastic Bag Exports

Exports from Angola

In 2022, shipments abroad of plastic sacks and bags increased by 7.6% to X tons, rising for the fourth consecutive year after two years of decline. In general, exports posted significant growth. The most prominent rate of growth was recorded in 2016 with an increase of 2,436% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to see gradual growth in the near future.

In value terms, plastic bag exports reduced dramatically to $X in 2022. Over the period under review, exports continue to indicate significant growth. The pace of growth was the most pronounced in 2015 with an increase of 928% against the previous year. The exports peaked at $X in 2021, and then declined significantly in the following year.

Exports by Country

Democratic Republic of the Congo (X tons) was the main destination for plastic bag exports from Angola, accounting for a approx. 97% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to Democratic Republic of the Congo amounted to +94.3%.

In value terms, Democratic Republic of the Congo ($X) also remains the key foreign market for plastic sacks and bags exports from Angola.

From 2012 to 2022, the average annual growth rate of value to Democratic Republic of the Congo stood at +72.5%.

Export Prices by Country

In 2022, the average plastic bag export price amounted to $X per ton, dropping by -21.4% against the previous year. In general, the export price saw a abrupt contraction. The most prominent rate of growth was recorded in 2015 when the average export price increased by 113% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for Democratic Republic of the Congo.

From 2012 to 2022, the rate of growth in terms of prices for Democratic Republic of the Congo amounted to -11.2% per year.

Plastic Bag Imports

Imports into Angola

In 2022, imports of plastic sacks and bags into Angola surged to X tons, rising by 17% on the year before. In general, total imports indicated a notable expansion from 2012 to 2022: its volume increased at an average annual rate of +3.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +47.1% against 2019 indices. The pace of growth appeared the most rapid in 2013 when imports increased by 42% against the previous year. As a result, imports reached the peak of X tons. From 2014 to 2022, the growth of imports failed to regain momentum.

In value terms, plastic bag imports contracted to $X in 2022. Overall, imports, however, recorded a pronounced slump. The most prominent rate of growth was recorded in 2021 with an increase of 37% against the previous year. Over the period under review, imports reached the maximum at $X in 2014; however, from 2015 to 2022, imports remained at a lower figure.

Imports by Country

Singapore (X tons), Malaysia (X tons) and China (X tons) were the main suppliers of plastic bag imports to Angola, together comprising 84% of total imports. India, Portugal, the United Arab Emirates, Namibia, South Africa and Thailand lagged somewhat behind, together accounting for a further 13%.

From 2012 to 2022, the biggest increases were recorded for India (with a CAGR of +28.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Singapore ($X) and India ($X) were the largest plastic bag suppliers to Angola, together comprising 65% of total imports.

Among the main suppliers, India, with a CAGR of +20.5%, 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 more modest paces of growth.

Import Prices by Country

In 2022, the average plastic bag import price amounted to $X per ton, with a decrease of -26% against the previous year. In general, the import price recorded a abrupt contraction. The growth pace was the most rapid in 2021 when the average import price increased by 22% against the previous year. Over the period under review, average import prices reached the maximum at $X per ton in 2012; however, from 2013 to 2022, 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 Portugal ($X per ton), while the price for Namibia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Africa (+1.4%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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