Angola: Market for Polyester Tow And Staple, Not Carded, Combed Or Otherwise Processed For Spinning 2025

Market Size for Polyester Tow And Staple, Not Carded, Combed Or Otherwise Processed For Spinning in Angola

The Angolan market for polyester tow and staple, not carded, combed or otherwise processed for spinning declined to $X in 2022, with a decrease of -5.1% against the previous year. Over the period under review, consumption, however, continues to indicate a resilient increase. Over the period under review, the market reached the maximum level at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Production of Polyester Tow And Staple, Not Carded, Combed Or Otherwise Processed For Spinning in Angola

In value terms, production of polyester tow and staple, not carded, combed or otherwise processed for spinning declined to $X in 2022 estimated in export price. Overall, production, however, continues to indicate a resilient expansion. The most prominent rate of growth was recorded in 2018 when the production volume increased by 66%. Production of peaked at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Exports of Polyester Tow And Staple, Not Carded, Combed Or Otherwise Processed For Spinning

Exports from Angola

In 2020, exports of polyester tow and staple, not carded, combed or otherwise processed for spinning from Angola reduced remarkably to X tons, shrinking by -39.7% compared with the previous year. In general, exports faced a dramatic slump. The exports peaked at X tons in 2012; however, from 2013 to 2020, the exports remained at a lower figure.

In value terms, exports of polyester tow and staple, not carded, combed or otherwise processed for spinning dropped markedly to $X in 2020. Overall, exports recorded a sharp decrease. Over the period under review, the exports of attained the maximum at $X in 2012; however, from 2013 to 2020, the exports remained at a lower figure.

Exports by Country

Senegal (X tons) was the main destination for exports of polyester tow and staple, not carded, combed or otherwise processed for spinning from Angola, accounting for a approx. 100% share of total exports.

From 2012 to 2020, the average annual rate of growth in terms of volume to Senegal was relatively modest.

In value terms, Senegal ($X) emerged as the key foreign market for polyester tow and staple, not carded, combed or otherwise processed for spinning exports from Angola.

From 2012 to 2020, the average annual rate of growth in terms of value to Senegal was relatively modest.

Export Prices by Country

The average export price for polyester tow and staple, not carded, combed or otherwise processed for spinning stood at $X per ton in 2020, declining by -59.3% against the previous year. In general, the export price recorded a abrupt shrinkage. The export price peaked at $X per ton in 2019, and then contracted remarkably in the following year.

As there is only one major export destination, the average price level is determined by prices for Senegal.

From 2012 to 2020, the rate of growth in terms of prices for Vietnam amounted to 0.0% per year.

Imports of Polyester Tow And Staple, Not Carded, Combed Or Otherwise Processed For Spinning

Imports into Angola

Imports of polyester tow and staple, not carded, combed or otherwise processed for spinning into Angola soared to X tons in 2022, rising by 742% against the previous year's figure. In general, imports saw significant growth. The most prominent rate of growth was recorded in 2014 with an increase of 5,544%. As a result, imports attained the peak of X tons. From 2015 to 2022, the growth of imports of failed to regain momentum.

In value terms, imports of polyester tow and staple, not carded, combed or otherwise processed for spinning skyrocketed to $X in 2022. Overall, imports saw a significant expansion. The pace of growth appeared the most rapid in 2014 with an increase of 1,905% against the previous year. As a result, imports reached the peak of $X. From 2015 to 2022, the growth of imports of remained at a lower figure.

Imports by Country

In 2022, South Korea (X tons) constituted the largest polyester tow and staple, not carded, combed or otherwise processed for spinning supplier to Angola, with a 74% share of total imports. Moreover, imports of polyester tow and staple, not carded, combed or otherwise processed for spinning from South Korea exceeded the figures recorded by the second-largest supplier, China (X tons), sixfold.

From 2012 to 2022, the average annual growth rate of volume from South Korea totaled +74.0%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+56.0% per year) and South Africa (+83.5% per year).

In value terms, South Korea ($X) constituted the largest supplier of polyester tow and staple, not carded, combed or otherwise processed for spinning to Angola, comprising 75% of total imports. The second position in the ranking was taken by China ($X), with a 14% share of total imports.

From 2012 to 2022, the average annual growth rate of value from South Korea stood at +59.5%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+48.2% per year) and South Africa (+64.5% per year).

Import Prices by Country

The average import price for polyester tow and staple, not carded, combed or otherwise processed for spinning stood at $X per ton in 2022, declining by -40.3% against the previous year. Over the period under review, the import price continues to indicate a deep contraction. The pace of growth was the most pronounced in 2015 when the average import price increased by 98%. Over the period under review, average import prices hit record highs at $X per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (-5.0%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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