Angola: Market for Polyethylene with a Specific Gravity of Less than 0.94, in Primary Forms 2024

Market Size for Polyethylene with a Specific Gravity of Less than 0.94, in Primary Forms in Angola

The Angolan market for polyethylene with a specific gravity of less than X, in primary forms rose to $X in 2021, picking up by 2.8% against the previous year. Overall, consumption continues to indicate a relatively flat trend pattern. Over the period under review, the market hit record highs in 2021 and is expected to retain growth in the near future.

Production of Polyethylene with a Specific Gravity of Less than X, in Primary Forms in Angola

In value terms, production of polyethylene with a specific gravity of less than X, in primary forms expanded slightly to $X in 2021 estimated in export price. Over the period under review, production saw a relatively flat trend pattern. The growth pace was the most rapid in 2017 when the production volume increased by 35% against the previous year. Production of peaked at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Exports of Polyethylene with a Specific Gravity of Less than 0.94, in Primary Forms

Exports from Angola

In 2021, approx. X tons of polyethylene with a specific gravity of less than X, in primary forms were exported from Angola; with a decrease of -68.9% on the previous year's figure. Overall, exports recorded a precipitous contraction. The most prominent rate of growth was recorded in 2017 when exports increased by 552% against the previous year. Over the period under review, the exports of attained the maximum at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, exports of polyethylene with a specific gravity of less than X, in primary forms fell to $X in 2021. In general, exports showed a precipitous curtailment. The most prominent rate of growth was recorded in 2017 when exports increased by 810%. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Namibia (X tons), Nigeria (X tons) and Ethiopia (X kg) were the main destinations of exports of polyethylene with a specific gravity of less than X, in primary forms from Angola, with a combined 91% share of total exports. These countries were followed by Portugal and Cuba, which together accounted for a further 7.9%.

From 2012 to 2021, the biggest increases were recorded for Cuba (with a CAGR of +13.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for polyethylene with a specific gravity of less than X exported from Angola were Namibia ($X), Nigeria ($X) and Cuba ($X), together comprising 96% of total exports.

Cuba, with a CAGR of +234.0%, recorded the highest rates of growth with regard to the value of exports, in terms of 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

In 2021, the average export price for polyethylene with a specific gravity of less than X, in primary forms amounted to $X per ton, growing by 182% against the previous year. Over the period under review, the export price, however, continues to indicate a slight contraction. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Cuba ($X per ton), while the average price for exports to Portugal ($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 Cuba (+193.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Polyethylene with a Specific Gravity of Less than 0.94, in Primary Forms

Imports into Angola

Imports of polyethylene with a specific gravity of less than X, in primary forms into Angola soared to X tons in 2021, picking up by 30% against the previous year's figure. Overall, imports posted a strong expansion. The most prominent rate of growth was recorded in 2017 when imports increased by 86% against the previous year. Over the period under review, imports of reached the peak figure in 2021 and are expected to retain growth in the immediate term.

In value terms, imports of polyethylene with a specific gravity of less than X, in primary forms soared to $X in 2021. In general, imports continue to indicate a tangible increase. The pace of growth appeared the most rapid in 2017 when imports increased by 126%. Imports peaked in 2021 and are likely to continue growth in years to come.

Imports by Country

Saudi Arabia (X tons), China (X tons) and Qatar (X tons) were the main suppliers of imports of polyethylene with a specific gravity of less than X, in primary forms to Angola, together accounting for 42% of total imports. These countries were followed by Namibia, Belgium, Kuwait, Thailand, Tunisia, Portugal, South Korea, Democratic People's Republic of Korea, the United Arab Emirates and Nigeria, which together accounted for a further 45%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Namibia (with a CAGR of +63.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest polyethylene with a specific gravity of less than X suppliers to Angola were Saudi Arabia ($X), Qatar ($X) and Namibia ($X), with a combined 42% share of total imports.

Namibia, with a CAGR of +64.6%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average import price for polyethylene with a specific gravity of less than X, in primary forms stood at $X per ton in 2021, with an increase of 11% against the previous year. Overall, the import price, however, saw a perceptible downturn. The pace of growth was the most pronounced in 2017 an increase of 21%. Over the period under review, average import prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Kuwait (+10.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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