Angola: Market for Reaction Initiators, Reaction Accelerators And Catalytic Preparations 2024

Market Size for Reaction Initiators, Reaction Accelerators And Catalytic Preparations in Angola

The Angolan reaction initiators and accelerators market expanded significantly to $X in 2022, surging by 8.2% against the previous year. Over the period under review, consumption continues to indicate strong growth. As a result, consumption attained the peak level of $X. From 2021 to 2022, the growth of the market remained at a lower figure.

Production of Reaction Initiators, Reaction Accelerators And Catalytic Preparations in Angola

In value terms, reaction initiators and accelerators production rose significantly to $X in 2022 estimated in export price. In general, production posted a strong expansion. The growth pace was the most rapid in 2020 when the production volume increased by 54% against the previous year. As a result, production attained the peak level of $X. From 2021 to 2022, production growth failed to regain momentum.

Exports of Reaction Initiators, Reaction Accelerators And Catalytic Preparations

Exports from Angola

In 2021, approx. X kg of reaction initiators, reaction accelerators and catalytic preparations were exported from Angola; picking up by 1,900% against the previous year's figure. Over the period under review, exports posted a significant increase. The growth pace was the most rapid in 2019 with an increase of 8,500% against the previous year. The exports peaked in 2021 and are likely to see steady growth in years to come.

In value terms, reaction initiators and accelerators exports surged to $X in 2021. Overall, exports enjoyed a significant expansion. The pace of growth was the most pronounced in 2019 when exports increased by 2,273% against the previous year. Over the period under review, the exports reached the maximum in 2021 and are likely to see gradual growth in the immediate term.

Exports by Country

Germany (X kg) was the main destination for reaction initiators and accelerators exports from Angola, with a approx. 99% share of total exports.

From 2015 to 2021, the average annual growth rate of volume to Germany was relatively modest.

From 2015 to 2021, the average annual rate of growth in terms of value to Germany was relatively modest.

Export Prices by Country

In 2021, the average reaction initiators and accelerators export price amounted to $X per ton, which is down by -40.5% against the previous year. In general, the export price saw a dramatic descent. The most prominent rate of growth was recorded in 2018 when the average export price increased by 115%. The export price peaked at $X per ton in 2015; however, from 2016 to 2021, the export prices remained at a lower figure.

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

From 2015 to 2021, the rate of growth in terms of prices for Congo amounted to +15.9% per year.

Imports of Reaction Initiators, Reaction Accelerators And Catalytic Preparations

Imports into Angola

In 2022, supplies from abroad of reaction initiators, reaction accelerators and catalytic preparations decreased by -67.9% to X tons, falling for the second consecutive year after two years of growth. Overall, imports faced a deep slump. The pace of growth was the most pronounced in 2019 with an increase of 711% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, reaction initiators and accelerators imports fell sharply to $X in 2022. Over the period under review, imports faced a deep reduction. The pace of growth appeared the most rapid in 2019 with an increase of 450%. Over the period under review, imports hit record highs at $X in 2016; however, from 2017 to 2022, imports remained at a lower figure.

Imports by Country

India (X tons), Portugal (X tons) and the UK (X tons) were the main suppliers of reaction initiators and accelerators imports to Angola, with a combined 90% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by India (with a CAGR of +57.9%), while imports for the other leaders experienced mixed trend patterns.

In value terms, the UK ($X) constituted the largest supplier of reaction initiators, reaction accelerators and catalytic preparations to Angola, comprising 50% of total imports. The second position in the ranking was taken by Portugal ($X), with a 17% share of total imports. It was followed by India, with a 13% share.

From 2012 to 2022, the average annual growth rate of value from the UK totaled +6.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Portugal (-25.9% per year) and India (+48.9% per year).

Import Prices by Country

The average reaction initiators and accelerators import price stood at $X per ton in 2022, reducing by -29.1% against the previous year. Overall, the import price recorded a mild decline. The most prominent rate of growth was recorded in 2016 when the average import price increased by 231% against the previous year. As a result, import price attained the peak level of $X per ton. From 2017 to 2022, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, 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 2022, the most notable rate of growth in terms of prices was attained by Portugal (-2.4%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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