Angola: Market for Ribbed Or Other Deformed Wire Rod Of Non-Alloy Steel 2025

Market Size for Ribbed Or Other Deformed Wire Rod Of Non-Alloy Steel in Angola

In 2021, the Angolan market for ribbed or other deformed wire rod of non-alloy steel increased by 80% to $X for the first time since 2015, thus ending a five-year declining trend. Over the period under review, consumption, however, showed a dramatic descent. Deformed non-alloy steel wire rod consumption peaked at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Exports of Ribbed Or Other Deformed Wire Rod Of Non-Alloy Steel

Exports from Angola

In 2020, the amount of ribbed or other deformed wire rod of non-alloy steel exported from Angola totaled X tons, almost unchanged from 2019 figures. Over the period under review, exports showed a abrupt descent. The smallest decline of 99.9% was in 2017. The exports peaked at X tons in 2016; however, from 2017 to 2020, the exports remained at a lower figure.

In value terms, deformed non-alloy steel wire rod exports stood at $X in 2020. Overall, exports continue to indicate a drastic downturn. The smallest decline of 99.9% was in 2017. Over the period under review, the exports reached the maximum at $X in 2016; however, from 2017 to 2020, the exports remained at a lower figure.

Exports by Country

Mauritania (X tons) was the main destination for deformed non-alloy steel wire rod exports from Angola, accounting for a approx. 100% share of total exports.

From 2016 to 2020, the average annual rate of growth in terms of volume to Mauritania amounted to -18.9%.

From 2016 to 2020, the average annual rate of growth in terms of value to Mauritania totaled -15.2%.

Export Prices by Country

In 2020, the average export price for ribbed or other deformed wire rod of non-alloy steel amounted to $X per ton, remaining stable against the previous year. Overall, the export price recorded a tangible increase. The pace of growth appeared the most rapid in 2017 when the average export price decreased by 99.9% against the previous year. Over the period under review, the average export prices hit record highs in 2020 and is expected to retain growth in the immediate term.

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

From 2016 to 2020, the rate of growth in terms of prices for Mauritania amounted to +4.6% per year.

Imports of Ribbed Or Other Deformed Wire Rod Of Non-Alloy Steel

Imports into Angola

In 2021, imports of ribbed or other deformed wire rod of non-alloy steel into Angola contracted rapidly to X tons, waning by -75.7% compared with the previous year's figure. Overall, imports saw a dramatic downturn. The pace of growth appeared the most rapid in 2020 when imports increased by 151%. Over the period under review, imports attained the peak figure at X tons in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, deformed non-alloy steel wire rod imports dropped rapidly to $X in 2021. Over the period under review, imports saw a sharp contraction. The pace of growth was the most pronounced in 2020 when imports increased by 282% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

Spain (X tons), Brazil (X tons) and China (X tons) were the main suppliers of deformed non-alloy steel wire rod imports to Angola, with a combined 89% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Spain (with a CAGR of -8.5%), while imports for the other leaders experienced a decline.

In value terms, Brazil ($X), Spain ($X) and China ($X) appeared to be the largest deformed non-alloy steel wire rod suppliers to Angola, together comprising 77% of total imports.

Among the main suppliers, Spain, with a CAGR of -16.3%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

The average import price for ribbed or other deformed wire rod of non-alloy steel stood at $X per ton in 2021, increasing by 20% against the previous year. Over the period under review, import price indicated noticeable growth from 2012 to 2021: its price increased at an average annual rate of +4.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, deformed non-alloy steel wire rod import price increased by +89.9% against 2018 indices. The most prominent rate of growth was recorded in 2020 an increase of 52% against the previous year. Over the period under review, average import prices hit record highs in 2021 and is expected to retain growth in years to come.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Africa (+19.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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