Angola: Market for Rigid Tubes, Pipes and Hoses, of Other Polymers 2024

Market Size for Rigid Tubes, Pipes and Hoses, of Other Polymers in Angola

In 2022, the Angolan market for rigid tubes, pipes and hoses, of other polymers was finally on the rise to reach $X after three years of decline. Over the period under review, consumption, however, showed a abrupt downturn. Over the period under review, the market attained the peak level at $X in 2014; however, from 2015 to 2022, consumption remained at a lower figure.

Exports of Rigid Tubes, Pipes and Hoses, of Other Polymers

Exports from Angola

Exports of rigid tubes, pipes and hoses, of other polymers from Angola contracted to X tons in 2022, dropping by -14.8% compared with 2021 figures. In general, exports, however, showed significant growth. The most prominent rate of growth was recorded in 2015 when exports increased by 957%. Over the period under review, the exports of attained the peak figure at X tons in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

In value terms, exports of rigid tubes, pipes and hoses, of other polymers declined to $X in 2022. Over the period under review, exports, however, saw significant growth. The pace of growth was the most pronounced in 2015 when exports increased by 624% against the previous year. Over the period under review, the exports of hit record highs at $X in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Congo (X tons) was the main destination for exports of rigid tubes, pipes and hoses, of other polymers from Angola, accounting for a 92% share of total exports. Moreover, exports of rigid tubes, pipes and hoses, of other polymers to Congo exceeded the volume sent to the second major destination, Democratic Republic of the Congo (X kg), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume to Congo stood at +40.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Democratic Republic of the Congo (+5.9% per year) and South Africa (-6.3% per year).

In value terms, Congo ($X) remains the key foreign market for rigid tubes, pipes and hoses, of other polymers exports from Angola, comprising 70% of total exports. The second position in the ranking was held by Democratic Republic of the Congo ($X), with a 4.5% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Congo amounted to +49.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Democratic Republic of the Congo (+5.2% per year) and South Africa (-16.6% per year).

Export Prices by Country

The average export price for rigid tubes, pipes and hoses, of other polymers stood at $X per ton in 2022, rising by 7.6% against the previous year. Overall, the export price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 when the average export price increased by 279% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2021 to 2022, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Democratic Republic of the Congo ($X per ton), while the average price for exports to South Africa ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Sao Tome and Principe (+2,108.5%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Rigid Tubes, Pipes and Hoses, of Other Polymers

Imports into Angola

In 2022, imports of rigid tubes, pipes and hoses, of other polymers into Angola surged to X tons, with an increase of 78% against the previous year. Over the period under review, imports, however, showed a deep slump. The most prominent rate of growth was recorded in 2017 when imports increased by 142% against the previous year. Imports peaked at X tons in 2014; however, from 2015 to 2022, imports failed to regain momentum.

In value terms, imports of rigid tubes, pipes and hoses, of other polymers soared to $X in 2022. Overall, imports, however, showed a abrupt slump. The pace of growth appeared the most rapid in 2017 with an increase of 86% against the previous year. Over the period under review, imports of reached the maximum at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X tons) constituted the largest rigid tubes, pipes and hoses, of other polymers supplier to Angola, with a 62% share of total imports. Moreover, imports of rigid tubes, pipes and hoses, of other polymers from China exceeded the figures recorded by the second-largest supplier, Portugal (X tons), threefold. The third position in this ranking was held by Spain (X tons), with a 7.6% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Portugal (-13.1% per year) and Spain (+10.2% per year).

In value terms, China ($X), Portugal ($X) and Spain ($X) appeared to be the largest rigid tubes, pipes and hoses, of other polymers suppliers to Angola, with a combined 63% share of total imports. Israel, South Africa, Poland, Namibia and India lagged somewhat behind, together accounting for a further 13%.

Poland, with a CAGR of +23.7%, 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 a decline.

Import Prices by Country

The average import price for rigid tubes, pipes and hoses, of other polymers stood at $X per ton in 2022, with a decrease of -23.6% against the previous year. Over the period under review, the import price continues to indicate a noticeable decline. The growth pace was the most rapid in 2015 an increase of 80%. Over the period under review, average import prices attained the maximum at $X per ton in 2016; however, from 2017 to 2022, import prices remained at a lower figure.

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 South Africa ($X per ton), while the price for India ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Namibia (+18.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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