Angola: Non-Reinforced Rubber Tubing Market 2024

Non-Reinforced Rubber Tubing Market Size in Angola

After two years of growth, the Angolan non-reinforced rubber tubing market decreased by -0.6% to $X in 2021. Over the period under review, consumption recorded a abrupt curtailment. Over the period under review, the market attained the maximum level at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Non-Reinforced Rubber Tubing Exports

Exports from Angola

In 2021, after two years of growth, there was significant decline in shipments abroad of rubber tubing not reinforced, when their volume decreased by -33.5% to X tons. Over the period under review, exports, however, enjoyed resilient growth. The most prominent rate of growth was recorded in 2016 with an increase of 268%. The exports peaked at X tons in 2020, and then dropped sharply in the following year.

In value terms, non-reinforced rubber tubing exports contracted significantly to $X in 2021. In general, exports continue to indicate a pronounced decrease. The pace of growth was the most pronounced in 2016 when exports increased by 584% against the previous year. As a result, the exports attained the peak of $X. From 2017 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Portugal (X tons) was the main destination for non-reinforced rubber tubing exports from Angola, accounting for a 62% share of total exports. Moreover, non-reinforced rubber tubing exports to Portugal exceeded the volume sent to the second major destination, the United States (X tons), twofold. Norway (X kg) ranked third in terms of total exports with a 6.5% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Portugal amounted to +49.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+5.3% per year) and Norway (-1.0% per year).

In value terms, Portugal ($X), Norway ($X) and the United States ($X) appeared to be the largest markets for non-reinforced rubber tubing exported from Angola worldwide, together accounting for 96% of total exports.

Portugal, with a CAGR of +37.2%, saw the highest growth rate of 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 non-reinforced rubber tubing export price amounted to $X per ton, growing by 12% against the previous year. In general, the export price, however, saw a abrupt decline. The pace of growth appeared the most rapid in 2016 an increase of 86% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2017 to 2021, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Norway ($X per ton), while the average price for exports to Mozambique ($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 Norway (+34.1%), while the prices for the other major destinations experienced a decline.

Non-Reinforced Rubber Tubing Imports

Imports into Angola

In 2021, after four years of growth, there was significant decline in overseas purchases of rubber tubing not reinforced, when their volume decreased by -5.9% to X tons. Overall, imports recorded a abrupt curtailment. The pace of growth appeared the most rapid in 2014 with an increase of 99.9%. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, non-reinforced rubber tubing imports expanded modestly to $X in 2021. Over the period under review, imports continue to indicate a abrupt downturn. The pace of growth appeared the most rapid in 2014 when imports increased by 53%. Over the period under review, imports reached the maximum at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Portugal (X tons), China (X tons) and the United Arab Emirates (X tons) were the main suppliers of non-reinforced rubber tubing imports to Angola, with a combined 66% 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 the United Arab Emirates (with a CAGR of +4.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Portugal ($X) constituted the largest supplier of rubber tubing not reinforced to Angola, comprising 31% of total imports. The second position in the ranking was taken by South Africa ($X), with a 5.4% share of total imports. It was followed by Germany, with a 5.3% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Portugal totaled -15.5%. The remaining supplying countries recorded the following average annual rates of imports growth: South Africa (-13.0% per year) and Germany (-9.0% per year).

Import Prices by Country

The average non-reinforced rubber tubing import price stood at $X per ton in 2021, growing by 8.4% against the previous year. Over the period under review, the import price, however, showed a perceptible descent. The pace of growth was the most pronounced in 2013 an increase of 27% against the previous year. As a result, import price attained the peak level of $X per ton. From 2014 to 2021, the average 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 Germany ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+1.6%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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