Angola: Saturated Acyclic Hydrocarbons Market 2024

Saturated Acyclic Hydrocarbons Market Size in Angola

The Angolan saturated acyclic hydrocarbons market amounted to $X in 2022, remaining constant against the previous year. Overall, the total consumption indicated notable growth from 2012 to 2022: its value increased at an average annual rate of +4.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -0.0% against 2020 indices. Over the period under review, the market hit record highs at $X in 2020; afterwards, it flattened through to 2022.

Saturated Acyclic Hydrocarbons Production in Angola

In value terms, saturated acyclic hydrocarbons production totaled $X in 2022 estimated in export price. Overall, the total production indicated a measured expansion from 2012 to 2022: its value increased at an average annual rate of +3.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -0.2% against 2020 indices. The growth pace was the most rapid in 2017 with an increase of 39%. Saturated acyclic hydrocarbons production peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Saturated Acyclic Hydrocarbons Exports

Exports from Angola

In 2021, approx. X tons of saturated acyclic hydrocarbons were exported from Angola; standing approx. at the previous year. Over the period under review, exports saw a sharp slump. The smallest decline of 99.9% was in 2016. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, saturated acyclic hydrocarbons exports stood at $X in 2021. In general, exports recorded a significant contraction. The smallest decline of 99.9% was in 2016. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Democratic Republic of the Congo (X tons) was the main destination for saturated acyclic hydrocarbons exports from Angola, accounting for a approx. 100% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to Democratic Republic of the Congo was relatively modest.

From 2012 to 2021, the average annual growth rate of value to Democratic Republic of the Congo was relatively modest.

Export Prices by Country

The average saturated acyclic hydrocarbons export price stood at $X per ton in 2021, leveling off at the previous year. Overall, the export price posted strong growth. The growth pace was the most rapid in 2016 when the average export price decreased by 99.9% against the previous year. The export price peaked in 2021 and is expected to retain growth in the near future.

As there is only one major export destination, the average price level is determined by prices for Democratic Republic of the Congo.

From 2012 to 2021, the rate of growth in terms of prices for the United States amounted to 0.0% per year.

Saturated Acyclic Hydrocarbons Imports

Imports into Angola

Saturated acyclic hydrocarbons imports into Angola rose notably to X tons in 2022, with an increase of 6.6% compared with 2021. Over the period under review, imports, however, continue to indicate a perceptible setback. The most prominent rate of growth was recorded in 2017 when imports increased by 442%. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, saturated acyclic hydrocarbons imports skyrocketed to $X in 2022. In general, imports, however, continue to indicate a pronounced decrease. The most prominent rate of growth was recorded in 2017 when imports increased by 241% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

Belgium (X tons), China (X tons) and Portugal (X tons) were the main suppliers of saturated acyclic hydrocarbons imports to Angola, with a combined 71% share of total imports. South Korea, France, Namibia, South Africa and the United Arab Emirates lagged somewhat behind, together comprising a further 21%.

From 2012 to 2022, the biggest increases were recorded for South Korea (with a CAGR of +123.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, France ($X), China ($X) and Portugal ($X) constituted the largest saturated acyclic hydrocarbons suppliers to Angola, with a combined 50% share of total imports.

China, with a CAGR of +82.2%, saw the highest rates of growth with regard to the value of imports, in terms of 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 saturated acyclic hydrocarbons import price stood at $X per ton in 2022, increasing by 12% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 when the average import price increased by 82%. 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 France ($X per ton), while the price for South Korea ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+3.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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