Angola: Market for Shawls, Scarves And The Like Of Knitted Or Crocheted Textiles 2024

Market Size for Shawls, Scarves And The Like Of Knitted Or Crocheted Textiles in Angola

The Angolan knitted shawl and scarf market amounted to $X in 2022, surging by 6.6% against the previous year. Overall, the total consumption indicated a strong increase from 2012 to 2022: its value increased at an average annual rate of +5.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +14.7% against 2019 indices. As a result, consumption reached the peak level of $X. From 2016 to 2022, the growth of the market failed to regain momentum.

Production of Shawls, Scarves And The Like Of Knitted Or Crocheted Textiles in Angola

In value terms, knitted shawl and scarf production rose modestly to $X in 2022 estimated in export price. Overall, the total production indicated a buoyant expansion from 2012 to 2022: its value increased at an average annual rate of +5.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +8.2% against 2019 indices. The pace of growth appeared the most rapid in 2015 with an increase of 57% against the previous year. Knitted shawl and scarf production peaked at $X in 2016; however, from 2017 to 2022, production stood at a somewhat lower figure.

Exports of Shawls, Scarves And The Like Of Knitted Or Crocheted Textiles

Exports from Angola

In 2022, overseas shipments of shawls, scarves and the like of knitted or crocheted textiles decreased by -25% to X units for the first time since 2019, thus ending a two-year rising trend. Overall, exports, however, saw prominent growth. The most prominent rate of growth was recorded in 2015 when exports increased by 436% against the previous year. The exports peaked at X units in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

In value terms, knitted shawl and scarf exports fell sharply to $X in 2022. In general, exports, however, continue to indicate strong growth. The most prominent rate of growth was recorded in 2015 when exports increased by 678% against the previous year. Over the period under review, the exports reached the maximum at $X in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

Exports by Country

Portugal (X units) was the main destination for knitted shawl and scarf exports from Angola, accounting for a 53% share of total exports. Moreover, knitted shawl and scarf exports to Portugal exceeded the volume sent to the second major destination, Sao Tome and Principe (X units), twofold. The third position in this ranking was held by France (X units), with a 17% share.

From 2012 to 2022, the average annual growth rate of volume to Portugal stood at +32.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Sao Tome and Principe (+21.5% per year) and France (+5.2% per year).

In value terms, Portugal ($X) emerged as the key foreign market for shawls, scarves and the like of knitted or crocheted textiles exports from Angola, comprising 60% of total exports. The second position in the ranking was taken by Sao Tome and Principe ($X), with a 22% share of total exports. It was followed by France, with a 14% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Portugal stood at +47.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Sao Tome and Principe (+32.8% per year) and France (-4.8% per year).

Export Prices by Country

In 2022, the average knitted shawl and scarf export price amounted to $X per unit, declining by -1.9% against the previous year. In general, the export price recorded a noticeable setback. The most prominent rate of growth was recorded in 2017 when the average export price increased by 125% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2018 to 2022, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Portugal ($X per unit), while the average price for exports to China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Democratic Republic of the Congo (+75.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Shawls, Scarves And The Like Of Knitted Or Crocheted Textiles

Imports into Angola

In 2022, imports of shawls, scarves and the like of knitted or crocheted textiles into Angola surged to X units, rising by 174% on 2021 figures. In general, imports recorded a temperate expansion. The most prominent rate of growth was recorded in 2017 when imports increased by 847%. As a result, imports attained the peak of X units. From 2018 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, knitted shawl and scarf imports expanded modestly to $X in 2022. Overall, imports, however, recorded a sharp setback. The most prominent rate of growth was recorded in 2017 with an increase of 493% against the previous year. As a result, imports attained the peak of $X. From 2018 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, China (X units) was the main knitted shawl and scarf supplier to Angola, accounting for a 99% share of total imports. It was followed by Portugal (X units), with a 0.2% share of total imports.

From 2012 to 2022, the average annual growth rate of volume from China amounted to +20.9%.

In value terms, China ($X) constituted the largest supplier of shawls, scarves and the like of knitted or crocheted textiles to Angola, comprising 98% of total imports. The second position in the ranking was taken by Portugal ($X), with a 0.6% share of total imports.

From 2012 to 2022, the average annual growth rate of value from China was relatively modest.

Import Prices by Country

The average knitted shawl and scarf import price stood at $X per unit in 2022, with a decrease of -62.6% against the previous year. In general, the import price faced a dramatic setback. The pace of growth appeared the most rapid in 2016 an increase of 29%. As a result, import price attained the peak level of $X per unit. From 2017 to 2022, the average import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Portugal ($X per unit), while the price for China amounted to $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Portugal (-13.1%).

Source: IndexBox Platform

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