Angola: Silicates Market 2024

Silicates Market Size in Angola

In 2021, the Angolan silicates market decreased by -27.7% to $X for the first time since 2016, thus ending a four-year rising trend. In general, consumption, however, showed a significant increase. Over the period under review, the market reached the maximum level at $X in 2020, and then declined rapidly in the following year.

Silicates Production in Angola

In value terms, silicates production reduced sharply to $X in 2021 estimated in export price. Over the period under review, production, however, recorded a tangible increase. The most prominent rate of growth was recorded in 2020 when the production volume increased by 103%. As a result, production attained the peak level of $X, and then fell rapidly in the following year.

Silicates Exports

Exports from Angola

In 2021, the amount of silicates, commercial alkali metal silicates exported from Angola fell significantly to X tons, waning by -46.8% against the previous year. In general, exports, however, continue to indicate a resilient expansion. The growth pace was the most rapid in 2020 with an increase of 281%. Over the period under review, the exports reached the peak figure at X tons in 2017; however, from 2018 to 2021, the exports remained at a lower figure.

In value terms, silicates exports contracted notably to $X in 2021. Over the period under review, exports, however, recorded a significant increase. The pace of growth appeared the most rapid in 2020 when exports increased by 555%. As a result, the exports attained the peak of $X, and then shrank significantly in the following year.

Exports by Country

Namibia (X tons) was the main destination for silicates exports from Angola, with a 89% share of total exports. Moreover, silicates exports to Namibia exceeded the volume sent to the second major destination, Congo (X tons), eightfold.

From 2015 to 2021, the average annual growth rate of volume to Namibia was relatively modest.

In value terms, Namibia ($X) emerged as the key foreign market for silicates, commercial alkali metal silicates exports from Angola, comprising 68% of total exports. The second position in the ranking was taken by Congo ($X), with a 32% share of total exports.

From 2015 to 2021, the average annual growth rate of value to Namibia was relatively modest.

Export Prices by Country

The average silicates export price stood at $X per ton in 2021, declining by -15.4% against the previous year. In general, the export price, however, posted a strong increase. The growth pace was the most rapid in 2018 an increase of 105%. Over the period under review, the average export prices hit record highs at $X per ton in 2020, and then fell markedly in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Congo ($X per ton), while the average price for exports to Namibia stood at $X per ton.

From 2015 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+182.4%).

Silicates Imports

Imports into Angola

For the third year in a row, Angola recorded growth in purchases abroad of silicates, commercial alkali metal silicates, which increased by 56% to X tons in 2021. Over the period under review, imports showed a strong increase. The growth pace was the most rapid in 2014 with an increase of 117% against the previous year. As a result, imports reached the peak of X tons. From 2015 to 2021, the growth of imports remained at a lower figure.

In value terms, silicates imports surged to $X in 2021. Overall, imports posted tangible growth. The most prominent rate of growth was recorded in 2019 with an increase of 69%. Over the period under review, imports attained the maximum in 2021 and are likely to continue growth in years to come.

Imports by Country

In 2021, Egypt (X tons) constituted the largest supplier of silicates to Angola, accounting for a 57% share of total imports. Moreover, silicates imports from Egypt exceeded the figures recorded by the second-largest supplier, Portugal (X tons), fourfold. The UK (X tons) ranked third in terms of total imports with an 8.4% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Egypt stood at +23.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Portugal (+26.6% per year) and the UK (+22.1% per year).

In value terms, the largest silicates suppliers to Angola were Egypt ($X), Portugal ($X) and the UK ($X), with a combined 72% share of total imports. These countries were followed by India, Oman, China, Lebanon, Germany and South Korea, which together accounted for a further 17%.

South Korea, with a CAGR of +49.4%, recorded the highest growth rate of 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 silicates import price stood at $X per ton in 2021, which is down by -22.1% against the previous year. In general, the import price recorded a noticeable decline. The most prominent rate of growth was recorded in 2015 an increase of 47% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, 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 Portugal ($X per ton), while the price for Egypt ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Egypt (+0.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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