Angola: Market for Tube Or Pipe Fittings (Of Iron Or Steel) 2025

Market Size for Tube Or Pipe Fittings (Of Iron Or Steel) in Angola

The Angolan market for tube or pipe fittings (of iron or steel) reduced to $X in 2022, declining by -12.7% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption showed a abrupt slump. Iron or steel tube fitting consumption peaked at $X in 2014; however, from 2015 to 2022, consumption stood at a somewhat lower figure.

Exports of Tube Or Pipe Fittings (Of Iron Or Steel)

Exports from Angola

Iron or steel tube fitting exports from Angola expanded sharply to X tons in 2022, increasing by 9.2% against the year before. In general, exports saw perceptible growth. The most prominent rate of growth was recorded in 2015 with an increase of 105%. As a result, the exports attained the peak of X tons. From 2016 to 2022, the growth of the exports failed to regain momentum.

In value terms, iron or steel tube fitting exports declined remarkably to $X in 2022. Overall, exports enjoyed a prominent increase. The pace of growth appeared the most rapid in 2019 when exports increased by 248%. As a result, the exports reached the peak of $X. From 2020 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

India (X tons), the United States (X tons) and Norway (X tons) were the main destinations of iron or steel tube fitting exports from Angola, with a combined 85% share of total exports.

From 2012 to 2022, the biggest increases were recorded for India (with a CAGR of +137.2%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, India ($X), Norway ($X) and Portugal ($X) constituted the largest markets for iron or steel tube fitting exported from Angola worldwide, together comprising 36% of total exports.

Among the main countries of destination, India, with a CAGR of +72.8%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average export price for tube or pipe fittings (of iron or steel) stood at $X per ton in 2022, dropping by -34.9% against the previous year. In general, the export price, however, posted a strong increase. The pace of growth appeared the most rapid in 2019 when the average export price increased by 117%. As a result, the export price reached the peak level of $X per ton. From 2020 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 ($X per ton), while the average price for exports to the United States ($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 Portugal (+38.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Tube Or Pipe Fittings (Of Iron Or Steel)

Imports into Angola

Iron or steel tube fitting imports into Angola fell to X tons in 2022, with a decrease of -11.1% on 2021 figures. In general, imports continue to indicate a deep slump. The most prominent rate of growth was recorded in 2021 with an increase of 45%. Imports peaked at X tons in 2014; however, from 2015 to 2022, imports failed to regain momentum.

In value terms, iron or steel tube fitting imports fell to $X in 2022. Over the period under review, imports saw a abrupt decrease. The most prominent rate of growth was recorded in 2019 when imports increased by 54%. Imports peaked at $X in 2014; however, from 2015 to 2022, imports remained at a lower figure.

Imports by Country

China (X tons), the UK (X tons) and Portugal (X tons) were the main suppliers of iron or steel tube fitting imports to Angola, with a combined 45% share of total imports. South Africa, Brazil, Nigeria, the United States, Belgium, Italy and France lagged somewhat behind, together accounting for a further 33%.

From 2012 to 2022, the biggest increases were recorded for Nigeria (with a CAGR of +86.5%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, the largest iron or steel tube fitting suppliers to Angola were the UK ($X), Brazil ($X) and the United States ($X), with a combined 41% share of total imports. Portugal, Italy, Nigeria, South Africa, China, Belgium and France lagged somewhat behind, together accounting for a further 32%.

Nigeria, with a CAGR of +83.5%, 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 more modest paces of growth.

Import Prices by Country

The average import price for tube or pipe fittings (of iron or steel) stood at $X per ton in 2022, reducing by -2% against the previous year. In general, the import price continues to indicate a mild decline. The growth pace was the most rapid in 2016 when the average import price increased by 35%. As a result, import price reached 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 Brazil ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (+9.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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