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Angola - Synthetic Latex Rubber - Market Analysis, Forecast, Size, Trends and Insights

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Angola: Synthetic Latex Rubber Market 2024

Synthetic Latex Rubber Market Size in Angola

After two years of growth, the Angolan synthetic latex rubber market decreased by -2.8% to $X in 2021. Over the period under review, consumption showed a pronounced curtailment. Synthetic latex rubber consumption peaked at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Synthetic Latex Rubber Production in Angola

In value terms, synthetic latex rubber production shrank slightly to $X in 2021 estimated in export price. Overall, production recorded a pronounced decline. The most prominent rate of growth was recorded in 2016 when the production volume increased by 40% against the previous year. Synthetic latex rubber production peaked at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Synthetic Latex Rubber Exports

Exports from Angola

In 2021, overseas shipments of synthetic latex rubber decreased by 0% to X tons, falling for the third year in a row after two years of growth. Over the period under review, exports continue to indicate a modest expansion. The pace of growth appeared the most rapid in 2018 with an increase of 56% against the previous year. As a result, the exports reached the peak of X tons. From 2019 to 2021, the growth of the exports failed to regain momentum.

In value terms, synthetic latex rubber exports totaled $X in 2021. Overall, exports recorded a slight decline. The growth pace was the most rapid in 2019 when exports increased by 97% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Portugal (X tons) was the main destination for synthetic latex rubber exports from Angola, with a approx. 100% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to Portugal was relatively modest.

From 2012 to 2021, the average annual rate of growth in terms of value to Portugal was relatively modest.

Export Prices by Country

The average synthetic latex rubber export price stood at $X per ton in 2021, stabilizing at the previous year. Over the period under review, the export price showed a noticeable curtailment. The most prominent rate of growth was recorded in 2019 an increase of 227% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for Portugal.

From 2012 to 2021, the rate of growth in terms of prices for Namibia amounted to -15.6% per year.

Synthetic Latex Rubber Imports

Imports into Angola

In 2021, overseas purchases of synthetic latex rubber increased by 47% to X tons, rising for the third consecutive year after four years of decline. In general, imports saw a buoyant increase. The pace of growth appeared the most rapid in 2014 when imports increased by 625%. As a result, imports reached the peak of X tons. From 2015 to 2021, the growth of imports failed to regain momentum.

In value terms, synthetic latex rubber imports skyrocketed to $X in 2021. Over the period under review, imports showed a buoyant increase. The growth pace was the most rapid in 2014 with an increase of 595%. As a result, imports attained the peak of $X. From 2015 to 2021, the growth of imports remained at a lower figure.

Imports by Country

Belgium (X tons), South Africa (X tons) and China (X tons) were the main suppliers of synthetic latex rubber imports to Angola, with a combined 86% 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 South Africa (with a CAGR of +106.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Belgium ($X) constituted the largest supplier of synthetic latex rubber to Angola, comprising 47% of total imports. The second position in the ranking was held by South Africa ($X), with a 7.9% share of total imports. It was followed by Portugal, with a 2.9% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Belgium amounted to +90.2%. The remaining supplying countries recorded the following average annual rates of imports growth: South Africa (+55.0% per year) and Portugal (+27.3% per year).

Import Prices by Country

In 2021, the average synthetic latex rubber import price amounted to $X per ton, dropping by -7.2% against the previous year. In general, the import price saw a relatively flat trend pattern. The growth pace was the most rapid in 2016 when the average import price increased by 64% against the previous year. As a result, import price attained the peak level of $X per ton. From 2017 to 2021, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Portugal ($X per ton), while the price for South Africa ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+8.2%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for synthetic latex rubber in the world?

China constituted the country with the largest volume of synthetic latex rubber consumption, comprising approx. 20% of total volume. Moreover, synthetic latex rubber consumption in China exceeded the figures recorded by the second-largest consumer, Malaysia, twofold. The third position in this ranking was occupied by India, with a 7.9% share.

What are the largest producers of synthetic latex rubber in the world?

The countries with the highest volumes of synthetic latex rubber production in 2021 were China, South Korea and India, with a combined 40% share of global production.

What are the leading suppliers of synthetic latex rubber to Angola?

In value terms, Belgium constituted the largest supplier of synthetic latex rubber to Angola, comprising 85% of total imports. The second position in the ranking was occupied by China, with a 4.1% share of total imports. It was followed by Germany, with a 2% share.

What are the leading importers of synthetic latex rubber from Angola?

In value terms, the largest markets for synthetic latex rubber exported from Angola were Gabon and Congo.

What is the average export price for synthetic latex rubber in Angola?

The average synthetic latex rubber export price stood at $1,047 per ton in 2018, shrinking by -67.3% against the previous year.

What is the average import price for synthetic latex rubber in Angola?

In 2021, the average synthetic latex rubber import price amounted to $1,120 per ton, with a decrease of -25.1% against the previous year.

This report provides an in-depth analysis of the synthetic latex rubber market in Angola. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 20171050 - Synthetic latex rubber

Country coverage:

Angola

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Angola
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023