Angola: Market for Table, Kitchen Or Household Articles Of Cast Iron 2024

Market Size for Table, Kitchen Or Household Articles Of Cast Iron in Angola

The Angolan cast iron household articles market expanded slightly to $X in 2022, growing by 1.9% against the previous year. In general, the total consumption indicated a perceptible increase from 2012 to 2022: its value increased at an average annual rate of +2.1% 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 -9.6% against 2020 indices. As a result, consumption attained the peak level of $X. From 2021 to 2022, the growth of the market remained at a somewhat lower figure.

Production of Table, Kitchen Or Household Articles Of Cast Iron in Angola

In value terms, cast iron household articles production totaled $X in 2022 estimated in export price. Over the period under review, production enjoyed a significant increase. The pace of growth appeared the most rapid in 2016 with an increase of 938%. Cast iron household articles production peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Exports of Table, Kitchen Or Household Articles Of Cast Iron

Exports from Angola

After two years of decline, shipments abroad of table, kitchen or household articles of cast iron increased by 48% to X kg in 2022. Over the period under review, exports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2013 when exports increased by 51%. The exports peaked at X kg in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

In value terms, cast iron household articles exports declined significantly to $X in 2022. Overall, exports, however, saw a perceptible decrease. The most prominent rate of growth was recorded in 2019 when exports increased by 76%. As a result, the exports attained the peak of $X. From 2020 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Democratic Republic of the Congo (X kg) was the main destination for cast iron household articles exports from Angola, with a 98% share of total exports. It was followed by Portugal (X kg), with a 1.8% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to Democratic Republic of the Congo was relatively modest.

In value terms, Democratic Republic of the Congo ($X) emerged as the key foreign market for table, kitchen or household articles of cast iron exports from Angola, comprising 96% of total exports. The second position in the ranking was taken by Portugal ($X), with a 4.4% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Democratic Republic of the Congo stood at -1.6%.

Export Prices by Country

In 2022, the average cast iron household articles export price amounted to $X per ton, declining by -57% against the previous year. Over the period under review, the export price recorded a perceptible contraction. The pace of growth appeared the most rapid in 2015 when the average export price increased by 57% against the previous year. The export price peaked at $X per ton in 2020; however, from 2021 to 2022, the export prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Portugal (+5.8%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Table, Kitchen Or Household Articles Of Cast Iron

Imports into Angola

In 2022, imports of table, kitchen or household articles of cast iron into Angola surged to X tons, rising by 189% compared with the year before. Overall, imports, however, saw a pronounced reduction. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, cast iron household articles imports soared to $X in 2022. In general, imports, however, recorded a deep reduction. Imports peaked at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X tons) was the main supplier of cast iron household articles to Angola, with a 92% share of total imports. It was followed by Portugal (X tons), with a 2.2% share of total imports. Vietnam (X tons) ranked third in terms of total imports with a 1.2% share.

From 2012 to 2022, the average annual growth rate of volume from China amounted to -2.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Portugal (-3.1% per year) and Vietnam (-25.3% per year).

In value terms, China ($X) constituted the largest supplier of table, kitchen or household articles of cast iron to Angola, comprising 81% of total imports. The second position in the ranking was held by Portugal ($X), with a 6.1% share of total imports. It was followed by Vietnam, with a 2.5% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China stood at -16.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Portugal (-16.5% per year) and Vietnam (-28.3% per year).

Import Prices by Country

The average cast iron household articles import price stood at $X per ton in 2022, dropping by -24.7% against the previous year. In general, the import price saw a abrupt shrinkage. The pace of growth appeared the most rapid in 2017 when the average import price increased by 28%. Over the period under review, average import prices attained the maximum at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+5.8%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :