Angola: Market for Tableware And Kitchenware Of Wood 2024

Market Size for Tableware And Kitchenware Of Wood in Angola

The Angolan wood kitchenware and tableware market surged to $X in 2021, rising by 194% 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). Over the period under review, consumption, however, showed a relatively flat trend pattern. Over the period under review, the market attained the peak level at $X in 2014; however, from 2015 to 2021, consumption remained at a lower figure.

Exports of Tableware And Kitchenware Of Wood

Exports from Angola

In 2021, shipments abroad of tableware and kitchenware of wood was finally on the rise to reach X kg for the first time since 2016, thus ending a four-year declining trend. Over the period under review, exports, however, continue to indicate a deep slump. The most prominent rate of growth was recorded in 2014 with an increase of 98% against the previous year. As a result, the exports attained the peak of X kg. From 2015 to 2021, the growth of the exports failed to regain momentum.

In value terms, wood kitchenware and tableware exports skyrocketed to $X in 2021. Overall, exports, however, recorded a abrupt decrease. The pace of growth appeared the most rapid in 2014 when exports increased by 130%. Over the period under review, the exports reached the peak figure at $X in 2016; however, from 2017 to 2021, the exports remained at a lower figure.

Exports by Country

Thailand (X kg) was the main destination for wood kitchenware and tableware exports from Angola, accounting for a 49% share of total exports. Moreover, wood kitchenware and tableware exports to Thailand exceeded the volume sent to the second major destination, Portugal (X kg), threefold. Democratic Republic of the Congo (X kg) ranked third in terms of total exports with a 19% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Thailand totaled -3.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Portugal (-9.2% per year) and Democratic Republic of the Congo (-17.2% per year).

In value terms, Thailand ($X) remains the key foreign market for tableware and kitchenware of wood exports from Angola, comprising 71% of total exports. The second position in the ranking was taken by Portugal ($X), with an 11% share of total exports. It was followed by Democratic Republic of the Congo, with a 9.5% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Thailand stood at +12.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Portugal (+1.8% per year) and Democratic Republic of the Congo (-12.1% per year).

Export Prices by Country

The average wood kitchenware and tableware export price stood at $X per ton in 2021, increasing by 3% against the previous year. Over the period under review, the export price continues to indicate a buoyant increase. The most prominent rate of growth was recorded in 2015 when the average export price increased by 73% against the previous year. The export price peaked in 2021 and is likely to see steady growth in the near future.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per ton), while the average price for exports to Mozambique ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Thailand (+16.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Tableware And Kitchenware Of Wood

Imports into Angola

In 2021, wood kitchenware and tableware imports into Angola soared to X tons, jumping by 155% against 2020 figures. Over the period under review, imports continue to indicate a relatively flat trend pattern. Over the period under review, imports reached the maximum at X tons in 2017; however, from 2018 to 2021, imports stood at a somewhat lower figure.

In value terms, wood kitchenware and tableware imports surged to $X in 2021. Overall, imports, however, continue to indicate a relatively flat trend pattern. Over the period under review, imports reached the peak figure at $X in 2014; however, from 2015 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of wood kitchenware and tableware to Angola, accounting for a 51% share of total imports. Moreover, wood kitchenware and tableware imports from China exceeded the figures recorded by the second-largest supplier, the United Arab Emirates (X tons), threefold. The third position in this ranking was held by Portugal (X tons), with a 17% share.

From 2012 to 2021, the average annual growth rate of volume from China totaled +8.0%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (+36.0% per year) and Portugal (-12.3% per year).

In value terms, the largest wood kitchenware and tableware suppliers to Angola were Portugal ($X), China ($X) and the United Arab Emirates ($X), together comprising 85% of total imports.

The United Arab Emirates, with a CAGR of +38.8%, 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

In 2021, the average wood kitchenware and tableware import price amounted to $X per ton, increasing by 25% against the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when the average import price increased by 28% against the previous year. Over the period under review, average import prices attained the maximum at $X per ton in 2014; however, from 2015 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 ($X per ton), while the price for the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Portugal (+6.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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