Angola: Market for Tubes, Pipes And Hoses Of Vulcanized Rubber 2024

Market Size for Tubes, Pipes And Hoses Of Vulcanized Rubber in Angola

In 2021, the Angolan rubber tube and pipe market was finally on the rise to reach $X for the first time since 2018, thus ending a two-year declining trend. Overall, consumption, however, recorded a abrupt slump. As a result, consumption reached the peak level of $X. From 2015 to 2021, the growth of the market remained at a somewhat lower figure.

Exports of Tubes, Pipes And Hoses Of Vulcanized Rubber

Exports from Angola

In 2021, rubber tube and pipe exports from Angola soared to X tons, rising by 109% on the previous year's figure. Over the period under review, exports continue to indicate significant growth. The most prominent rate of growth was recorded in 2019 with an increase of 172%. Over the period under review, the exports attained the peak figure at X tons in 2016; however, from 2017 to 2021, the exports stood at a somewhat lower figure.

In value terms, rubber tube and pipe exports skyrocketed to $X in 2021. In general, exports showed significant growth. The most prominent rate of growth was recorded in 2015 with an increase of 190% against the previous year. The exports peaked at $X in 2016; however, from 2017 to 2021, the exports remained at a lower figure.

Exports by Country

Belgium (X tons), the UK (X tons) and Namibia (X tons) were the main destinations of rubber tube and pipe exports from Angola, together comprising 79% of total exports. These countries were followed by Ghana, Gabon, the United States and Brazil, which together accounted for a further 11%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Ghana (with a CAGR of +113.8%), while the other leaders experienced more modest paces of growth.

In value terms, the UK ($X), Namibia ($X) and Belgium ($X) were the largest markets for rubber tube and pipe exported from Angola worldwide, together comprising 61% of total exports.

The UK, with a CAGR of +77.3%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average rubber tube and pipe export price stood at $X per ton in 2021, growing by 8.5% against the previous year. In general, the export price, however, continues to indicate a pronounced descent. The pace of growth appeared the most rapid in 2020 an increase of 31%. Over the period under review, the average export prices attained the maximum at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Namibia ($X per ton), while the average price for exports to Gabon ($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 the UK (+7.7%), while the prices for the other major destinations experienced a decline.

Imports of Tubes, Pipes And Hoses Of Vulcanized Rubber

Imports into Angola

After two years of decline, purchases abroad of tubes, pipes and hoses of vulcanized rubber increased by 99% to X tons in 2021. Overall, imports, however, showed a abrupt curtailment. The pace of growth appeared the most rapid in 2018 when imports increased by 139%. Imports peaked at X tons in 2014; however, from 2015 to 2021, imports failed to regain momentum.

In value terms, rubber tube and pipe imports surged to $X in 2021. In general, imports, however, continue to indicate a abrupt downturn. The pace of growth appeared the most rapid in 2014 when imports increased by 143% against the previous year. As a result, imports reached the peak of $X. From 2015 to 2021, the growth of imports failed to regain momentum.

Imports by Country

China (X tons), Portugal (X tons) and South Africa (X tons) were the main suppliers of rubber tube and pipe imports to Angola, together comprising 43% of total imports. Japan, the United Arab Emirates, the UK, France, the United States, Belgium, Trinidad and Tobago, Norway, Germany and Italy lagged somewhat behind, together accounting for a further 21%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Trinidad and Tobago (with a CAGR of +49.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, France ($X), Portugal ($X) and the UK ($X) were the largest rubber tube and pipe suppliers to Angola, with a combined 38% share of total imports. These countries were followed by the United States, Japan, South Africa, Norway, Belgium, Germany, China, Italy, the United Arab Emirates and Trinidad and Tobago, which together accounted for a further 21%.

Trinidad and Tobago, with a CAGR of +31.3%, recorded the highest rates of growth with regard to 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 rubber tube and pipe import price stood at $X per ton in 2021, remaining relatively unchanged against the previous year. Over the period under review, the import price, however, showed a mild decrease. The pace of growth appeared the most rapid in 2013 when the average import price increased by 19% 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 France ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+15.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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