Angola: Unsaturated Acyclic Hydrocarbons Market 2024

Unsaturated Acyclic Hydrocarbons Market Size in Angola

The Angolan unsaturated acyclic hydrocarbons market contracted remarkably to $X in 2021, with a decrease of -56.3% 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). Overall, consumption continues to indicate a dramatic setback. Unsaturated acyclic hydrocarbons consumption peaked at $X in 2014; however, from 2015 to 2021, consumption remained at a lower figure.

Unsaturated Acyclic Hydrocarbons Exports

Exports from Angola

In 2021, after three years of decline, there was decline in shipments abroad of unsaturated acyclic hydrocarbons, when their volume decreased by 0% to X kg. Over the period under review, exports recorded significant growth. The growth pace was the most rapid in 2017 when exports increased by 606% against the previous year. As a result, the exports attained the peak of X kg. From 2018 to 2021, the growth of the exports failed to regain momentum.

In value terms, unsaturated acyclic hydrocarbons exports amounted to $X in 2021. In general, exports showed a significant expansion. The growth pace was the most rapid in 2017 with an increase of 690%. As a result, the exports reached the peak of $X. From 2018 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

The Netherlands (X kg) was the main destination for unsaturated acyclic hydrocarbons exports from Angola, with a 77% share of total exports. Moreover, unsaturated acyclic hydrocarbons exports to the Netherlands exceeded the volume sent to the second major destination, the UK (X kg), threefold.

From 2015 to 2021, the average annual growth rate of volume to the Netherlands was relatively modest.

In value terms, the Netherlands ($X) and the UK ($X) constituted the largest markets for unsaturated acyclic hydrocarbons exported from Angola worldwide.

The Netherlands, with a CAGR of 0.0%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review.

Export Prices by Country

The average unsaturated acyclic hydrocarbons export price stood at $X per ton in 2021, standing approx. at the previous year. Over the period under review, the export price showed a pronounced downturn. The pace of growth was the most pronounced in 2017 when the average export price increased by 12% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per ton in 2015; however, from 2016 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was the UK ($X per ton), while the average price for exports to the Netherlands stood at $X per ton.

From 2015 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+45.2%).

Unsaturated Acyclic Hydrocarbons Imports

Imports into Angola

In 2021, the amount of unsaturated acyclic hydrocarbons imported into Angola declined significantly to X tons, with a decrease of -45.2% on 2020. Overall, imports saw a significant curtailment. The pace of growth appeared the most rapid in 2018 with an increase of 689%. Over the period under review, imports reached the peak figure at X tons in 2014; however, from 2015 to 2021, imports failed to regain momentum.

In value terms, unsaturated acyclic hydrocarbons imports declined significantly to $X in 2021. Over the period under review, imports faced a dramatic shrinkage. The pace of growth was the most pronounced in 2018 when imports increased by 827% against the previous year. Over the period under review, imports hit record highs at $X in 2014; however, from 2015 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Belgium (X tons) constituted the largest supplier of unsaturated acyclic hydrocarbons to Angola, accounting for a 33% share of total imports. Moreover, unsaturated acyclic hydrocarbons imports from Belgium exceeded the figures recorded by the second-largest supplier, China (X kg), more than tenfold. The third position in this ranking was taken by Portugal (X kg), with a 0.3% share.

From 2012 to 2021, the average annual growth rate of volume from Belgium amounted to +6.5%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-42.7% per year) and Portugal (-48.4% per year).

In value terms, Belgium ($X) constituted the largest supplier of unsaturated acyclic hydrocarbons to Angola, comprising 23% of total imports. The second position in the ranking was taken by China ($X), with a 5.1% share of total imports. It was followed by Portugal, with a 1% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Belgium amounted to +9.1%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-40.4% per year) and Portugal (-48.1% per year).

Import Prices by Country

The average unsaturated acyclic hydrocarbons import price stood at $X per ton in 2021, waning by -29.7% against the previous year. Over the period under review, the import price continues to indicate a abrupt decline. The growth pace was the most rapid in 2019 when the average import price increased by 50% against the previous year. As a result, import price attained the peak level of $X per ton. From 2020 to 2021, the average import prices remained at a somewhat 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 the Netherlands ($X per ton), while the price for Belgium ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+16.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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