Angola: Market for Vulcanised Cellular Rubber Articles For Technical Uses 2024

Market Size for Vulcanised Cellular Rubber Articles For Technical Uses in Angola

The Angolan vulcanised cellular rubber articles market dropped notably to $X in 2021, reducing by -26.8% 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 saw a noticeable descent. Vulcanised cellular rubber articles consumption peaked at $X in 2013; however, from 2014 to 2021, consumption failed to regain momentum.

Exports of Vulcanised Cellular Rubber Articles For Technical Uses

Exports from Angola

For the third year in a row, Angola recorded decline in shipments abroad of vulcanised cellular rubber articles for technical uses, which decreased by -56.5% to X kg in 2021. Overall, exports saw a abrupt contraction. The most prominent rate of growth was recorded in 2014 when exports increased by 6,522% against the previous year. As a result, the exports reached the peak of X tons. From 2015 to 2021, the growth of the exports remained at a lower figure.

In value terms, vulcanised cellular rubber articles exports declined sharply to $X in 2021. In general, exports recorded a abrupt slump. The pace of growth was the most pronounced in 2014 when exports increased by 12,850% against the previous year. As a result, the exports reached the peak of $X. From 2015 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Namibia (X kg), Portugal (X kg) and Cuba (X kg) were the main destinations of vulcanised cellular rubber articles exports from Angola, with a combined 93% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Cuba (with a CAGR of 0.0%), while the other leaders experienced a decline.

In value terms, Portugal ($X), Namibia ($X) and Cuba ($X) constituted the largest markets for vulcanised cellular rubber articles exported from Angola worldwide, together accounting for 93% of total exports.

Cuba, with a CAGR of 0.0%, recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

The average vulcanised cellular rubber articles export price stood at $X per ton in 2021, shrinking by -17.4% against the previous year. In general, the export price recorded a pronounced decrease. The pace of growth appeared the most rapid in 2017 an increase of 97%. The export price peaked at $X per ton in 2014; however, from 2015 to 2021, the export prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was Portugal ($X per ton), while the average price for exports to Cuba ($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 Portugal (+1.9%), while the prices for the other major destinations experienced a decline.

Imports of Vulcanised Cellular Rubber Articles For Technical Uses

Imports into Angola

In 2021, approx. X tons of vulcanised cellular rubber articles for technical uses were imported into Angola; shrinking by -42.4% compared with the previous year. Overall, imports continue to indicate a deep slump. The pace of growth appeared the most rapid in 2020 when imports increased by 142%. Over the period under review, imports hit record highs at X tons in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

In value terms, vulcanised cellular rubber articles imports shrank sharply to $X in 2021. Over the period under review, imports showed a noticeable curtailment. The pace of growth was the most pronounced in 2020 with an increase of 239%. Over the period under review, imports hit record highs at $X in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Pakistan (X tons), China (X tons) and Portugal (X tons) were the main suppliers of vulcanised cellular rubber articles imports to Angola, with a combined 79% share of total imports. Russia, the UK and the United Arab Emirates lagged somewhat behind, together comprising a further 14%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Russia (with a CAGR of +79.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest vulcanised cellular rubber articles suppliers to Angola were the UK ($X), Russia ($X) and Portugal ($X), with a combined 46% share of total imports.

Russia, with a CAGR of +51.5%, 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

The average vulcanised cellular rubber articles import price stood at $X per ton in 2021, rising by 44% against the previous year. In general, the import price showed a noticeable increase. The pace of growth appeared the most rapid in 2015 an increase of 57%. As a result, import price reached the peak level of $X per ton. From 2016 to 2021, the average import prices remained at a lower figure.

Prices varied noticeably country of origin: the country with the highest price was the UK ($X per ton), while the price for Pakistan ($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 UK (+9.5%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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