Angola: Vulcanised Rubber Thread Market 2024

Vulcanised Rubber Thread Market Size in Angola

In 2021, the Angolan vulcanised rubber thread market increased by 24% to $X, rising for the second year in a row after two years of decline. In general, consumption, however, saw a abrupt curtailment. Over the period under review, the market reached the peak level at $X in 2014; however, from 2015 to 2021, consumption failed to regain momentum.

Vulcanised Rubber Thread Exports

Exports from Angola

Vulcanised rubber thread exports from Angola skyrocketed to X kg in 2021, picking up by 53% compared with 2020. Over the period under review, exports recorded a strong increase. The most prominent rate of growth was recorded in 2014 with an increase of 144% against the previous year. The exports peaked at X kg in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

In value terms, vulcanised rubber thread exports stood at $X in 2021. Overall, exports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 with an increase of 174%. As a result, the exports attained the peak of $X. From 2017 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Democratic Republic of the Congo (X kg) was the main destination for vulcanised rubber thread exports from Angola, accounting for a 94% share of total exports. Moreover, vulcanised rubber thread exports to Democratic Republic of the Congo exceeded the volume sent to the second major destination, Sao Tome and Principe (X kg), more than tenfold.

From 2012 to 2021, the average annual growth rate of volume to Democratic Republic of the Congo amounted to +7.8%.

In value terms, Democratic Republic of the Congo ($X) remains the key foreign market for vulcanised rubber thread and cord exports from Angola, comprising 97% of total exports. The second position in the ranking was held by Sao Tome and Principe ($X), with a 3% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Democratic Republic of the Congo was relatively modest.

Export Prices by Country

The average vulcanised rubber thread export price stood at $X per ton in 2021, dropping by -34.6% against the previous year. Overall, the export price continues to indicate a abrupt descent. The growth pace was the most rapid in 2020 when the average export price increased by 131%. Over the period under review, the average export prices reached the maximum at $X per ton in 2016; however, from 2017 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 Democratic Republic of the Congo ($X per ton), while the average price for exports to Sao Tome and Principe totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Sao Tome and Principe (-6.1%).

Vulcanised Rubber Thread Imports

Imports into Angola

In 2021, overseas purchases of vulcanised rubber thread and cord increased by 23% to X tons, rising for the second year in a row after two years of decline. In general, imports, however, recorded a abrupt downturn. The most prominent rate of growth was recorded in 2017 with an increase of 100%. Imports peaked at X tons in 2014; however, from 2015 to 2021, imports remained at a lower figure.

In value terms, vulcanised rubber thread imports soared to $X in 2021. Over the period under review, imports, however, showed a noticeable reduction. The pace of growth was the most pronounced in 2020 with an increase of 105% against the previous year. Imports peaked 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 vulcanised rubber thread to Angola, accounting for a 88% share of total imports. Moreover, vulcanised rubber thread imports from China exceeded the figures recorded by the second-largest supplier, Germany (X tons), more than tenfold. The third position in this ranking was taken by Italy (X tons), with a 4% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China stood at -2.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+55.6% per year) and Italy (+107.6% per year).

In value terms, China ($X) constituted the largest supplier of vulcanised rubber thread and cord to Angola, comprising 77% of total imports. The second position in the ranking was taken by Germany ($X), with an 11% share of total imports. It was followed by Italy, with a 6.2% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China amounted to +1.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+33.9% per year) and Italy (+124.4% per year).

Import Prices by Country

In 2021, the average vulcanised rubber thread import price amounted to $X per ton, growing by 1.9% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 an increase of 94%. Over the period under review, average import prices reached the peak figure in 2021 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per ton), while the price for China ($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 (+8.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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