Angola: Waste Cork Market 2025

Waste Cork Market Size in Angola

In 2021, the Angolan waste cork market decreased by -6.9% to $X for the first time since 2018, thus ending a two-year rising trend. In general, the total consumption indicated a measured increase from 2012 to 2021: its value increased at an average annual rate of +3.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +52.0% against 2018 indices. Over the period under review, the market hit record highs at $X in 2020, and then reduced in the following year.

Waste Cork Production in Angola

In value terms, waste cork production shrank to $X in 2021 estimated in export price. Overall, the total production indicated a measured expansion from 2012 to 2021: its value increased at an average annual rate of +4.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +50.5% against 2018 indices. The most prominent rate of growth was recorded in 2019 with an increase of 38% against the previous year. Over the period under review, production reached the peak level at $X in 2020, and then reduced in the following year.

Waste Cork Exports

Exports from Angola

In 2016, waste cork exports from Angola amounted to X tons, approximately mirroring the previous year's figure. Over the period under review, exports recorded a relatively flat trend pattern. Over the period under review, the exports attained the peak figure in 2016 and are expected to retain growth in the near future.

In value terms, waste cork exports stood at $X in 2016. In general, exports recorded a relatively flat trend pattern. The exports peaked in 2016 and are expected to retain growth in years to come.

Exports by Country

Democratic Republic of the Congo (X tons) was the main destination for waste cork exports from Angola, accounting for a approx. 100% share of total exports.

From 2016 to 2016, the average annual growth rate of volume to Democratic Republic of the Congo was relatively modest.

From 2016 to 2016, the average annual growth rate of value to Democratic Republic of the Congo was relatively modest.

Waste Cork Imports

Imports into Angola

For the fourth consecutive year, Angola recorded growth in purchases abroad of waste cork, crushed, granulated or ground cork, which increased by 2.2% to X tons in 2021. In general, imports posted a resilient increase. The growth pace was the most rapid in 2018 when imports increased by 1,941% against the previous year. Over the period under review, imports reached the maximum in 2021 and are likely to see gradual growth in the immediate term.

In value terms, waste cork imports reduced to $X in 2021. Overall, imports posted a prominent increase. The most prominent rate of growth was recorded in 2019 with an increase of 588%. As a result, imports reached the peak of $X. From 2020 to 2021, the growth of imports remained at a lower figure.

Imports by Country

China (X tons), South Africa (X tons) and Portugal (X kg) were the main suppliers of waste cork imports to Angola, together comprising 97% of total imports. These countries were followed by Lebanon, which accounted for a further 2.4%.

From 2012 to 2021, the biggest increases were recorded for Lebanon (with a CAGR of +485.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constituted the largest supplier of waste cork, crushed, granulated or ground cork to Angola, comprising 95% of total imports. The second position in the ranking was taken by South Africa ($X), with a 2.8% share of total imports. It was followed by Portugal, with a 1.7% share.

From 2012 to 2021, the average annual growth rate of value from China amounted to +30.9%. The remaining supplying countries recorded the following average annual rates of imports growth: South Africa (+12.5% per year) and Portugal (-30.4% per year).

Import Prices by Country

In 2021, the average waste cork import price amounted to $X per ton, dropping by -6.6% against the previous year. Overall, the import price saw a pronounced shrinkage. The growth pace was the most rapid in 2017 when the average import price increased by 629% against the previous year. As a result, import price attained the peak level of $X per ton. From 2018 to 2021, the average import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($X per ton), while the price for South Africa ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+6.5%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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