Angola: Cotton Fabric Market 2024

Cotton Fabric Market Size in Angola

The Angolan cotton fabric market skyrocketed to $X in 2021, rising by 72% 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). Over the period under review, consumption, however, faced a deep reduction. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Cotton Fabric Exports

Exports from Angola

In 2021, the amount of woven fabrics of cotton exported from Angola surged to X kg, growing by 119% on 2020. In general, exports, however, saw a abrupt decline. The most prominent rate of growth was recorded in 2019 when exports increased by 308% against the previous year. The exports peaked at X tons in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

In value terms, cotton fabric exports surged to $X in 2021. Over the period under review, exports posted a pronounced increase. The most prominent rate of growth was recorded in 2013 with an increase of 180%. The exports peaked at $X in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Brazil (X kg) was the main destination for cotton fabric exports from Angola, accounting for a 58% share of total exports. Moreover, cotton fabric exports to Brazil exceeded the volume sent to the second major destination, Sao Tome and Principe (X kg), threefold. Democratic Republic of the Congo (X kg) ranked third in terms of total exports with a 19% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Brazil stood at +10.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Sao Tome and Principe (-22.6% per year) and Democratic Republic of the Congo (+26.8% per year).

In value terms, Democratic Republic of the Congo ($X) emerged as the key foreign market for woven fabrics of cotton exports from Angola, comprising 49% of total exports. The second position in the ranking was taken by Brazil ($X), with a 24% share of total exports. It was followed by Sao Tome and Principe, with a 15% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Democratic Republic of the Congo stood at +132.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Brazil (+10.5% per year) and Sao Tome and Principe (-12.4% per year).

Export Prices by Country

In 2021, the average cotton fabric export price amounted to $X per ton, waning by -12% against the previous year. Overall, the export price, however, saw resilient growth. The growth pace was the most rapid in 2020 when the average export price increased by 175%. As a result, the export price reached the peak level of $X per ton, and then shrank in the following year.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Namibia ($X per ton), while the average price for exports to Brazil ($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 Democratic Republic of the Congo (+37.6%), while the prices for the other major destinations experienced more modest paces of growth.

Cotton Fabric Imports

Imports into Angola

In 2021, the amount of woven fabrics of cotton imported into Angola skyrocketed to X tons, increasing by 84% compared with 2020. Overall, imports, however, recorded a abrupt setback. The growth pace was the most rapid in 2017 with an increase of 277%. Imports peaked at X tons in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

In value terms, cotton fabric imports surged to $X in 2021. Over the period under review, imports, however, saw a abrupt shrinkage. The most prominent rate of growth was recorded in 2017 when imports increased by 57% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, China (X tons) constituted the largest cotton fabric supplier to Angola, accounting for a 61% share of total imports. Moreover, cotton fabric imports from China exceeded the figures recorded by the second-largest supplier, India (X tons), twofold. The third position in this ranking was taken by Portugal (X tons), with a 3.6% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China amounted to -3.8%. The remaining supplying countries recorded the following average annual rates of imports growth: India (-11.1% per year) and Portugal (+3.3% per year).

In value terms, the largest cotton fabric suppliers to Angola were China ($X), India ($X) and Portugal ($X), with a combined 71% share of total imports.

In terms of the main suppliers, Portugal, with a CAGR of -1.8%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

The average cotton fabric import price stood at $X per ton in 2021, dropping by -18.4% against the previous year. In general, the import price saw a abrupt shrinkage. The pace of growth appeared the most rapid in 2018 an increase of 88%. The import price peaked at $X per ton in 2016; however, from 2017 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Thailand (+2.0%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :