Angola: Man-Made Filament Fabric Market 2024

Man-Made Filament Fabric Market Size in Angola

In 2021, the Angolan man-made filament fabric market increased by 60% to $X, rising for the fifth year in a row after two years of decline. In general, consumption showed a strong expansion. Man-made filament fabric consumption peaked in 2021 and is likely to see steady growth in years to come.

Man-Made Filament Fabric Exports

Exports from Angola

In 2021, after two years of growth, there was significant decline in overseas shipments of woven fabrics of man-made filaments and staple fibers, when their volume decreased by -25.9% to X tons. Overall, exports faced a sharp decline. The most prominent rate of growth was recorded in 2017 when exports increased by 64% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, man-made filament fabric exports expanded slightly to $X in 2021. In general, exports faced a significant decrease. The most prominent rate of growth was recorded in 2017 when exports increased by 143%. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

The United Arab Emirates (X kg) was the main destination for man-made filament fabric exports from Angola, with a 50% share of total exports. Moreover, man-made filament fabric exports to the United Arab Emirates exceeded the volume sent to the second major destination, Brazil (X kg), threefold. The United States (X kg) ranked third in terms of total exports with a 9.1% share.

From 2012 to 2021, the average annual growth rate of volume to the United Arab Emirates stood at +59.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Brazil (+16.6% per year) and the United States (-25.5% per year).

In value terms, the United Arab Emirates ($X) emerged as the key foreign market for woven fabrics of man-made filaments and staple fibers exports from Angola, comprising 71% of total exports. The second position in the ranking was taken by Brazil ($X), with an 8.9% share of total exports. It was followed by Qatar, with a 6.3% share.

From 2012 to 2021, the average annual growth rate of value to the United Arab Emirates amounted to +103.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Brazil (+15.7% per year) and Qatar (0.0% per year).

Export Prices by Country

In 2021, the average man-made filament fabric export price amounted to $X per ton, jumping by 40% against the previous year. Over the period under review, the export price continues to indicate a noticeable expansion. The pace of growth appeared the most rapid in 2014 an increase of 165% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per ton in 2019; however, from 2020 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per ton), while the average price for exports to the United States ($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 the United Arab Emirates (+27.7%), while the prices for the other major destinations experienced mixed trend patterns.

Man-Made Filament Fabric Imports

Imports into Angola

In 2021, supplies from abroad of woven fabrics of man-made filaments and staple fibers increased by 62% to X tons, rising for the fifth year in a row after two years of decline. Over the period under review, imports continue to indicate buoyant growth. The pace of growth was the most pronounced in 2017 with an increase of 551% against the previous year. Imports peaked in 2021 and are likely to see steady growth in years to come.

In value terms, man-made filament fabric imports surged to $X in 2021. In general, imports enjoyed a strong expansion. The pace of growth was the most pronounced in 2017 with an increase of 521% against the previous year. Imports peaked in 2021 and are likely to see gradual growth in the immediate term.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of man-made filament fabric to Angola, with a 89% share of total imports. It was followed by India (X tons), with a 2.5% share of total imports. The third position in this ranking was taken by Portugal (X tons), with a 2.1% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China totaled +23.0%. The remaining supplying countries recorded the following average annual rates of imports growth: India (-14.3% per year) and Portugal (+0.6% per year).

In value terms, China ($X) constituted the largest supplier of woven fabrics of man-made filaments and staple fibers to Angola, comprising 78% of total imports. The second position in the ranking was held by Portugal ($X), with a 12% share of total imports. It was followed by India, with a 2.8% share.

From 2012 to 2021, the average annual growth rate of value from China amounted to +21.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Portugal (+1.0% per year) and India (-9.7% per year).

Import Prices by Country

The average man-made filament fabric import price stood at $X per ton in 2021, standing approx. at the previous year. In general, the import price continues to indicate a pronounced downturn. The most prominent rate of growth was recorded in 2016 an increase of 18% against the previous year. As a result, import price attained the peak level of $X per ton. From 2017 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 Portugal ($X per ton), while the price for the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+5.4%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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