Angola: Market for Plastics Tubes, Pipes And Hoses, And Fitting 2024

Market Size for Plastics Tubes, Pipes And Hoses, And Fitting in Angola

The Angolan plastic pipe and hose market declined dramatically to $X in 2023, reducing by X% 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). In general, consumption continues to indicate a abrupt contraction. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2023, consumption failed to regain momentum.

Exports of Plastics Tubes, Pipes And Hoses, And Fitting

Exports from Angola

In 2023, approx. X tons of plastics tubes, pipes and hoses, and fitting were exported from Angola; surging by X% against the year before. Overall, exports recorded a significant expansion. The pace of growth appeared the most rapid in 2015 when exports increased by X% against the previous year. The exports peaked at X tons in 2017; however, from 2018 to 2023, the exports stood at a somewhat lower figure.

In value terms, plastic pipe and hose exports dropped slightly to $X in 2023. In general, exports recorded significant growth. The most prominent rate of growth was recorded in 2015 when exports increased by X%. The exports peaked at $X in 2016; however, from 2017 to 2023, the exports failed to regain momentum.

Exports by Country

Democratic Republic of the Congo (X tons) was the main destination for plastic pipe and hose exports from Angola, with a X% share of total exports. Moreover, plastic pipe and hose exports to Democratic Republic of the Congo exceeded the volume sent to the second major destination, Namibia (X tons), threefold. Italy (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2023, the average annual growth rate of volume to Democratic Republic of the Congo stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Namibia (X% per year) and Italy (X% per year).

In value terms, the largest markets for plastic pipe and hose exported from Angola were Democratic Republic of the Congo ($X), the Netherlands ($X) and Namibia ($X), together comprising X% of total exports. Portugal, Italy, Mozambique, Sao Tome and Principe, South Africa and Gabon lagged somewhat behind, together comprising a further X%.

Among the main countries of destination, Italy, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2023, the average plastic pipe and hose export price amounted to $X per ton, with a decrease of X% against the previous year. In general, export price indicated notable growth from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, plastic pipe and hose export price increased by X% against 2020 indices. The growth pace was the most rapid in 2018 when the average export price increased by X% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2019 to 2023, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Gabon ($X per ton), while the average price for exports to Italy ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Senegal (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Plastics Tubes, Pipes And Hoses, And Fitting

Imports into Angola

Plastic pipe and hose imports into Angola fell to X tons in 2023, which is down by X% on the year before. Overall, imports saw a abrupt contraction. The pace of growth was the most pronounced in 2017 when imports increased by X%. Imports peaked at X tons in 2012; however, from 2013 to 2023, imports failed to regain momentum.

In value terms, plastic pipe and hose imports shrank rapidly to $X in 2023. In general, imports continue to indicate a abrupt downturn. The growth pace was the most rapid in 2022 when imports increased by X% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2023, imports failed to regain momentum.

Imports by Country

China (X tons), Portugal (X tons) and South Africa (X tons) were the main suppliers of plastic pipe and hose imports to Angola, together accounting for X% of total imports. The UK, Turkey, India, Brazil, Namibia and the United Arab Emirates lagged somewhat behind, together accounting for a further X%.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the UK (with a CAGR of X%), while imports for the other leaders experienced a decline.

In value terms, the largest plastic pipe and hose suppliers to Angola were China ($X), Portugal ($X) and the UK ($X), with a combined X% share of total imports.

The UK, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

In 2023, the average plastic pipe and hose import price amounted to $X per ton, reducing by X% against the previous year. Over the period from 2012 to 2023, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2016 when the average import price increased by X% against the previous year. The import price peaked at $X per ton in 2022, and then dropped in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was the UK ($X per ton), while the price for Namibia ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by British Virgin Islands (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform