Angola: Wire And Cable Market 2024

Wire And Cable Market Size in Angola

The Angolan wire and cable market expanded modestly to $X in 2022, picking up by X% against the previous year. In general, the total consumption indicated a slight expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by X% against 2014 indices. Over the period under review, the market attained the peak level in 2022 and is expected to retain growth in years to come.

Wire And Cable Production in Angola

In value terms, wire and cable production amounted to $X in 2022 estimated in export price. In general, the total production indicated temperate growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by X% against 2020 indices. The pace of growth was the most pronounced in 2015 when the production volume increased by X% against the previous year. Wire and cable production peaked at $X in 2020; afterwards, it flattened through to 2022.

Wire And Cable Exports

Exports from Angola

In 2022, wire and cable exports from Angola declined markedly to X tons, waning by X% compared with the year before. Overall, exports, however, enjoyed a buoyant expansion. The pace of growth was the most pronounced in 2021 when exports increased by X%. As a result, the exports attained the peak of X tons, and then declined rapidly in the following year.

In value terms, wire and cable exports shrank significantly to $X in 2022. Over the period under review, exports, however, continue to indicate measured growth. The most prominent rate of growth was recorded in 2017 with an increase of X%. As a result, the exports reached the peak of $X. From 2018 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Ghana (X tons) was the main destination for wire and cable exports from Angola, with a X% share of total exports. Moreover, wire and cable exports to Ghana exceeded the volume sent to the second major destination, Mozambique (X tons), fourfold. The third position in this ranking was taken by the United Arab Emirates (X tons), with an X% share.

From 2015 to 2022, the average annual rate of growth in terms of volume to Ghana totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mozambique (X% per year) and the United Arab Emirates (X% per year).

In value terms, Ghana ($X), Mauritania ($X) and the UK ($X) appeared to be the largest markets for wire and cable exported from Angola worldwide, together accounting for X% of total exports. Congo, Mozambique, Liberia and the United Arab Emirates lagged somewhat behind, together accounting for a further X%.

Mozambique, with a CAGR of X%, saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average wire and cable export price amounted to $X per ton, picking up by X% against the previous year. Over the period under review, the export price, however, continues to indicate a abrupt decrease. The most prominent rate of growth was recorded in 2019 when the average export price increased by X%. The export price peaked at $X per ton in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Mauritania ($X per ton), while the average price for exports to the United Arab Emirates ($X per ton) was amongst the lowest.

From 2015 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to China (X%), while the prices for the other major destinations experienced a decline.

Wire And Cable Imports

Imports into Angola

In 2022, the amount of insulated wire and cable imported into Angola declined to X tons, reducing by X% on the previous year's figure. Over the period under review, imports faced a deep contraction. The most prominent rate of growth was recorded in 2021 with an increase of X%. Imports peaked at X tons in 2013; however, from 2014 to 2022, imports remained at a lower figure.

In value terms, wire and cable imports fell significantly to $X in 2022. Overall, imports showed a abrupt shrinkage. The pace of growth was the most pronounced in 2014 with an increase of X% against the previous year. As a result, imports attained the peak of $X. From 2015 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of wire and cable to Angola, with a X% share of total imports. Moreover, wire and cable imports from China exceeded the figures recorded by the second-largest supplier, Portugal (X tons), twofold. The third position in this ranking was taken by India (X tons), with a X% share.

From 2012 to 2022, the average annual growth rate of volume from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Portugal (X% per year) and India (X% per year).

In value terms, the largest wire and cable suppliers to Angola were Portugal ($X), China ($X) and the United States ($X), with a combined X% share of total imports. The United Arab Emirates, India, Italy, the UK and South Africa lagged somewhat behind, together accounting for a further X%.

In terms of the main suppliers, the United Arab Emirates, with a CAGR of X%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average wire and cable import price stood at $X per ton in 2022, dropping by X% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. The growth pace was the most rapid in 2014 an increase of X%. Over the period under review, average import prices attained the peak figure at $X per ton in 2017; however, from 2018 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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