Angola: Man-Made Filament Fabric Market 2024

Man-Made Filament Fabric Market Size in Angola

In 2022, the Angolan man-made filament fabric market decreased by X% to $X for the first time since 2016, thus ending a five-year rising trend. Overall, consumption, however, continues to indicate a buoyant increase. Man-made filament fabric consumption peaked at $X in 2021, and then declined notably in the following year.

Man-Made Filament Fabric Exports

Exports from Angola

In 2022, overseas shipments of woven fabrics of man-made filaments and staple fibers decreased by X% to X square meters, falling for the second year in a row after two years of growth. In general, exports saw a dramatic descent. The pace of growth was the most pronounced in 2017 with an increase of X%. The exports peaked at X square meters in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, man-made filament fabric exports shrank sharply to $X in 2022. Overall, exports showed a precipitous decline. The most prominent rate of growth was recorded in 2017 when exports increased by X% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Brazil (X square meters) was the main destination for man-made filament fabric exports from Angola, accounting for a X% share of total exports. Moreover, man-made filament fabric exports to Brazil exceeded the volume sent to the second major destination, the United States (X square meters), fourfold. The third position in this ranking was held by South Africa (X square meters), with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Brazil stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (X% per year) and South Africa (X% per year).

In value terms, Brazil ($X) remains the key foreign market for woven fabrics of man-made filaments and staple fibers exports from Angola, comprising X% of total exports. The second position in the ranking was held by South Africa ($X), with a X% share of total exports. It was followed by Democratic Republic of the Congo, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Brazil totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Africa (X% per year) and Democratic Republic of the Congo (X% per year).

Export Prices by Country

The average man-made filament fabric export price stood at $X per square meter in 2022, which is down by X% against the previous year. Over the period under review, the export price recorded a noticeable shrinkage. The most prominent rate of growth was recorded in 2014 when the average export price increased by X% against the previous year. The export price peaked at $X per square meter in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Democratic Republic of the Congo ($X per square meter), while the average price for exports to the United States ($X per square meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Portugal (X%), while the prices for the other major destinations experienced a decline.

Man-Made Filament Fabric Imports

Imports into Angola

In 2022, after five years of growth, there was significant decline in overseas purchases of woven fabrics of man-made filaments and staple fibers, when their volume decreased by X% to X square meters. In general, imports, however, recorded strong growth. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Imports peaked at X square meters in 2021, and then contracted dramatically in the following year.

In value terms, man-made filament fabric imports shrank dramatically to $X in 2022. Overall, imports, however, showed strong growth. The pace of growth appeared the most rapid in 2017 when imports increased by X% against the previous year. Over the period under review, imports attained the maximum at $X in 2021, and then declined significantly in the following year.

Imports by Country

In 2022, China (X square meters) constituted the largest supplier of man-made filament fabric to Angola, with a X% share of total imports. Moreover, man-made filament fabric imports from China exceeded the figures recorded by the second-largest supplier, India (X square meters), more than tenfold. The third position in this ranking was held by Portugal (X square meters), with a X% share.

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

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

From 2012 to 2022, the average annual growth rate of value 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).

Import Prices by Country

In 2022, the average man-made filament fabric import price amounted to $X per square meter, growing by X% against the previous year. Over the period under review, the import price, however, continues to indicate a mild descent. The pace of growth appeared the most rapid in 2016 an increase of X%. As a result, import price reached the peak level of $X per square meter. From 2017 to 2022, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Portugal ($X per square meter), while the price for the United Arab Emirates ($X per square meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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