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Angola - Forged Bars Of Stainless Steel - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Forged Stainless Steel Bar in Angola - 2022
Contents:
- Price for Forged Stainless Steel Bar in Angola (CIF) - 2022
- Price for Forged Stainless Steel Bar in Angola (FOB) - 2022
- Imports of Forged Stainless Steel Bar in Angola
- Exports of Forged Stainless Steel Bar in Angola
Price for Forged Stainless Steel Bar in Angola (CIF) - 2022
In 2022, the average forged stainless steel bar import price amounted to $4,423 per ton, dropping by -8.6% against the previous year. In general, the import price showed a slight decline. The most prominent rate of growth was recorded in 2017 when the average import price increased by 62%. Over the period under review, average import prices hit record highs at $5,679 per ton in 2018; however, from 2019 to 2022, import prices stood 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 the UK ($13,057 per ton), while the price for Spain ($753 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Africa (+7.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Forged Stainless Steel Bar in Angola (FOB) - 2022
The average forged stainless steel bar export price stood at $1,559 per ton in 2022, falling by -19% against the previous year. Overall, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 when the average export price increased by 91%. The export price peaked at $6,534 per ton in 2019; however, from 2020 to 2022, 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 Democratic Republic of the Congo ($1,638 per ton), while the average price for exports to Namibia totaled $779 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Democratic Republic of the Congo (-2.4%).
Imports of Forged Stainless Steel Bar in Angola
In 2022, the amount of forged bars of stainless steel imported into Angola rose remarkably to 23 tons, growing by 14% against 2021 figures. The total import volume increased at an average annual rate of +15.4% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 with an increase of 38% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.
In value terms, forged stainless steel bar imports expanded to $100K in 2022. The total import value increased at an average annual rate of +7.2% over the period from 2019 to 2022; however, the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 with an increase of 28%. As a result, imports reached the peak of $105K. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
Import of Forged Stainless Steel Bar in Angola (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Portugal | 32.4 | 64.7 | 19.2 | 45.6 | 12.1% |
China | 10.6 | 14.0 | 9.1 | 10.1 | -1.6% |
United Kingdom | 10.3 | 7.5 | 7.2 | 7.4 | -10.4% |
India | 1.8 | 0.2 | 3.1 | 3.4 | 23.6% |
Namibia | 5.2 | 4.8 | 3.7 | 2.4 | -22.7% |
Turkey | 0.8 | 1.0 | 1.1 | 1.4 | 20.5% |
Spain | 0.2 | 0.1 | 0.3 | 0.4 | 26.0% |
Others | 20.3 | 12.4 | 52.2 | 29.7 | 13.5% |
Total | 81.5 | 105 | 95.9 | 100 | 7.1% |
Top Suppliers of Forged Stainless Steel Bar to Angola in 2022:
- China (11.5 tons)
- Portugal (4.9 tons)
- Namibia (1.7 tons)
- Turkey (1.6 tons)
- United Kingdom (0.6 tons)
- Spain (0.5 tons)
- India (0.4 tons)
Exports of Forged Stainless Steel Bar in Angola
In 2022, approx. 4.4 tons of forged bars of stainless steel were exported from Angola; increasing by 272% compared with the previous year's figure. Overall, exports showed significant growth. The growth pace was the most rapid in 2020 when exports increased by 715% against the previous year. The exports peaked in 2022 and are likely to see steady growth in years to come.
In value terms, forged stainless steel bar exports surged to $6.9K in 2022. In general, exports enjoyed significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 246% against the previous year. As a result, the exports attained the peak of $12K. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
Export of Forged Stainless Steel Bar in Angola (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Democratic Republic of the Congo | 1.4 | 11.1 | 2.0 | 6.6 | 67.7% |
Namibia | 0.3 | 0.4 | 0.3 | 0.3 | 0.0% |
Others | 1.7 | N/A | N/A | N/A | 0% |
Total | 3.3 | 11.5 | 2.3 | 6.9 | 27.9% |
Top Export Markets for Forged Stainless Steel Bar from Angola in 2022:
- Democratic Republic of the Congo (4.0 tons)
- Namibia (0.4 tons)
This report provides an in-depth analysis of the market for forged stainless steel bar in Angola. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 24106450 - Forged bars, of stainless steel
Country coverage:
- Angola
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Angola
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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