Price for Safety Pins and Other Pins; of Iron or Steel in Angola - 2022

Contents:

1. Price for Safety Pins and Other Pins; of Iron or Steel in Angola (CIF) - 2022
2. Price for Safety Pins and Other Pins; of Iron or Steel in Angola (FOB) - 2022
3. Imports of Safety Pins and Other Pins; of Iron or Steel in Angola
4. Exports of Safety Pins and Other Pins; of Iron or Steel in Angola

Price for Safety Pins and Other Pins; of Iron or Steel in Angola (CIF) - 2022

In 2022, the average import price for safety pins and other pins; of iron or steels amounted to $4,211 per ton, surging by 14% against the previous year. In general, the import price enjoyed a resilient increase. The pace of growth appeared the most rapid in 2019 an increase of 77% against the previous year. Over the period under review, average import prices hit record highs at $5,220 per ton in 2015; however, from 2016 to 2022, import prices remained at a 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 United Arab Emirates ($17,917 per ton), while the price for China ($451 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+119.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Safety Pins and Other Pins; of Iron or Steel in Angola (FOB) - 2022

In 2022, the average export price for safety pins and other pins; of iron or steels amounted to $882 per ton, which is down by -2.9% against the previous year. Over the period under review, the export price, however, saw a modest expansion. The most prominent rate of growth was recorded in 2013 an increase of 362% against the previous year. The export price peaked at $5,774 per ton in 2014; however, from 2015 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 Indonesia ($1,000 per ton), while the average price for exports to France totaled $333 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to South Africa (+52.3%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Safety Pins and Other Pins; of Iron or Steel in Angola

After three years of growth, supplies from abroad of safety pins and other pins; of iron or steels decreased by -84.5% to 9.4 tons in 2022. Over the period under review, imports continue to indicate a dramatic curtailment. The most prominent rate of growth was recorded in 2021 when imports increased by 94%. As a result, imports reached the peak of 61 tons, and then contracted dramatically in the following year.

In value terms, imports of safety pins and other pins; of iron or steels fell remarkably to $40K in 2022. Overall, imports showed a precipitous contraction. The most prominent rate of growth was recorded in 2021 with an increase of 95%. As a result, imports attained the peak of $225K, and then contracted notably in the following year.

Top Suppliers of Safety Pins and Other Pins; of Iron or Steel to Angola in 2022:

1. China (6.5 tons)
2. United Arab Emirates (1.3 tons)
3. Portugal (0.3 tons)
4. United States (0.3 tons)
5. Namibia (0.3 tons)
6. South Africa (0.2 tons)
7. Vietnam (0.2 tons)

Exports of Safety Pins and Other Pins; of Iron or Steel in Angola

Exports of safety pins and other pins; of iron or steels from Angola surged to 17 kg in 2022, picking up by 55% on the previous year. In general, exports saw a significant increase. The growth pace was the most rapid in 2020 when exports increased by 75%. Over the period under review, the exports of reached the peak figure in 2022 and are expected to retain growth in years to come.

In value terms, exports of safety pins and other pins; of iron or steels surged to $15 in 2022. Over the period under review, exports showed a significant expansion. The pace of growth appeared the most rapid in 2020 with an increase of 75% against the previous year. Over the period under review, the exports of hit record highs in 2022 and are expected to retain growth in the immediate term.

Top Export Markets for Safety Pins and Other Pins; of Iron or Steel from Angola in 2022:

1. Indonesia (14.0 kg)
2. France (3.0 kg)

Source: IndexBox Market Intelligence Platform