Price for Textiles; Worn Clothing and Other Worn Articles in Angola - 2022
Contents:
- Price for Textiles; Worn Clothing and Other Worn Articles in Angola (CIF) - 2022
- Price for Textiles; Worn Clothing and Other Worn Articles in Angola (FOB) - 2022
- Imports of Textiles; Worn Clothing and Other Worn Articles in Angola
- Exports of Textiles; Worn Clothing and Other Worn Articles in Angola
Price for Textiles; Worn Clothing and Other Worn Articles in Angola (CIF) - 2022
The average import price for textiles; worn clothing and other worn articleses stood at $388 per ton in December 2022, with an increase of 6.7% against the previous month. In general, the import price, however, showed a perceptible downturn. The pace of growth was the most pronounced in October 2022 when the average import price increased by 157% m-o-m. As a result, import price attained the peak level of $907 per ton. From November 2022 to December 2022, the average import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was India ($1,166 per ton), while the price for China ($284 per ton) was amongst the lowest.
From December 2021 to December 2022, the most notable rate of growth in terms of prices was attained by India (+10.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Textiles; Worn Clothing and Other Worn Articles in Angola (FOB) - 2022
The average export price for textiles; worn clothing and other worn articleses stood at $986 per ton in 2022, reducing by -40.3% against the previous year. Overall, the export price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 an increase of 51%. Over the period under review, the average export prices attained the maximum at $1,651 per ton in 2021, and then dropped markedly in the following year.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Nigeria ($4,921 per ton), while the average price for exports to Kenya ($199 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Nigeria (+71.3%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Textiles; Worn Clothing and Other Worn Articles in Angola
In 2022, the amount of textiles; worn clothing and other worn articleses imported into Angola skyrocketed to 205K tons, growing by 188% against 2021. Overall, imports recorded significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, imports of textiles; worn clothing and other worn articleses surged to $91M in 2022. In general, total imports indicated a buoyant expansion from 2019 to 2022: its value increased at an average annual rate of +9.5% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Textiles; Worn Clothing and Other Worn Articles in Angola (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 35.9 | 40.1 | 42.1 | 65.8 | 22.4% |
| Pakistan | 1.4 | 6.2 | 2.8 | 6.9 | 70.2% |
| Canada | 5.1 | 3.3 | 1.2 | 3.2 | -14.4% |
| United States | 6.3 | 4.6 | 2.2 | 3.0 | -21.9% |
| India | 1.5 | 1.4 | 0.8 | 1.7 | 4.3% |
| United Arab Emirates | 2.1 | 1.4 | 0.7 | 1.5 | -10.6% |
| Germany | 5.4 | 2.8 | 1.1 | 1.4 | -36.2% |
| Netherlands | 2.7 | 2.0 | N/A | 1.3 | -21.6% |
| Others | 8.9 | 6.4 | 3.3 | 6.2 | -11.4% |
| Total | 69.3 | 68.2 | 54.0 | 91.0 | 9.5% |
Top Suppliers of Textiles; Worn Clothing and Other Worn Articles to Angola in 2022:
- China (137.6K tons)
- Pakistan (19.8K tons)
- United States (10.2K tons)
- Canada (7.1K tons)
- India (4.5K tons)
- Netherlands (3.4K tons)
- United Arab Emirates (2.7K tons)
- Germany (2.7K tons)
Exports of Textiles; Worn Clothing and Other Worn Articles in Angola
In 2022, after two years of decline, there was significant growth in shipments abroad of textiles; worn clothing and other worn articleses, when their volume increased by 181% to 620 tons. Over the period under review, exports, however, showed a abrupt decrease.
In value terms, exports of textiles; worn clothing and other worn articleses skyrocketed to $612K in 2022. In general, exports, however, saw a abrupt downturn.
| Export of Textiles; Worn Clothing and Other Worn Articles in Angola (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Sao Tome and Principe | 154 | 90.0 | 72.3 | 297 | 24.5% |
| Democratic Republic of the Congo | 684 | 93.6 | 3.0 | 178 | -36.2% |
| Namibia | 40.6 | 7.8 | 5.1 | 80.5 | 25.6% |
| Nigeria | 34.2 | N/A | 26.4 | 4.1 | -50.7% |
| Kenya | 0.5 | N/A | 0.4 | 2.1 | 61.3% |
| Lebanon | N/A | N/A | 100 | N/A | 0% |
| Zambia | N/A | 328 | N/A | N/A | 0% |
| United Arab Emirates | N/A | N/A | 31.0 | N/A | 0% |
| Others | 75.3 | 95.7 | 126 | 49.4 | -13.1% |
| Total | 989 | 615 | 365 | 612 | -14.8% |
Top Export Markets for Textiles; Worn Clothing and Other Worn Articles from Angola in 2022:
- Democratic Republic of the Congo (338.7 tons)
- Sao Tome and Principe (192.1 tons)
- Namibia (66.8 tons)
- Kenya (10.8 tons)
- Nigeria (0.8 tons)
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