Updated Feb 7, 2023 23:40

Articles of Gut Market in Angola

Market Overview
After four years of decline, the Angolan articles of gut market increased by % to $ in . In general, consumption, however, saw a perceptible decrease. Over the period under review, the market attained the peak level at $ in 2017; however, from 2018 to , consumption failed to regain momentum.


Consumption
In , consumption of articles of gut, goldbeater’s skin, bladders or tendons increased by % to kg for the first time since 2017, thus ending a four-year declining trend. In general, consumption, however, recorded a slight decline. Articles of gut consumption peaked at tons in 2017; however, from 2018 to , consumption failed to regain momentum.

The size of the articles of gut market in Angola skyrocketed to $ in , growing by % against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption, however, continues to indicate a perceptible reduction. Over the period under review, the market hit record highs at $ in 2017; however, from 2018 to , consumption stood at a somewhat lower figure.


Market Forecast
Depressed by shrinking demand for articles of gut in Angola, the market is expected to continue its downward consumption trend over the next eight-year period. The performance of the market is forecast to contract with an anticipated CAGR of -% for the period from to , which is projected to depress the market volume to kg by the end of .

In value terms, the market is forecast to contract with an anticipated CAGR of -% for the period from to , which is projected to bring the market value to $ (in nominal prices) by the end of .


Market Structure
Articles of gut market in Angola consists almost entirely of imported products. In , the share of imports in total consumption accounted for % in value terms and % in physical terms. The share of imports remained relatively constant over the period under review. In , the share of imports in total consumption accounted for % in value terms and % in physical terms. The share of imports decreased moderately ( percentage point) over the period under review.


Trade Balance
Angola remains a net importer of articles of gut; in physical and value terms, imports consistently exceeded exports from 2007 to . In , there was a significant trade deficit of kg, which was equal to $. This tangible trade deficit reflects the fact that the market remains dependent on imports, which is likely to continue in the medium term.