Angola: Banana And Plantain Market 2024

Banana And Plantain Market Size in Angola

The Angolan banana and plantain market fell modestly to $X in 2022, waning by -3.7% against the previous year. Overall, consumption, however, recorded modest growth. As a result, consumption attained the peak level of $X. From 2017 to 2022, the growth of the market failed to regain momentum.

Banana And Plantain Production in Angola

In value terms, banana and plantain production shrank to $X in 2022 estimated in export price. Over the period under review, production saw a perceptible descent. The most prominent rate of growth was recorded in 2016 with an increase of 199% against the previous year. As a result, production reached the peak level of $X. From 2017 to 2022, production growth failed to regain momentum.

The average yield of bananas and plantains in Angola reduced to X tons per ha in 2022, stabilizing at 2021. Over the period under review, the yield continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 with an increase of 12%. Over the period under review, the average banana and plantain yield hit record highs at X tons per ha in 2015; however, from 2016 to 2022, the yield failed to regain momentum. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

The banana and plantain harvested area in Angola contracted modestly to X ha in 2022, flattening at the previous year's figure. The harvested area increased at an average annual rate of +3.8% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 when the harvested area increased by 10%. Over the period under review, the harvested area dedicated to banana and plantain production reached the peak figure at X ha in 2021, and then contracted modestly in the following year.

Banana And Plantain Exports

Exports from Angola

In 2022, the amount of bananas and plantains exported from Angola surged to X tons, growing by 46% compared with 2021 figures. Overall, exports saw a significant expansion. The pace of growth was the most pronounced in 2018 when exports increased by 1,359,515%. Over the period under review, the exports attained the maximum in 2022 and are expected to retain growth in the near future.

In value terms, banana and plantain exports skyrocketed to $X in 2022. Over the period under review, exports enjoyed significant growth. The pace of growth appeared the most rapid in 2018 when exports increased by 776,813% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are likely to continue growth in the immediate term.

Exports by Country

Portugal (X tons), Congo (X tons) and Spain (X tons) were the main destinations of banana and plantain exports from Angola, with a combined 62% share of total exports.

From 2015 to 2022, the biggest increases were recorded for Spain (with a CAGR of +783.6%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Portugal ($X) remains the key foreign market for bananas and plantains exports from Angola, comprising 42% of total exports. The second position in the ranking was taken by Congo ($X), with a 14% share of total exports. It was followed by Spain, with a 1.4% share.

From 2015 to 2022, the average annual rate of growth in terms of value to Portugal amounted to +302.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Congo (+12.2% per year) and Spain (+620.0% per year).

Export Prices by Country

In 2022, the average banana and plantain export price amounted to $X per ton, surging by 72% against the previous year. Overall, the export price, however, saw a abrupt downturn. The export price peaked at $X per ton in 2017; however, from 2018 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 Portugal ($X per ton), while the average price for exports to South Africa ($X per ton) was amongst the lowest.

From 2015 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Portugal (-12.1%), while the prices for the other major destinations experienced a decline.

Banana And Plantain Imports

Imports into Angola

In 2022, approx. X tons of bananas and plantains were imported into Angola; jumping by 223% against the previous year's figure. In general, imports continue to indicate significant growth. The pace of growth was the most pronounced in 2020 when imports increased by 46,983% against the previous year. As a result, imports attained the peak of X tons. From 2021 to 2022, the growth of imports failed to regain momentum.

In value terms, banana and plantain imports contracted dramatically to $X in 2022. Overall, imports recorded a significant expansion. The growth pace was the most rapid in 2020 with an increase of 8,449% against the previous year. As a result, imports reached the peak of $X. From 2021 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, South Africa (X tons) was the main supplier of banana and plantain to Angola, with a 97% share of total imports. It was followed by Namibia (X tons), with a 2.8% share of total imports.

From 2012 to 2022, the average annual growth rate of volume from South Africa stood at +59.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Namibia (+62.6% per year) and Portugal (+17.9% per year).

In value terms, South Africa ($X) constituted the largest supplier of bananas and plantains to Angola, comprising 92% of total imports. The second position in the ranking was taken by Namibia ($X), with a 6.4% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from South Africa stood at +30.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Namibia (+36.7% per year) and Portugal (+4.4% per year).

Import Prices by Country

The average banana and plantain import price stood at $X per ton in 2022, declining by -87.9% against the previous year. In general, the import price faced a deep slump. The most prominent rate of growth was recorded in 2021 an increase of 1,115%. Over the period under review, average import prices reached the peak figure at $X per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

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 ($X per ton), while the price for South Africa ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Portugal (-11.5%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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