Angola: Bumper Market 2024

Bumper Market Size in Angola

The Angolan bumper market dropped sharply to $X in 2022, with a decrease of -20.6% 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). In general, consumption saw a abrupt curtailment. Over the period under review, the market reached the maximum level at $X in 2014; however, from 2015 to 2022, consumption remained at a lower figure.

Bumper Exports

Exports from Angola

In 2022, approx. X kg of bumpers were exported from Angola; picking up by 16% compared with 2021 figures. Overall, exports, however, recorded a deep setback. The pace of growth was the most pronounced in 2018 when exports increased by 1,638% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, bumper exports surged to $X in 2022. In general, exports, however, continue to indicate a abrupt contraction. The growth pace was the most rapid in 2018 when exports increased by 1,584%. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Democratic Republic of the Congo (X kg) was the main destination for bumper exports from Angola, accounting for a 94% share of total exports. Moreover, bumper exports to Democratic Republic of the Congo exceeded the volume sent to the second major destination, Sao Tome and Principe (X kg), more than tenfold. The third position in this ranking was taken by Ghana (X kg), with a 0.4% share.

From 2012 to 2022, the average annual growth rate of volume to Democratic Republic of the Congo totaled +6.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Sao Tome and Principe (+0.4% per year) and Ghana (-37.8% per year).

In value terms, Democratic Republic of the Congo ($X) remains the key foreign market for bumpers exports from Angola, comprising 76% of total exports. The second position in the ranking was held by Ghana ($X), with an 8.6% share of total exports. It was followed by Sao Tome and Principe, with an 8.5% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Democratic Republic of the Congo stood at +19.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ghana (-20.4% per year) and Sao Tome and Principe (+19.3% per year).

Export Prices by Country

In 2022, the average bumper export price amounted to $X per ton, increasing by 42% against the previous year. Over the period under review, the export price recorded a strong increase. The growth pace was the most rapid in 2013 an increase of 220% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2014 to 2022, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Ghana ($X per ton), while the average price for exports to Democratic Republic of the Congo ($X 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 (+69.6%), while the prices for the other major destinations experienced more modest paces of growth.

Bumper Imports

Imports into Angola

Bumper imports into Angola fell rapidly to X tons in 2022, reducing by -20.4% compared with the previous year's figure. Over the period under review, imports continue to indicate a abrupt slump. The most prominent rate of growth was recorded in 2021 when imports increased by 131%. Imports peaked at X tons in 2014; however, from 2015 to 2022, imports failed to regain momentum.

In value terms, bumper imports declined rapidly to $X in 2022. Overall, imports showed a drastic downturn. The most prominent rate of growth was recorded in 2021 with an increase of 70%. Imports peaked at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

China (X tons), the United Arab Emirates (X tons) and Nigeria (X tons) were the main suppliers of bumper imports to Angola, with a combined 84% share of total imports. Japan, Namibia, South Africa, Congo, Portugal, South Korea and Taiwan (Chinese) lagged somewhat behind, together comprising a further 9.3%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Congo (with a CAGR of +57.1%), while imports for the other leaders experienced mixed trend patterns.

In value terms, China ($X) constituted the largest supplier of bumpers to Angola, comprising 61% of total imports. The second position in the ranking was taken by the United Arab Emirates ($X), with a 14% share of total imports. It was followed by Japan, with a 4.1% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China amounted to +10.3%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (-12.1% per year) and Japan (-21.2% per year).

Import Prices by Country

In 2022, the average bumper import price amounted to $X per ton, remaining relatively unchanged against the previous year. In general, the import price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when the average import price increased by 32%. As a result, import price attained the peak level of $X per ton. From 2018 to 2022, the average import prices remained 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 Portugal ($X per ton), while the price for Nigeria ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+12.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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