Angola: Market for Butter And Dairy Spreads 2024

Market Size for Butter And Dairy Spreads in Angola

The Angolan butter and dairy spreads market declined rapidly to $X in 2022, waning by -25.6% 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). Over the period under review, consumption continues to indicate a noticeable decline. Butter and dairy spreads consumption peaked at $X in 2013; however, from 2014 to 2022, consumption stood at a somewhat lower figure.

Exports of Butter And Dairy Spreads

Exports from Angola

In 2022, approx. X tons of butter and dairy spreads were exported from Angola; with an increase of 47% against 2021. In general, exports posted a significant expansion. The growth pace was the most rapid in 2015 with an increase of 302%. As a result, the exports attained the peak of X tons. From 2016 to 2022, the growth of the exports failed to regain momentum.

In value terms, butter and dairy spreads exports amounted to $X in 2022. Over the period under review, exports continue to indicate significant growth. The pace of growth was the most pronounced in 2015 when exports increased by 215%. Over the period under review, the exports reached the maximum at $X in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

Exports by Country

Democratic Republic of the Congo (X tons) was the main destination for butter and dairy spreads exports from Angola, with a 98% share of total exports. It was followed by Bahamas (X kg), with a 1.6% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to Democratic Republic of the Congo amounted to +30.0%.

In value terms, Democratic Republic of the Congo ($X) remains the key foreign market for butter and dairy spreads exports from Angola, comprising 97% of total exports. The second position in the ranking was held by Bahamas ($X), with a 2.9% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Democratic Republic of the Congo stood at +28.5%.

Export Prices by Country

In 2022, the average butter and dairy spreads export price amounted to $X per ton, shrinking by -29% against the previous year. In general, the export price recorded a mild slump. The pace of growth was the most pronounced in 2017 when the average export price increased by 104% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per ton in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.

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 Bahamas ($X per ton), while the average price for exports to Democratic Republic of the Congo totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Democratic Republic of the Congo (-1.2%).

Imports of Butter And Dairy Spreads

Imports into Angola

In 2022, the amount of butter and dairy spreads imported into Angola reduced remarkably to X tons, which is down by -20.8% compared with 2021 figures. In general, imports showed a perceptible curtailment. The pace of growth appeared the most rapid in 2021 with an increase of 80% against the previous year. Over the period under review, imports reached the maximum at X tons in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

In value terms, butter and dairy spreads imports declined remarkably to $X in 2022. Overall, imports showed a perceptible reduction. The most prominent rate of growth was recorded in 2021 when imports increased by 96%. Over the period under review, imports reached the peak figure at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Portugal (X tons) constituted the largest butter and dairy spreads supplier to Angola, with a 51% share of total imports. Moreover, butter and dairy spreads imports from Portugal exceeded the figures recorded by the second-largest supplier, the UK (X tons), threefold. The third position in this ranking was held by Namibia (X tons), with a 7.1% share.

From 2012 to 2022, the average annual growth rate of volume from Portugal stood at -3.9%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (+34.1% per year) and Namibia (+5.9% per year).

In value terms, Portugal ($X) constituted the largest supplier of butter and dairy spreads to Angola, comprising 63% of total imports. The second position in the ranking was taken by the UK ($X), with a 15% share of total imports. It was followed by Ireland, with a 6.5% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Portugal amounted to -5.1%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (+31.4% per year) and Ireland (+1.4% per year).

Import Prices by Country

In 2022, the average butter and dairy spreads import price amounted to $X per ton, reducing by -4.8% against the previous year. In general, the import price continues to indicate a noticeable decrease. The most prominent rate of growth was recorded in 2019 when the average import price increased by 37%. The import price peaked at $X per ton in 2012; however, from 2013 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 France ($X per ton), while the price for Namibia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+3.0%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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