Angola: Canned Food Market 2024

Canned Food Market Size in Angola

The Angolan canned food market shrank to $X in 2021, which is down by -13.4% against the previous year. Overall, the total consumption indicated resilient growth from 2012 to 2021: its value increased at an average annual rate of +5.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +23.2% against 2017 indices. Canned food consumption peaked at $X in 2020, and then reduced in the following year.

Canned Food Production in Angola

In value terms, canned food production dropped significantly to $X in 2021 estimated in export price. Overall, production, however, saw a strong increase. The growth pace was the most rapid in 2015 when the production volume increased by 68%. Canned food production peaked at $X in 2020, and then fell markedly in the following year.

Canned Food Exports

Exports from Angola

In 2021, shipments abroad of canned food decreased by -19.5% to X tons, falling for the second year in a row after two years of growth. Overall, exports, however, enjoyed a measured expansion. The growth pace was the most rapid in 2018 when exports increased by 189%. The exports peaked at X tons in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

In value terms, canned food exports shrank remarkably to $X in 2021. Over the period under review, exports, however, enjoyed a temperate increase. The pace of growth was the most pronounced in 2018 with an increase of 184% against the previous year. As a result, the exports reached the peak of $X. From 2019 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Democratic Republic of the Congo (X tons) was the main destination for canned food exports from Angola, accounting for a 75% share of total exports. Moreover, canned food exports to Democratic Republic of the Congo exceeded the volume sent to the second major destination, Spain (X tons), fivefold.

From 2012 to 2021, the average annual growth rate of volume to Democratic Republic of the Congo was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (+55.3% per year) and Congo (+17.9% per year).

In value terms, Democratic Republic of the Congo ($X) remains the key foreign market for canned food exports from Angola, comprising 68% of total exports. The second position in the ranking was held by Spain ($X), with a 20% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Democratic Republic of the Congo was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (+47.8% per year) and Congo (+22.4% per year).

Export Prices by Country

The average canned food export price stood at $X per ton in 2021, flattening at the previous year. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 an increase of 69%. The export price peaked at $X per ton in 2014; however, from 2015 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was Spain ($X per ton), while the average price for exports to Congo ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Congo (+3.8%), while the prices for the other major destinations experienced a decline.

Canned Food Imports

Imports into Angola

After two years of decline, purchases abroad of canned food increased by 6.5% to X tons in 2021. In general, imports, however, continue to indicate a abrupt decline. The most prominent rate of growth was recorded in 2013 when imports increased by 49%. As a result, imports reached the peak of X tons. From 2014 to 2021, the growth of imports failed to regain momentum.

In value terms, canned food imports dropped to $X in 2021. Overall, imports, however, saw a abrupt downturn. The pace of growth was the most pronounced in 2013 with an increase of 22%. As a result, imports reached the peak of $X. From 2014 to 2021, the growth of imports failed to regain momentum.

Imports by Country

Italy (X tons), Thailand (X tons) and China (X tons) were the main suppliers of canned food imports to Angola, together comprising 56% of total imports. Portugal, Pakistan, Spain, Brazil, South Africa, Tanzania, Mexico, Malaysia and Argentina lagged somewhat behind, together comprising a further 34%.

From 2012 to 2021, the biggest increases were recorded for Mexico (with a CAGR of +35.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest canned food suppliers to Angola were Italy ($X), Portugal ($X) and Thailand ($X), together accounting for 40% of total imports. Spain, Brazil, Mexico, South Africa, China, Argentina, Malaysia, Pakistan and Tanzania lagged somewhat behind, together comprising a further 33%.

In terms of the main suppliers, Mexico, with a CAGR of +31.2%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average canned food import price stood at $X per ton in 2021, declining by -12.1% against the previous year. Over the period under review, the import price showed a noticeable downturn. The pace of growth was the most pronounced in 2014 an increase of 30%. As a result, import price reached the peak level of $X per ton. From 2015 to 2021, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Mexico ($X per ton), while the price for Tanzania ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Malaysia (+2.5%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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