Angola: Canned Meat Market 2024

Canned Meat Market Size in Angola

In 2021, the Angolan canned meat market decreased by -5.7% to $X for the first time since 2016, thus ending a four-year rising trend. Over the period under review, consumption posted prominent growth. Over the period under review, the market hit record highs at $X in 2020, and then dropped in the following year.

Canned Meat Production in Angola

In value terms, canned meat production contracted to $X in 2021 estimated in export price. In general, production saw a buoyant expansion. The most prominent rate of growth was recorded in 2015 when the production volume increased by 142%. Over the period under review, production attained the peak level at $X in 2020, and then shrank in the following year.

Canned Meat Exports

Exports from Angola

In 2021, overseas shipments of canned meat decreased by -7.4% to X tons, falling for the second consecutive year after two years of growth. Over the period under review, exports, however, showed a measured increase. The growth pace was the most rapid in 2018 with an increase of 294% against the previous year. The exports peaked at X tons in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

In value terms, canned meat exports contracted sharply to $X in 2021. In general, exports, however, continue to indicate measured growth. The growth pace was the most rapid in 2018 when exports increased by 341% against the previous year. As a result, the exports reached the peak of $X. From 2019 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Democratic Republic of the Congo (X tons) was the main destination for canned meat exports from Angola, accounting for a 92% share of total exports. Moreover, canned meat exports to Democratic Republic of the Congo exceeded the volume sent to the second major destination, Congo (X tons), more than tenfold.

From 2012 to 2021, the average annual growth rate of volume to Democratic Republic of the Congo stood at +4.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Congo (-2.8% per year) and Spain (+37.8% per year).

In value terms, Democratic Republic of the Congo ($X) remains the key foreign market for canned meat exports from Angola, comprising 91% of total exports. The second position in the ranking was taken by Spain ($X), with a 3.9% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Democratic Republic of the Congo amounted to +3.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (+41.1% per year) and Congo (+17.0% per year).

Export Prices by Country

In 2021, the average canned meat export price amounted to $X per ton, declining by -8.8% against the previous year. Over the period under review, the export price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 an increase of 89% against the previous year. As a result, the export price attained the peak level of $X per ton, and then shrank in the following year.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, 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 (+20.4%), while the prices for the other major destinations experienced mixed trend patterns.

Canned Meat Imports

Imports into Angola

In 2021, canned meat imports into Angola fell rapidly to X tons, which is down by -47.6% on 2020 figures. In general, imports recorded a abrupt decrease. The most prominent rate of growth was recorded in 2014 when imports increased by 69% against the previous year. As a result, imports reached the peak of X tons. From 2015 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, canned meat imports declined markedly to $X in 2021. Over the period under review, imports recorded a abrupt descent. The pace of growth appeared the most rapid in 2014 with an increase of 40% against the previous year. As a result, imports reached the peak of $X. From 2015 to 2021, the growth of imports failed to regain momentum.

Imports by Country

In 2021, Italy (X tons) constituted the largest supplier of canned meat to Angola, with a 34% share of total imports. Moreover, canned meat imports from Italy exceeded the figures recorded by the second-largest supplier, Portugal (X tons), threefold. The third position in this ranking was taken by Brazil (X tons), with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Italy amounted to -10.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Portugal (-20.3% per year) and Brazil (-11.0% per year).

In value terms, Italy ($X), Brazil ($X) and South Africa ($X) were the largest canned meat suppliers to Angola, with a combined 47% share of total imports. Portugal, the United States, Canada, China and France lagged somewhat behind, together comprising a further 19%.

Canada, with a CAGR of +45.4%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average canned meat import price stood at $X per ton in 2021, jumping by 17% against the previous year. Over the period under review, the import price, however, continues to indicate a perceptible contraction. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Brazil (+0.9%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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