Angola: Cereal Market 2024

Cereal Market Size in Angola

The Angolan cereal market rose remarkably to $X in 2022, increasing by X% against the previous year. Overall, consumption showed a significant increase. Cereal consumption peaked in 2022 and is likely to see steady growth in years to come.

Cereal Production in Angola

In value terms, cereal production soared to $X in 2022 estimated in export price. In general, production saw a significant increase. The pace of growth was the most pronounced in 2018 when the production volume increased by X% against the previous year. Cereal production peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

The average yield of cereals in Angola declined to X kg per ha in 2022, approximately reflecting 2021 figures. The yield figure increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2013 with an increase of X% against the previous year. The cereal yield peaked at X tons per ha in 2021, and then dropped slightly in the following year. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, approx. X ha of cereals were harvested in Angola; approximately equating the previous year's figure. Over the period under review, the harvested area posted a strong expansion. The pace of growth appeared the most rapid in 2013 when the harvested area increased by X%. The cereal harvested area peaked at X ha in 2020; afterwards, it flattened through to 2022.

Cereal Exports

Exports from Angola

In 2022, shipments abroad of cereals decreased by X% to X tons, falling for the third consecutive year after two years of growth. Overall, exports showed a pronounced reduction. The most prominent rate of growth was recorded in 2019 with an increase of X%. As a result, the exports attained the peak of X tons. From 2020 to 2022, the growth of the exports remained at a lower figure.

In value terms, cereal exports surged to $X in 2022. Over the period under review, exports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 with an increase of X%. As a result, the exports reached the peak of $X. From 2020 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Congo (X tons), Democratic Republic of the Congo (X tons) and Namibia (X tons) were the main destinations of cereal exports from Angola, with a combined X% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Democratic Republic of the Congo (with a CAGR of X%), while shipments for the other leaders experienced a decline.

In value terms, Congo ($X), Democratic Republic of the Congo ($X) and Namibia ($X) constituted the largest markets for cereal exported from Angola worldwide, with a combined X% share of total exports.

In terms of the main countries of destination, Democratic Republic of the Congo, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

In 2022, the average cereal export price amounted to $X per ton, jumping by X% against the previous year. Overall, the export price recorded a remarkable increase. The most prominent rate of growth was recorded in 2019 when the average export price increased by X% against the previous year. Over the period under review, the average export prices attained the maximum at $X per ton in 2020; however, from 2021 to 2022, the export prices remained at a lower figure.

Average prices varied somewhat for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Democratic Republic of the Congo ($X per ton), while the average price for exports to Namibia ($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 Namibia (X%), while the prices for the other major destinations experienced mixed trend patterns.

Cereal Imports

Imports into Angola

In 2022, cereal imports into Angola stood at X tons, growing by X% compared with the previous year. In general, imports enjoyed a significant increase. The growth pace was the most rapid in 2018 when imports increased by X%. Imports peaked in 2022 and are expected to retain growth in the near future.

In value terms, cereal imports soared to $X in 2022. Over the period under review, imports recorded a significant expansion. The growth pace was the most rapid in 2018 with an increase of X% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are likely to see gradual growth in the near future.

Imports by Country

In 2022, Argentina (X tons) constituted the largest supplier of cereal to Angola, accounting for a X% share of total imports. Moreover, cereal imports from Argentina exceeded the figures recorded by the second-largest supplier, France (X tons), twofold. The third position in this ranking was held by Poland (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Argentina totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: France (X% per year) and Poland (X,441.5% per year).

In value terms, Argentina ($X) constituted the largest supplier of cereals to Angola, comprising X% of total imports. The second position in the ranking was held by France ($X), with a X% share of total imports. It was followed by Latvia, with a X% share.

From 2012 to 2022, the average annual growth rate of value from Argentina totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: France (X% per year) and Latvia (X% per year).

Import Prices by Country

The average cereal import price stood at $X per ton in 2022, rising by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2014 an increase of X% against the previous year. Over the period under review, average import prices attained the maximum in 2022 and is likely to see gradual growth in the near future.

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

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

Source: IndexBox Platform

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