Angola: Cheese Market 2024

Cheese Market Size in Angola

The Angolan cheese market skyrocketed to $X in 2021, increasing by 25% against the previous year. In general, consumption, however, recorded a deep slump. Over the period under review, the market attained the peak level at $X in 2014; however, from 2015 to 2021, consumption stood at a somewhat lower figure.

Cheese Production in Angola

In value terms, cheese production contracted sharply to $X in 2021 estimated in export price. In general, the total production indicated slight growth from 2012 to 2021: its value increased at an average annual rate of +1.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -44.9% against 2018 indices. The pace of growth was the most pronounced in 2017 when the production volume increased by 49%. Over the period under review, production reached the maximum level at $X in 2018; however, from 2019 to 2021, production stood at a somewhat lower figure.

Cheese Exports

Exports from Angola

In 2021, approx. X kg of cheese were exported from Angola; dropping by -73.7% against the previous year's figure. Over the period under review, exports recorded a relatively flat trend pattern. The growth pace was the most rapid in 2015 when exports increased by 800%. As a result, the exports attained the peak of X tons. From 2016 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, cheese exports dropped dramatically to $X in 2021. Overall, exports saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 with an increase of 701% against the previous year. As a result, the exports attained the peak of $X. From 2016 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Democratic Republic of the Congo (X kg) was the main destination for cheese exports from Angola, accounting for a 43% share of total exports. Moreover, cheese exports to Democratic Republic of the Congo exceeded the volume sent to the second major destination, Malta (X kg), threefold. Spain (X kg) ranked third in terms of total exports with an 8.7% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Democratic Republic of the Congo amounted to +76.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Malta (+67.5% per year) and Spain (+47.5% per year).

In value terms, Democratic Republic of the Congo ($X), Spain ($X) and Slovenia ($X) appeared to be the largest markets for cheese exported from Angola worldwide, with a combined 74% share of total exports. Moreover, cheese exports in Democratic Republic of the Congo exceeded the figures recorded by the second-largest exporter, Spain, twofold.

Democratic Republic of the Congo, with a CAGR of +70.5%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average cheese export price stood at $X per ton in 2021, which is down by -58% against the previous year. In general, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the average export price increased by 129% against the previous year. The export price peaked at $X per ton in 2018; however, from 2019 to 2021, the export prices remained at a lower figure.

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 Slovenia ($X per ton), while the average price for exports to Malta ($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 Italy (+275.1%), while the prices for the other major destinations experienced more modest paces of growth.

Cheese Imports

Imports into Angola

In 2021, imports of cheese into Angola surged to X tons, rising by 52% compared with the previous year's figure. In general, imports, however, continue to indicate a abrupt slump. Imports peaked at X tons in 2014; however, from 2015 to 2021, imports remained at a lower figure.

In value terms, cheese imports skyrocketed to $X in 2021. Overall, imports, however, continue to indicate a abrupt setback. Imports peaked at $X in 2014; however, from 2015 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Portugal (X tons) constituted the largest cheese supplier to Angola, accounting for a 79% share of total imports. Moreover, cheese imports from Portugal exceeded the figures recorded by the second-largest supplier, Morocco (X tons), more than tenfold. Egypt (X tons) ranked third in terms of total imports with a 3% share.

From 2012 to 2021, the average annual growth rate of volume from Portugal amounted to -7.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Morocco (-18.8% per year) and Egypt (+0.7% per year).

In value terms, Portugal ($X) constituted the largest supplier of cheese to Angola, comprising 74% of total imports. The second position in the ranking was taken by Morocco ($X), with a 4.1% share of total imports. It was followed by France, with a 2.4% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Portugal stood at -9.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Morocco (-20.9% per year) and France (-15.6% per year).

Import Prices by Country

The average cheese import price stood at $X per ton in 2021, remaining relatively unchanged against the previous year. Over the period under review, the import price, however, saw a perceptible descent. The pace of growth appeared the most rapid in 2013 when the average import price increased by 7.2%. As a result, import price reached the peak level of $X per ton. From 2014 to 2021, the average import prices remained at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Africa (-0.8%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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