Angola: Coffee Extract Market 2024

Coffee Extract Market Size in Angola

The Angolan coffee extract market surged to $X in 2021, picking up by 142% against the previous year. Over the period under review, consumption saw a noticeable expansion. Coffee extract consumption peaked at $X in 2015; however, from 2016 to 2021, consumption remained at a lower figure.

Coffee Extract Production in Angola

In value terms, coffee extract production soared to $X in 2021 estimated in export price. Over the period under review, production enjoyed a buoyant expansion. The growth pace was the most rapid in 2015 when the production volume increased by 52%. Over the period under review, production reached the maximum level at $X in 2019; however, from 2020 to 2021, production remained at a lower figure.

Coffee Extract Exports

Exports from Angola

In 2021, after two years of growth, there was significant decline in overseas shipments of coffee extracts, essences and concentrates, when their volume decreased by -23.7% to X tons. Overall, exports, however, showed a significant expansion. The pace of growth appeared the most rapid in 2020 when exports increased by 187%. As a result, the exports attained the peak of X tons, and then shrank dramatically in the following year.

In value terms, coffee extract exports dropped sharply to $X in 2021. In general, exports, however, enjoyed significant growth. The pace of growth was the most pronounced in 2019 with an increase of 199% against the previous year. The exports peaked at $X in 2020, and then plummeted in the following year.

Exports by Country

Morocco (X tons), Spain (X tons) and Portugal (X tons) were the main destinations of coffee extract exports from Angola, together accounting for 78% of total exports. Germany, Belgium, Italy, Democratic Republic of the Congo and the United States lagged somewhat behind, together accounting for a further 20%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Germany (with a CAGR of +27,882.1%), while the other leaders experienced more modest paces of growth.

In value terms, Morocco ($X), Portugal ($X) and Spain ($X) constituted the largest markets for coffee extract exported from Angola worldwide, together comprising 80% of total exports. These countries were followed by Germany, Belgium, Italy, Democratic Republic of the Congo, Mozambique and the United States, which together accounted for a further 19%.

Among the main countries of destination, Germany, with a CAGR of +24,289.3%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average coffee extract export price stood at $X per ton in 2021, which is down by -34.3% against the previous year. In general, the export price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 an increase of 38%. Over the period under review, the average export prices reached the peak figure at $X per ton in 2019; however, from 2020 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Democratic Republic of the Congo ($X per ton), while the average price for exports to the United States ($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 Democratic Republic of the Congo (+26.4%), while the prices for the other major destinations experienced mixed trend patterns.

Coffee Extract Imports

Imports into Angola

Coffee extract imports into Angola skyrocketed to X tons in 2021, picking up by 133% against 2020 figures. Over the period under review, imports posted a buoyant expansion. The growth pace was the most rapid in 2014 when imports increased by 191% against the previous year. Over the period under review, imports reached the maximum at X tons in 2017; however, from 2018 to 2021, imports stood at a somewhat lower figure.

In value terms, coffee extract imports skyrocketed to $X in 2021. Overall, imports saw notable growth. Over the period under review, imports attained the peak figure at $X in 2015; however, from 2016 to 2021, imports remained at a lower figure.

Imports by Country

Ghana (X tons), Brazil (X tons) and Portugal (X tons) were the main suppliers of coffee extract imports to Angola, with a combined 55% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Ghana (with a CAGR of +260.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Brazil ($X), Ghana ($X) and Portugal ($X) constituted the largest coffee extract suppliers to Angola, with a combined 52% share of total imports.

Among the main suppliers, Ghana, with a CAGR of +158.5%, 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 coffee extract import price stood at $X per ton in 2021, with a decrease of -2.2% against the previous year. Over the period under review, the import price continues to indicate a abrupt decline. The pace of growth appeared the most rapid in 2016 when the average import price increased by 24% against the previous year. The import price peaked at $X per ton in 2013; however, from 2014 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was South Africa ($X per ton), while the price for Turkey ($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 Korea (+5.4%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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