Report Update Nov 1, 2024

Angola - Condensed or Evaporated Milk (Sweetened) - Market Analysis, Forecast, Size, Trends and Insights

Single report

Sent by email within 24h (Mon-Fri)

$599 Basic Edition

$2095 Professional Edition

What's the difference?

Subscription

Online access and download

from $350/month

Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.

View Pricing

Angola: Market for Condensed Or Evaporated Milk (Sweetened) 2024

Market Size for Condensed Or Evaporated Milk (Sweetened) in Angola

For the third year in a row, the Angolan market for condensed or evaporated milk (sweetened) recorded decline in sales value, which decreased by -15.3% to $X in 2022. Over the period under review, consumption saw a dramatic decline. Over the period under review, the market reached the maximum level at $X in 2013; however, from 2014 to 2022, consumption stood at a somewhat lower figure.

Exports of Condensed Or Evaporated Milk (Sweetened)

Exports from Angola

After two years of growth, overseas shipments of condensed or evaporated milk (sweetened) decreased by -20.6% to X tons in 2022. Over the period under review, exports, however, enjoyed a remarkable increase. The pace of growth was the most pronounced in 2014 when exports increased by 445% against the previous year. The exports peaked at X tons in 2021, and then reduced notably in the following year.

In value terms, sweetened condensed and evaporated milk exports shrank sharply to $X in 2022. Overall, exports, however, continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2014 when exports increased by 585%. Over the period under review, the exports hit record highs at $X in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Democratic Republic of the Congo (X tons) was the main destination for sweetened condensed and evaporated milk exports from Angola, accounting for a approx. 99% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to Democratic Republic of the Congo totaled +17.8%.

In value terms, Democratic Republic of the Congo ($X) also remains the key foreign market for condensed or evaporated milk (sweetened) exports from Angola.

From 2012 to 2022, the average annual rate of growth in terms of value to Democratic Republic of the Congo amounted to +22.2%.

Export Prices by Country

The average export price for condensed or evaporated milk (sweetened) stood at $X per ton in 2022, with an increase of 5.7% against the previous year. Overall, the export price enjoyed tangible growth. The most prominent rate of growth was recorded in 2015 when the average export price increased by 58%. Over the period under review, the average export prices attained the peak figure at $X per ton in 2016; however, from 2017 to 2022, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for Democratic Republic of the Congo.

From 2012 to 2022, the rate of growth in terms of prices for Democratic Republic of the Congo amounted to +3.8% per year.

Imports of Condensed Or Evaporated Milk (Sweetened)

Imports into Angola

In 2022, supplies from abroad of condensed or evaporated milk (sweetened) decreased by -16.3% to X tons, falling for the second year in a row after two years of growth. In general, imports faced a dramatic decrease. The pace of growth appeared the most rapid in 2019 when imports increased by 28%. Over the period under review, imports attained the peak figure at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, sweetened condensed and evaporated milk imports dropped notably to $X in 2022. Overall, imports recorded a dramatic slump. The most prominent rate of growth was recorded in 2019 when imports increased by 28%. Imports peaked at $X in 2013; however, from 2014 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Malaysia (X tons) constituted the largest sweetened condensed and evaporated milk supplier to Angola, accounting for a 39% share of total imports. Moreover, sweetened condensed and evaporated milk imports from Malaysia exceeded the figures recorded by the second-largest supplier, Brazil (X tons), twofold. Singapore (X tons) ranked third in terms of total imports with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Malaysia stood at -16.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (-40.0% per year) and Singapore (+7.8% per year).

In value terms, the largest sweetened condensed and evaporated milk suppliers to Angola were Malaysia ($X), Brazil ($X) and Singapore ($X), with a combined 67% share of total imports. Portugal, South Africa, Malta, the United Arab Emirates, Germany and Vietnam lagged somewhat behind, together accounting for a further 28%.

Germany, with a CAGR of +16.0%, saw the highest rates of growth with regard to 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 import price for condensed or evaporated milk (sweetened) stood at $X per ton in 2022, flattening at the previous year. Over the last decade, it increased at an average annual rate of +1.3%. The growth pace was the most rapid in 2017 an increase of 19%. Over the period under review, average import prices hit record highs at $X per ton in 2018; however, from 2019 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Portugal ($X per ton), while the price for Germany ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Africa (+10.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for condensed or evaporated milk (sweetened) in the world?

The United States constituted the country with the largest volume of sweetened condensed and evaporated milk consumption, accounting for 35% of total volume. Moreover, sweetened condensed and evaporated milk consumption in the United States exceeded the figures recorded by the second-largest consumer, Malaysia, threefold. The third position in this ranking was occupied by the UK, with a 6% share.

What are the largest producers of condensed or evaporated milk (sweetened) in the world?

The country with the largest volume of sweetened condensed and evaporated milk production was the United States, accounting for 34% of total volume. Moreover, sweetened condensed and evaporated milk production in the United States exceeded the figures recorded by the second-largest producer, Malaysia, threefold. The third position in this ranking was occupied by Saudi Arabia, with a 7.7% share.

What are the leading suppliers of condensed or evaporated milk (sweetened) to Angola?

In value terms, Brazil constituted the largest supplier of sweetened condensed and evaporated milk to Angola, comprising 57% of total imports. The second position in the ranking was occupied by Vietnam, with a 17% share of total imports. It was followed by Portugal, with a 6.6% share.

What are the leading importers of condensed or evaporated milk (sweetened) from Angola?

In value terms, Namibia remains the key foreign market for sweetened condensed and evaporated milk exports from Angola.

What is the average export price for condensed or evaporated milk (sweetened) in Angola?

The average export price for condensed or evaporated milk sweetened) stood at $940 per ton in 2021, remaining constant against the previous year.

What is the average import price for condensed or evaporated milk (sweetened) in Angola?

The average import price for condensed or evaporated milk sweetened) stood at $1,316 per ton in 2021, rising by 3.7% against the previous year.

This report provides an in-depth analysis of the market for sweetened condensed and evaporated milk in Angola. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

FCL 889 - Whole Milk, Condensed
FCL 896 - Skim Milk, Condensed

Country coverage:

Angola

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Angola
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023