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

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

The Angolan market for condensed or evaporated milk (unsweetened) was finally on the rise to reach $X in 2021, after two years of decline. Over the period under review, consumption saw notable growth. As a result, consumption reached the peak level of $X. From 2019 to 2021, the growth of the market remained at a lower figure.

Production of Condensed Or Evaporated Milk (Unsweetened) in Angola

In value terms, unsweetened condensed and evaporated milk production reduced slightly to $X in 2021 estimated in export price. Over the period under review, the total production indicated a remarkable increase from 2012 to 2021: its value increased at an average annual rate of +5.2% 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 increased by +58.2% against 2012 indices. The pace of growth appeared the most rapid in 2020 with an increase of 8.2% against the previous year. As a result, production reached the peak level of $X, and then declined in the following year.

Exports of Condensed Or Evaporated Milk (Unsweetened)

Exports from Angola

In 2021, the amount of condensed or evaporated milk (unsweetened) exported from Angola contracted to X tons, falling by -8.8% compared with the previous year's figure. In general, exports faced a dramatic decrease. The smallest decline of -5.6% was in 2016. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, unsweetened condensed and evaporated milk exports dropped to $X in 2021. Overall, exports recorded a sharp slump. The smallest decline of -5.4% was in 2018. Over the period under review, the exports attained the peak figure at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Democratic Republic of the Congo (X tons) was the main destination for unsweetened condensed and evaporated milk exports from Angola, accounting for a approx. 100% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to Democratic Republic of the Congo totaled -24.0%.

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

From 2012 to 2021, the average annual rate of growth in terms of value to Democratic Republic of the Congo totaled -21.8%.

Export Prices by Country

The average export price for condensed or evaporated milk (unsweetened) stood at $X per ton in 2021, increasing by 2.7% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.9%. The growth pace was the most rapid in 2020 when the average export price increased by 4.8%. Over the period under review, the average export prices reached the maximum in 2021 and is expected to retain growth in the near future.

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 2021, the rate of growth in terms of prices for Panama amounted to +42.3% per year.

Imports of Condensed Or Evaporated Milk (Unsweetened)

Imports into Angola

After two years of decline, overseas purchases of condensed or evaporated milk (unsweetened) increased by 37% to X tons in 2021. Over the period under review, imports, however, saw a deep slump. The pace of growth was the most pronounced in 2016 when imports increased by 364% against the previous year. Over the period under review, imports hit record highs at X tons in 2018; however, from 2019 to 2021, imports remained at a lower figure.

In value terms, unsweetened condensed and evaporated milk imports skyrocketed to $X in 2021. In general, imports, however, recorded a noticeable curtailment. The growth pace was the most rapid in 2018 when imports increased by 566%. As a result, imports attained the peak of $X. From 2019 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2021, Ireland (X tons) constituted the largest unsweetened condensed and evaporated milk supplier to Angola, accounting for a 35% share of total imports. Moreover, unsweetened condensed and evaporated milk imports from Ireland exceeded the figures recorded by the second-largest supplier, Brazil (X tons), threefold. New Zealand (X tons) ranked third in terms of total imports with a 10% share.

From 2012 to 2021, the average annual growth rate of volume from Ireland stood at +68.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (-23.6% per year) and New Zealand (+531.4% per year).

In value terms, Ireland ($X) constituted the largest supplier of condensed or evaporated milk (unsweetened) to Angola, comprising 31% of total imports. The second position in the ranking was taken by Malaysia ($X), with a 15% share of total imports. It was followed by New Zealand, with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Ireland totaled +48.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (+8.4% per year) and New Zealand (+851.1% per year).

Import Prices by Country

In 2021, the average import price for condensed or evaporated milk (unsweetened) amounted to $X per ton, growing by 33% against the previous year. Overall, import price indicated a strong expansion from 2012 to 2021: its price increased at an average annual rate of +6.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, unsweetened condensed and evaporated milk import price increased by +123.7% against 2017 indices. The pace of growth appeared the most rapid in 2018 when the average import price increased by 54% against the previous year. Over the period under review, average import prices hit record highs in 2021 and is expected to retain growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by New Zealand (+50.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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