Angola: Market for Powdered, Evaporated And Condensed Milk 2024

Market Size for Powdered, Evaporated And Condensed Milk in Angola

After two years of decline, the Angolan market for powdered, evaporated and condensed milk increased by X% to $X in 2022. Over the period under review, consumption, however, continues to indicate a perceptible curtailment. Powdered, evaporated and condensed milk consumption peaked at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Production of Powdered, Evaporated And Condensed Milk in Angola

In value terms, powdered, evaporated and condensed milk production totaled $X in 2022 estimated in export price. In general, production continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 with a decrease of X%. Powdered, evaporated and condensed milk production peaked in 2022 and is likely to continue growth in years to come.

Exports of Powdered, Evaporated And Condensed Milk

Exports from Angola

In 2022, shipments abroad of powdered, evaporated and condensed milk decreased by X% to X tons, falling for the third consecutive year after two years of growth. In general, exports saw a abrupt slump. The pace of growth was the most pronounced in 2018 with an increase of X%. The exports peaked at X tons in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

In value terms, powdered, evaporated and condensed milk exports contracted significantly to $X in 2022. Overall, exports saw a sharp contraction. The most prominent rate of growth was recorded in 2018 with an increase of X%. The exports peaked at $X in 2019; however, from 2020 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 powdered, evaporated and condensed milk exports from Angola, with a X% share of total exports. Moreover, powdered, evaporated and condensed milk exports to Democratic Republic of the Congo exceeded the volume sent to the second major destination, Mali (X tons), twofold.

From 2012 to 2022, the average annual growth rate of volume to Democratic Republic of the Congo stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mali (X% per year) and Cuba (X% per year).

In value terms, Democratic Republic of the Congo ($X) remains the key foreign market for powdered, evaporated and condensed milk exports from Angola, comprising X% of total exports. The second position in the ranking was held by Mali ($X), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Democratic Republic of the Congo totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mali (X% per year) and Cuba (X% per year).

Export Prices by Country

In 2022, the average export price for powdered, evaporated and condensed milk amounted to $X per ton, reducing by X% against the previous year. Overall, the export price continues to indicate a deep contraction. 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 peak figure at $X per ton in 2013; however, from 2014 to 2022, 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 Cuba ($X per ton), while the average price for exports to Mali ($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 Democratic Republic of the Congo (X%).

Imports of Powdered, Evaporated And Condensed Milk

Imports into Angola

In 2022, purchases abroad of powdered, evaporated and condensed milk increased by X% to X tons for the first time since 2019, thus ending a two-year declining trend. Overall, imports, however, showed a pronounced contraction. The pace of growth was the most pronounced in 2018 with an increase of X%. Imports peaked at X tons in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, powdered, evaporated and condensed milk imports soared to $X in 2022. In general, imports, however, continue to indicate a abrupt slump. The pace of growth was the most pronounced in 2018 with an increase of X%. Over the period under review, imports reached the maximum at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

Malaysia (X tons), Portugal (X tons) and the United Arab Emirates (X tons) were the main suppliers of powdered, evaporated and condensed milk imports to Angola, together comprising X% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the United Arab Emirates (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest powdered, evaporated and condensed milk suppliers to Angola were Malaysia ($X), the United Arab Emirates ($X) and the Netherlands ($X), together comprising X% of total imports.

Among the main suppliers, the United Arab Emirates, with a CAGR of X%, saw the highest rates of growth with regard to 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 import price for powdered, evaporated and condensed milk stood at $X per ton in 2022, increasing by X% against the previous year. Over the period under review, the import price, however, showed a slight reduction. The pace of growth was the most pronounced in 2018 an increase of X%. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

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 the Netherlands ($X per ton), while the price for Brazil ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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