Angola: Egg Product Market 2024

Egg Product Market Size in Angola

The Angolan egg product market totaled $X in 2021, surging by 3.4% against the previous year. In general, consumption recorded a strong increase. Egg product consumption peaked at $X in 2019; however, from 2020 to 2021, consumption remained at a lower figure.

Egg Product Production in Angola

In value terms, egg product production expanded slightly to $X in 2021 estimated in export price. Over the period under review, production recorded a resilient increase. The pace of growth appeared the most rapid in 2019 when the production volume increased by 89%. As a result, production attained the peak level of $X. From 2020 to 2021, production growth remained at a somewhat lower figure.

Egg Product Exports

Exports from Angola

In 2021, overseas shipments of egg products decreased by -26.1% to X tons, falling for the second year in a row after two years of growth. Over the period under review, exports saw a abrupt descent. The growth pace was the most rapid in 2019 with an increase of 277% against the previous year. As a result, the exports reached the peak of X tons. From 2020 to 2021, the growth of the exports failed to regain momentum.

In value terms, egg product exports contracted significantly to $X in 2021. In general, exports, however, saw a resilient expansion. The most prominent rate of growth was recorded in 2019 when exports increased by 397%. As a result, the exports attained the peak of $X. From 2020 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Spain (X tons) was the main destination for egg product exports from Angola, with a 84% share of total exports. Moreover, egg product exports to Spain exceeded the volume sent to the second major destination, Democratic Republic of the Congo (X kg), fivefold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Spain stood at -6.9%.

In value terms, Spain ($X) emerged as the key foreign market for egg products exports from Angola, comprising 77% of total exports. The second position in the ranking was taken by Democratic Republic of the Congo ($X), with a 14% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Spain stood at +10.9%.

Export Prices by Country

The average egg product export price stood at $X per ton in 2021, dropping by -15.5% against the previous year. In general, the export price, however, enjoyed a significant increase. The most prominent rate of growth was recorded in 2020 an increase of 142% against the previous year. As a result, the export price reached the peak level of $X per ton, and then fell rapidly in the following year.

Average prices varied noticeably for the major export markets. In 2021, the country with the highest price was Spain ($X per ton), while the average price for exports to Democratic Republic of the Congo totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Namibia (+71.4%), while the prices for the other major destinations experienced more modest paces of growth.

Egg Product Imports

Imports into Angola

In 2021, imports of egg products into Angola fell remarkably to X tons, waning by -20.9% compared with 2020. In general, imports continue to indicate a slight decline. The pace of growth was the most pronounced in 2020 with an increase of 563%. Over the period under review, imports reached the maximum at X tons in 2013; however, from 2014 to 2021, imports failed to regain momentum.

In value terms, egg product imports fell to $X in 2021. Overall, imports, however, saw a remarkable increase. The growth pace was the most rapid in 2020 with an increase of 706%. Over the period under review, imports attained the peak figure at $X in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, South Africa (X tons) constituted the largest supplier of egg product to Angola, accounting for a 51% share of total imports. Moreover, egg product imports from South Africa exceeded the figures recorded by the second-largest supplier, Belgium (X tons), fourfold. The third position in this ranking was held by Spain (X tons), with a 10% share.

From 2012 to 2021, the average annual growth rate of volume from South Africa amounted to -7.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (+39.7% per year) and Spain (+17.5% per year).

In value terms, Spain ($X), Belgium ($X) and South Africa ($X) constituted the largest egg product suppliers to Angola, together comprising 50% of total imports. India, Portugal, Italy and Namibia lagged somewhat behind, together accounting for a further 24%.

India, with a CAGR of +249.9%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average egg product import price stood at $X per ton in 2021, rising by 22% against the previous year. In general, import price indicated prominent growth from 2012 to 2021: its price increased at an average annual rate of +8.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, egg product import price increased by +73.5% against 2018 indices. The most prominent rate of growth was recorded in 2014 when the average import price increased by 34% against the previous year. The import price peaked in 2021 and is likely to see steady growth in the immediate term.

Prices varied noticeably country of origin: the country with the highest price was Spain ($X per ton), while the price for South Africa ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Portugal (+18.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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