Angola: Market for Fish Fats And Oils 2025

Market Size for Fish Fats And Oils in Angola

In 2022, the Angolan fish fat and oil market increased by 0.4% to $X, rising for the second consecutive year after two years of decline. The market value increased at an average annual rate of +2.7% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Fish fat and oil consumption peaked at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Production of Fish Fats And Oils in Angola

In value terms, fish fat and oil production reduced slightly to $X in 2022 estimated in export price. In general, production continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when the production volume increased by 51%. As a result, production reached the peak level of $X. From 2018 to 2022, production growth remained at a lower figure.

Exports of Fish Fats And Oils

Exports from Angola

In 2022, the amount of fish fats and oils exported from Angola contracted markedly to X tons, which is down by -49.4% against 2021 figures. Over the period under review, exports faced a abrupt setback. The pace of growth was the most pronounced in 2021 with an increase of 176% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

In value terms, fish fat and oil exports fell sharply to $X in 2022. In general, exports showed a dramatic decrease. The most prominent rate of growth was recorded in 2021 when exports increased by 144% against the previous year. The exports peaked at $X in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

Exports by Country

Chile (X tons) was the main destination for fish fat and oil exports from Angola, accounting for a 82% share of total exports. Moreover, fish fat and oil exports to Chile exceeded the volume sent to the second major destination, China (X tons), fivefold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Chile amounted to +2.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (-13.5% per year) and Namibia (-45.2% per year).

In value terms, Chile ($X) remains the key foreign market for fish fats and oils exports from Angola, comprising 83% of total exports. The second position in the ranking was taken by China ($X), with a 16% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Chile stood at -13.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (-24.8% per year) and Namibia (-48.5% per year).

Export Prices by Country

In 2022, the average fish fat and oil export price amounted to $X per ton, dropping by -9.6% against the previous year. Over the period under review, the export price continues to indicate a abrupt curtailment. The most prominent rate of growth was recorded in 2014 when the average export price increased by 17%. As a result, the export price attained the peak level of $X per ton. From 2015 to 2022, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Chile ($X per ton), while the average price for exports to Namibia ($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 Peru (+232.2%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Fish Fats And Oils

Imports into Angola

In 2022, approx. X kg of fish fats and oils were imported into Angola; dropping by -9.6% against the previous year's figure. Over the period under review, imports recorded a dramatic slump. The pace of growth was the most pronounced in 2020 with an increase of 198% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, fish fat and oil imports dropped to $X in 2022. Overall, imports showed a dramatic contraction. The growth pace was the most rapid in 2020 with an increase of 334%. Imports peaked at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Brazil (X kg) constituted the largest fish fat and oil supplier to Angola, with a 48% share of total imports. Moreover, fish fat and oil imports from Brazil exceeded the figures recorded by the second-largest supplier, Portugal (X kg), threefold.

From 2012 to 2022, the average annual rate of growth in terms of volume from Brazil stood at -18.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Portugal (-28.2% per year) and Namibia (-16.9% per year).

In value terms, Portugal ($X) constituted the largest supplier of fish fats and oils to Angola, comprising 41% of total imports. The second position in the ranking was held by Namibia ($X), with a 12% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from Portugal totaled -25.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Namibia (-9.5% per year) and Brazil (-26.8% per year).

Import Prices by Country

The average fish fat and oil import price stood at $X per ton in 2022, growing by 3.2% against the previous year. Overall, the import price showed a relatively flat trend pattern. The growth pace was the most rapid in 2020 when the average import price increased by 45% against the previous year. Over the period under review, average import prices attained the peak figure in 2022 and is likely to see steady growth in the near future.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (+80.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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