Angola: Market for Fresh Or Chilled Pig Meat Other Than Cuts Or Carcases 2024

Market Size for Fresh Or Chilled Pig Meat Other Than Cuts Or Carcases in Angola

The Angolan market for fresh or chilled pig meat other than cuts or carcases shrank markedly to $X in 2022, with a decrease of -39.7% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption, however, continues to indicate a strong increase. Consumption of peaked at $X in 2014; however, from 2015 to 2022, consumption remained at a lower figure.

Exports of Fresh Or Chilled Pig Meat Other Than Cuts Or Carcases

Exports from Angola

Exports of fresh or chilled pig meat other than cuts or carcases from Angola skyrocketed to X tons in 2022, rising by 160% against the previous year. Over the period under review, exports saw strong growth. The pace of growth appeared the most rapid in 2017 with an increase of 270% against the previous year. The exports peaked at X tons in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

In value terms, exports of fresh or chilled pig meat other than cuts or carcases soared to $X in 2022. In general, exports recorded a significant expansion. The growth pace was the most rapid in 2017 when exports increased by 507% against the previous year. Over the period under review, the exports of reached the maximum at $X in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Spain (X tons) was the main destination for exports of fresh or chilled pig meat other than cuts or carcases from Angola, accounting for a 73% share of total exports. Moreover, exports of fresh or chilled pig meat other than cuts or carcases to Spain exceeded the volume sent to the second major destination, Democratic Republic of the Congo (X kg), threefold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Spain amounted to +37.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Democratic Republic of the Congo (-2.6% per year) and Antigua and Barbuda (-11.0% per year).

In value terms, Spain ($X) remains the key foreign market for fresh or chilled pig meat other than cuts or carcases exports from Angola, comprising 91% of total exports. The second position in the ranking was taken by Democratic Republic of the Congo ($X), with a 9.2% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Spain totaled +38.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Democratic Republic of the Congo (+25.5% per year) and Antigua and Barbuda (-19.6% per year).

Export Prices by Country

The average export price for fresh or chilled pig meat other than cuts or carcases stood at $X per ton in 2022, growing by 85% against the previous year. Over the period under review, the export price showed a significant expansion. The growth pace was the most rapid in 2019 when the average export price increased by 98%. As a result, the export price attained the peak level of $X per ton. From 2020 to 2022, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Spain ($X per ton), while the average price for exports to Antigua and Barbuda ($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 Namibia (+78.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Fresh Or Chilled Pig Meat Other Than Cuts Or Carcases

Imports into Angola

In 2022, imports of fresh or chilled pig meat other than cuts or carcases into Angola dropped rapidly to X tons, declining by -39.9% on the previous year's figure. In general, imports, however, continue to indicate a strong increase. The most prominent rate of growth was recorded in 2013 with an increase of 761%. Over the period under review, imports of hit record highs at X tons in 2014; however, from 2015 to 2022, imports failed to regain momentum.

In value terms, imports of fresh or chilled pig meat other than cuts or carcases dropped dramatically to $X in 2022. Overall, imports, however, posted notable growth. The most prominent rate of growth was recorded in 2013 when imports increased by 730% against the previous year. Over the period under review, imports of reached the maximum at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Italy (X tons) constituted the largest supplier of fresh pork other than cuts or carcases to Angola, with a 59% share of total imports. Moreover, imports of fresh or chilled pig meat other than cuts or carcases from Italy exceeded the figures recorded by the second-largest supplier, Brazil (X tons), fivefold. Congo (X tons) ranked third in terms of total imports with a 12% share.

From 2012 to 2022, the average annual growth rate of volume from Italy amounted to +20.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (+2.1% per year) and Congo (+25.8% per year).

In value terms, Italy ($X), Brazil ($X) and Congo ($X) constituted the largest fresh pork other than cuts or carcases suppliers to Angola, with a combined 87% share of total imports. The Netherlands, Canada, Poland, Spain and Portugal lagged somewhat behind, together accounting for a further 12%.

Among the main suppliers, the Netherlands, with a CAGR of +34.3%, recorded the highest growth rate of 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 fresh or chilled pig meat other than cuts or carcases stood at $X per ton in 2022, growing by 2.1% against the previous year. Overall, the import price, however, showed a pronounced curtailment. The growth pace was the most rapid in 2015 when the average import price increased by 29%. As a result, import price reached the peak level of $X per ton. From 2016 to 2022, the average 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 ($X per ton), while the price for Congo ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (+11.2%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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