Angola: Frozen Crustaceans Market 2024

Frozen Crustaceans Market Size in Angola

The Angolan frozen crustaceans market contracted sharply to $X in 2022, reducing by X% against the previous year. Over the period under review, consumption recorded a slight slump. Frozen crustaceans consumption peaked at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Frozen Crustaceans Production in Angola

In value terms, frozen crustaceans production reached $X in 2022 estimated in export price. In general, the total production indicated a noticeable increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by X% against 2018 indices. The most prominent rate of growth was recorded in 2016 when the production volume increased by X%. Frozen crustaceans production peaked at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

Frozen Crustaceans Exports

Exports from Angola

In 2022, approx. X tons of frozen crustaceans were exported from Angola; picking up by X% against the year before. In general, exports showed significant growth. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in the near future.

In value terms, frozen crustaceans exports soared to $X in 2022. Over the period under review, exports recorded a significant increase. The most prominent rate of growth was recorded in 2016 with an increase of X%. The exports peaked in 2022 and are likely to see gradual growth in years to come.

Exports by Country

Spain (X tons) was the main destination for frozen crustaceans exports from Angola, with a X% share of total exports. Moreover, frozen crustaceans exports to Spain exceeded the volume sent to the second major destination, China (X tons), fivefold. Portugal (X tons) ranked third in terms of total exports with an X% share.

From 2015 to 2022, the average annual rate of growth in terms of volume to Spain amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (X% per year) and Portugal (X% per year).

In value terms, Spain ($X) emerged as the key foreign market for frozen crustaceans exports from Angola, comprising X% of total exports. The second position in the ranking was held by Portugal ($X), with a X% share of total exports. It was followed by China, with a X% share.

From 2015 to 2022, the average annual rate of growth in terms of value to Spain stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Portugal (X% per year) and China (X% per year).

Export Prices by Country

The average frozen crustaceans export price stood at $X per ton in 2022, picking up by X% against the previous year. Overall, export price indicated a tangible increase from 2015 to 2022: its price increased at an average annual rate of X% over the last seven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, frozen crustaceans export price decreased by X% against 2020 indices. 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 hit record highs at $X per ton in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Portugal ($X per ton), while the average price for exports to Japan ($X per ton) was amongst the lowest.

From 2015 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Portugal (X%), while the prices for the other major destinations experienced mixed trend patterns.

Frozen Crustaceans Imports

Imports into Angola

In 2022, after seven years of decline, there was significant growth in purchases abroad of frozen crustaceans, when their volume increased by X% to X tons. Overall, imports, however, showed a dramatic shrinkage. The pace of growth was the most pronounced in 2014 with an increase of X%. As a result, imports attained the peak of X tons. From 2015 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, frozen crustaceans imports skyrocketed to $X in 2022. Over the period under review, imports, however, showed a precipitous shrinkage. Imports peaked at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

Vietnam (X tons), Portugal (X tons) and Argentina (X tons) were the main suppliers of frozen crustaceans imports to Angola, together accounting for 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 Argentina (with a CAGR of X%), while imports for the other leaders experienced mixed trend patterns.

In value terms, Vietnam ($X), Portugal ($X) and Argentina ($X) were the largest frozen crustaceans suppliers to Angola, with a combined X% share of total imports.

Argentina, with a CAGR of X%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2022, the average frozen crustaceans import price amounted to $X per ton, picking up by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. Over the period under review, average import prices attained the maximum at $X per ton in 2018; however, from 2019 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was India ($X per ton), while the price for South Africa ($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 States (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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