Angola: Frozen Lobster Market 2025

Frozen Lobster Market Size in Angola

The Angolan frozen lobster market declined to $X in 2022, which is down by -10.9% against the previous year. Overall, consumption, however, showed a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2016; however, from 2017 to 2022, consumption remained at a lower figure.

Frozen Lobster Production in Angola

In value terms, frozen lobster production dropped slightly to $X in 2022 estimated in export price. Overall, production, however, saw a abrupt decrease. The most prominent rate of growth was recorded in 2021 with an increase of 5.2% against the previous year. Frozen lobster production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Frozen Lobster Exports

Exports from Angola

In 2020, overseas shipments of frozen lobster decreased by 0% to X tons, falling for the second consecutive year after four years of growth. Over the period under review, exports recorded a significant expansion. The most prominent rate of growth was recorded in 2018 with an increase of 14% against the previous year. The exports peaked in 2020 and are expected to retain growth in the near future.

In value terms, frozen lobster exports totaled $X in 2020. Overall, exports continue to indicate a drastic downturn. The smallest decline of -3.1% was in 2018. The exports peaked at $X in 2015; however, from 2016 to 2020, the exports failed to regain momentum.

Exports by Country

Malaysia (X tons) and Singapore (X tons) were the main destinations of frozen lobster exports from Angola.

From 2017 to 2020, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Malaysia (with a CAGR of +0.9%).

From 2017 to 2020, the average annual growth rate of value to Singapore was relatively modest.

Export Prices by Country

The average frozen lobster export price stood at $X per ton in 2020, remaining relatively unchanged against the previous year. Over the period under review, the export price faced a precipitous contraction. The most prominent rate of growth was recorded in 2018 a decrease of -15%. The export price peaked at $X per ton in 2017; however, from 2018 to 2020, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2020, amid the top suppliers, the country with the highest price was Singapore ($X per ton), while the average price for exports to Malaysia amounted to $X per ton.

From 2017 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Malaysia (-65.0%).

Frozen Lobster Imports

Imports into Angola

For the third consecutive year, Angola recorded growth in supplies from abroad of frozen lobster, which increased by 2.4% to X tons in 2022. Overall, imports posted a buoyant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 5,145% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the near future.

In value terms, frozen lobster imports shrank markedly to $X in 2022. Over the period under review, imports posted a perceptible increase. The most prominent rate of growth was recorded in 2020 with an increase of 3,613% against the previous year. Imports peaked at $X in 2021, and then fell remarkably in the following year.

Imports by Country

Portugal (X tons), Belgium (X tons) and Namibia (X kg) were the main suppliers of frozen lobster imports to Angola, with a combined 95% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Namibia (with a CAGR of +26.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Namibia ($X), Portugal ($X) and South Africa ($X) were the largest frozen lobster suppliers to Angola, together accounting for 86% of total imports. Belgium and the Netherlands lagged somewhat behind, together comprising a further 13%.

In terms of the main suppliers, Belgium, with a CAGR of +13.2%, saw 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 frozen lobster import price stood at $X per ton in 2022, shrinking by -26.4% against the previous year. Over the period under review, the import price recorded a abrupt contraction. The pace of growth appeared the most rapid in 2016 an increase of 57%. As a result, import price reached the peak level of $X per ton. From 2017 to 2022, the average import prices remained 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 South Africa ($X per ton), while the price for Belgium ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Africa (+5.5%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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