Angola: Frozen Vegetable Market 2024

Frozen Vegetable Market Size in Angola

The Angolan frozen vegetable market expanded notably to $X in 2022, with an increase of X% against the previous year. Overall, the total consumption indicated a strong 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, consumption decreased by X% against 2020 indices. Over the period under review, the market attained the maximum level at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Frozen Vegetable Production in Angola

In value terms, frozen vegetable production amounted to $X in 2022 estimated in export price. Over the period under review, production showed a resilient increase. The most prominent rate of growth was recorded in 2016 when the production volume increased by X%. Frozen vegetable production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Frozen Vegetable Exports

Exports from Angola

Frozen vegetable exports from Angola contracted rapidly to X tons in 2022, declining by X% on 2021 figures. Over the period under review, exports, however, enjoyed significant growth. The most prominent rate of growth was recorded in 2015 with an increase of X%. The exports peaked at X tons in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, frozen vegetable exports reduced notably to $X in 2022. Overall, exports, however, showed a significant increase. The most prominent rate of growth was recorded in 2019 when exports increased by X%. As a result, the exports attained the peak of $X. From 2020 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Panama (X tons), Democratic Republic of the Congo (X tons) and Liberia (X tons) were the main destinations of frozen vegetable exports from Angola, together comprising X% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Liberia (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Panama ($X) emerged as the key foreign market for frozen vegetables exports from Angola, comprising X% of total exports. The second position in the ranking was held by Democratic Republic of the Congo ($X), with a X% share of total exports. It was followed by Liberia, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Panama amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Democratic Republic of the Congo (X% per year) and Liberia (X% per year).

Export Prices by Country

The average frozen vegetable export price stood at $X per ton in 2022, surging by X% against the previous year. Over the period under review, the export price, however, saw a noticeable decline. The most prominent rate of growth was recorded in 2020 an increase of X% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Malta ($X per ton), while the average price for exports to Democratic Republic of the Congo ($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 Malta (X%), while the prices for the other major destinations experienced more modest paces of growth.

Frozen Vegetable Imports

Imports into Angola

In 2022, the amount of frozen vegetables imported into Angola declined markedly to X tons, shrinking by X% compared with the previous year. In general, imports recorded a noticeable curtailment. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Over the period under review, imports attained the maximum at X tons in 2014; however, from 2015 to 2022, imports remained at a lower figure.

In value terms, frozen vegetable imports surged to $X in 2022. Overall, imports saw a abrupt setback. Imports peaked at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Belgium (X tons) constituted the largest supplier of frozen vegetable to Angola, accounting for a X% share of total imports. Moreover, frozen vegetable imports from Belgium exceeded the figures recorded by the second-largest supplier, Portugal (X tons), twofold. Lebanon (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual growth rate of volume from Belgium stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Portugal (X% per year) and Lebanon (X% per year).

In value terms, the largest frozen vegetable suppliers to Angola were Belgium ($X), Portugal ($X) and South Africa ($X), with a combined X% share of total imports. Spain, Lebanon, Namibia and China lagged somewhat behind, together accounting for a further X%.

Among the main suppliers, Lebanon, with a CAGR of X%, recorded the highest rates of growth with regard to 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

In 2022, the average frozen vegetable import price amounted to $X per ton, increasing by X% against the previous year. Over the period under review, the import price, however, continues to indicate a noticeable reduction. Over the period under review, average import prices reached the peak figure at $X per ton in 2017; however, from 2018 to 2022, import prices remained at a 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 Spain ($X per ton), while the price for Lebanon ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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