Angola: Market for Frozen Vegetables other than Potato and Corn 2024

Market Size for Frozen Vegetables other than Potato and Corn in Angola

The Angolan market for frozen vegetables other than potato and corn fell sharply to $X in 2022, waning by -18.7% 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). In general, consumption saw a mild downturn. Over the period under review, the market attained the peak level at $X in 2014; however, from 2015 to 2022, consumption stood at a somewhat lower figure.

Exports of Frozen Vegetables other than Potato and Corn

Exports from Angola

In 2022, shipments abroad of frozen vegetables other than potato and corn decreased by -16.7% to X tons for the first time since 2016, thus ending a five-year rising trend. Over the period under review, exports, however, showed a significant expansion. The most prominent rate of growth was recorded in 2017 when exports increased by 298% against the previous year. The exports peaked at X tons in 2021, and then shrank dramatically in the following year.

In value terms, exports of frozen vegetables other than potato and corn shrank remarkably to $X in 2022. In general, exports, however, enjoyed a significant increase. The pace of growth appeared the most rapid in 2017 when exports increased by 252%. The exports peaked at $X in 2021, and then shrank significantly in the following year.

Exports by Country

Namibia (X tons) was the main destination for exports of frozen vegetables other than potato and corn from Angola, accounting for a 63% share of total exports. Moreover, exports of frozen vegetables other than potato and corn to Namibia exceeded the volume sent to the second major destination, Portugal (X tons), twofold. The third position in this ranking was held by Democratic Republic of the Congo (X tons), with a 5% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Namibia amounted to +69.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Portugal (+15.9% per year) and Democratic Republic of the Congo (+20.4% per year).

In value terms, the largest markets for frozen vegetables other than potato and corn exported from Angola were Spain ($X), Portugal ($X) and Namibia ($X), with a combined 91% share of total exports.

In terms of the main countries of destination, Namibia, with a CAGR of +53.4%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average export price for frozen vegetables other than potato and corn amounted to $X per ton, which is down by -8.2% against the previous year. Over the period under review, the export price recorded a perceptible slump. The most prominent rate of growth was recorded in 2021 when the average export price increased by 22% against the previous year. Over the period under review, the average export prices attained the maximum at $X per ton in 2015; however, from 2016 to 2022, the export prices stood at a somewhat 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 ($X per ton), while the average price for exports to Namibia ($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 Spain (+22.5%), while the prices for the other major destinations experienced a decline.

Imports of Frozen Vegetables other than Potato and Corn

Imports into Angola

Imports of frozen vegetables other than potato and corn into Angola fell remarkably to X tons in 2022, waning by -17.9% compared with the previous year. Over the period under review, total imports indicated a slight expansion from 2012 to 2022: its volume increased at an average annual rate of +1.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +35.9% against 2020 indices. The most prominent rate of growth was recorded in 2018 with an increase of 94% against the previous year. Over the period under review, imports of hit record highs at X tons in 2021, and then shrank dramatically in the following year.

In value terms, imports of frozen vegetables other than potato and corn declined sharply to $X in 2022. Overall, imports continue to indicate a pronounced decline. The growth pace was the most rapid in 2021 when imports increased by 61%. Imports peaked at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Brazil (X tons) constituted the largest supplier of frozen vegetables other than potato and corn to Angola, accounting for a 36% share of total imports. Moreover, imports of frozen vegetables other than potato and corn from Brazil exceeded the figures recorded by the second-largest supplier, Belgium (X tons), twofold. The third position in this ranking was held by China (X tons), with a 17% share.

From 2012 to 2022, the average annual growth rate of volume from Brazil amounted to +52.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (-0.3% per year) and China (-2.1% per year).

In value terms, the largest frozen vegetables other than potato and corn suppliers to Angola were Portugal ($X), Brazil ($X) and Belgium ($X), with a combined 68% share of total imports.

In terms of the main suppliers, Brazil, with a CAGR of +31.0%, 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 frozen vegetables other than potato and corn stood at $X per ton in 2022, standing approx. at the previous year. Overall, the import price saw a perceptible descent. The pace of growth was the most pronounced in 2016 an increase of 12% against the previous year. The import price peaked at $X per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Denmark (+0.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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