Angola: Frozen Whole Fish Market 2024

Frozen Whole Fish Market Size in Angola

In 2021, the Angolan frozen whole fish market decreased by -5.7% to $X for the first time since 2018, thus ending a two-year rising trend. In general, consumption, however, saw strong growth. Over the period under review, the market attained the maximum level at $X in 2020, and then fell in the following year.

Frozen Whole Fish Production in Angola

In value terms, frozen whole fish production dropped modestly to $X in 2021 estimated in export price. In general, production, however, saw a strong expansion. The pace of growth was the most pronounced in 2015 when the production volume increased by 158%. Frozen whole fish production peaked at $X in 2020, and then fell modestly in the following year.

Frozen Whole Fish Exports

Exports from Angola

In 2021, after two years of decline, there was significant growth in shipments abroad of frozen whole fish, when their volume increased by 11% to X tons. In general, exports enjoyed buoyant growth. The most prominent rate of growth was recorded in 2015 with an increase of 1,884% against the previous year. The exports peaked at X tons in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

In value terms, frozen whole fish exports contracted to $X in 2021. Over the period under review, exports showed a resilient expansion. The pace of growth was the most pronounced in 2015 when exports increased by 884%. Over the period under review, the exports reached the peak figure at $X in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

Exports by Country

Benin (X tons) was the main destination for frozen whole fish exports from Angola, with a 47% share of total exports. Moreover, frozen whole fish exports to Benin exceeded the volume sent to the second major destination, Malaysia (X tons), twofold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Benin totaled +30.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Malaysia (+73.6% per year) and Togo (-3.3% per year).

In value terms, Benin ($X), Malaysia ($X) and Togo ($X) appeared to be the largest markets for frozen whole fish exported from Angola worldwide, together comprising 69% of total exports.

Among the main countries of destination, Malaysia, with a CAGR of +58.0%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average frozen whole fish export price stood at $X per ton in 2021, falling by -20.8% against the previous year. In general, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the average export price increased by 81% against the previous year. As a result, the export price reached the peak level of $X per ton, and then declined rapidly in the following year.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Malaysia ($X per ton), while the average price for exports to Togo ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Benin (+4.6%), while the prices for the other major destinations experienced more modest paces of growth.

Frozen Whole Fish Imports

Imports into Angola

In 2021, supplies from abroad of frozen whole fish decreased by -71.6% to X tons, falling for the second year in a row after two years of growth. In general, imports saw a sharp curtailment. The most prominent rate of growth was recorded in 2016 when imports increased by 103%. Imports peaked at X tons in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

In value terms, frozen whole fish imports contracted dramatically to $X in 2021. Over the period under review, imports continue to indicate a sharp reduction. The most prominent rate of growth was recorded in 2016 with an increase of 79% against the previous year. Over the period under review, imports attained the maximum at $X in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Argentina (X tons) constituted the largest supplier of frozen whole fish to Angola, accounting for a 27% share of total imports. Moreover, frozen whole fish imports from Argentina exceeded the figures recorded by the second-largest supplier, Uruguay (X tons), twofold. The third position in this ranking was held by Portugal (X tons), with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Argentina stood at -22.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Uruguay (-23.9% per year) and Portugal (-21.9% per year).

In value terms, Portugal ($X) constituted the largest supplier of frozen whole fish to Angola, comprising 28% of total imports. The second position in the ranking was held by Argentina ($X), with a 13% share of total imports. It was followed by Uruguay, with a 5.9% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Portugal amounted to -22.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Argentina (-28.1% per year) and Uruguay (-30.9% per year).

Import Prices by Country

The average frozen whole fish import price stood at $X per ton in 2021, picking up by 43% against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Spain (+9.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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