Angola: Frozen Yellowfin Tuna Market 2022

Frozen Yellowfin Tuna Market Size in Angola

The Angolan frozen yellowfin tuna market was estimated at $X in 2019, remaining relatively unchanged against the previous year. In general, consumption showed a relatively flat trend pattern. Over the period under review, the market attained the maximum level at $X in 2014; afterwards, it flattened through to 2019.

Frozen Yellowfin Tuna Production in Angola

In value terms, frozen yellowfin tuna production reached $X in 2020 estimated in export prices. Overall, production recorded a buoyant increase. The most prominent rate of growth was recorded in 2019 with an increase of X% y-o-y. Over the period under review, production hit record highs in 2020 and is likely to see gradual growth in years to come.

Frozen Yellowfin Tuna Exports

Exports from Angola

For the fourth year in a row, Angola recorded growth in shipments abroad of frozen yellowfin tuna, which increased by X% to X tons in 2020. Overall, exports continue to indicate prominent growth. The most prominent rate of growth was recorded in 2019 when exports increased by X% against the previous year. Exports peaked in 2020 and are expected to retain growth in the immediate term.

In value terms, frozen yellowfin tuna exports totaled $X in 2020. Over the period under review, exports saw a remarkable increase. The growth pace was the most rapid in 2019 when exports increased by X% y-o-y. Over the period under review, exports hit record highs in 2020 and are likely to see gradual growth in years to come.

Exports by Country

Spain (X tons) was the main destination for frozen yellowfin tuna exports from Angola, with a approx. X% share of total exports.

From 2007 to 2020, the average annual growth rate of volume to Spain totaled +X%.

In value terms, Spain ($X) also remains the key foreign market for frozen yellowfin tuna exports from Angola.

From 2007 to 2020, the average annual growth rate of value to Spain stood at +X%.

Export Prices by Country

In 2020, the average frozen yellowfin tuna export price amounted to $X per ton, leveling off at the previous year. In general, export price indicated measured growth from 2007 to 2020: its price increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, frozen yellowfin tuna export price decreased by -X% against 2017 indices. The pace of growth was the most pronounced in 2015 when the average export price increased by X% y-o-y. The export price peaked at $X per ton in 2017; however, from 2018 to 2020, export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for Spain.

From 2007 to 2020, the rate of growth in terms of prices for Spain amounted to +X% per year.

Frozen Yellowfin Tuna Imports

Imports into Angola

In 2020, the amount of frozen yellowfin tuna imported into Angola expanded notably to X tons, growing by X% on the previous year's figure. Overall, imports posted a buoyant expansion. The growth pace was the most rapid in 2012 when imports increased by X% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2014; however, from 2015 to 2020, imports remained at a lower figure.

In value terms, frozen yellowfin tuna imports totaled $X in 2020. Over the period under review, imports showed a resilient increase. The pace of growth was the most pronounced in 2012 with an increase of X% year-to-year. Imports peaked at $X in 2014; however, from 2015 to 2020, imports failed to regain the momentum.

Imports by Country

In 2020, Portugal (X kg) constituted the largest frozen yellowfin tuna supplier to Angola, accounting for a X% share of total imports. Moreover, frozen yellowfin tuna imports from Portugal exceeded the figures recorded by the second-largest supplier, the Netherlands (X kg), threefold.

From 2007 to 2020, the average annual rate of growth in terms of volume from Portugal stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+X% per year) and South Africa (-X% per year).

In value terms, Portugal ($X), the Netherlands ($X) and South Africa ($X) were the largest frozen yellowfin tuna suppliers to Angola.

In terms of the main suppliers, Portugal 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 2020, the average frozen yellowfin tuna import price amounted to $X per ton, increasing by X% against the previous year. Over the period under review, import price indicated notable growth from 2007 to 2020: its price increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, frozen yellowfin tuna import price increased by +X% against 2018 indices. The growth pace was the most rapid in 2015 an increase of X% year-to-year. As a result, import price attained the peak level of $X per ton. from 2016 to 2020, the growth in terms of the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2020, the country with the highest price was South Africa ($X per ton), while the price for Portugal ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by South Africa, while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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