Angola: Market for Gingerbread, Sweet Biscuits and Waffles 2024

Market Size for Gingerbread, Sweet Biscuits and Waffles in Angola

The Angolan market for gingerbread, sweet biscuits and waffles declined slightly to $X in 2022, with a decrease of -4.2% against the previous year. In general, the total consumption indicated notable growth from 2012 to 2022: its value increased at an average annual rate of +4.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +3.7% against 2020 indices. Gingerbread, sweet biscuit and waffle consumption peaked at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Production of Gingerbread, Sweet Biscuits and Waffles in Angola

In value terms, gingerbread, sweet biscuit and waffle production declined to $X in 2022 estimated in export price. Over the period under review, the total production indicated a resilient expansion from 2012 to 2022: its value increased at an average annual rate of +6.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +2.2% against 2020 indices. The growth pace was the most rapid in 2014 when the production volume increased by 49%. Gingerbread, sweet biscuit and waffle production peaked at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

Exports of Gingerbread, Sweet Biscuits and Waffles

Exports from Angola

In 2022, after three years of decline, there was significant growth in shipments abroad of gingerbread, sweet biscuits and waffles, when their volume increased by 89% to X tons. In general, exports, however, saw a deep slump. The growth pace was the most rapid in 2018 with an increase of 774% against the previous year. The exports peaked at X tons in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

In value terms, gingerbread, sweet biscuit and waffle exports surged to $X in 2022. Over the period under review, exports, however, recorded a abrupt decrease. The pace of growth appeared the most rapid in 2018 when exports increased by 770% against the previous year. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Democratic Republic of the Congo (X tons) was the main destination for gingerbread, sweet biscuit and waffle exports from Angola, accounting for a 93% share of total exports. It was followed by Namibia (X kg), with a 2.6% share of total exports. Congo (X kg) ranked third in terms of total exports with a 2.1% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Democratic Republic of the Congo stood at -17.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Namibia (+33.1% per year) and Congo (+19.8% per year).

In value terms, Democratic Republic of the Congo ($X) remains the key foreign market for gingerbread, sweet biscuits and waffles exports from Angola, comprising 91% of total exports. The second position in the ranking was taken by Namibia ($X), with a 4.1% share of total exports. It was followed by Spain, with a 2.2% share.

From 2012 to 2022, the average annual growth rate of value to Democratic Republic of the Congo stood at -17.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Namibia (+9.4% per year) and Spain (+22.5% per year).

Export Prices by Country

The average export price for gingerbread, sweet biscuits and waffles stood at $X per ton in 2022, shrinking by -8% against the previous year. Overall, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the average export price increased by 71%. As a result, the export price reached the peak level of $X per ton. From 2015 to 2022, the average export prices remained at a 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 Namibia ($X per ton), while the average price for exports to Congo ($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 Democratic Republic of the Congo (-0.0%), while the prices for the other major destinations experienced a decline.

Imports of Gingerbread, Sweet Biscuits and Waffles

Imports into Angola

In 2022, gingerbread, sweet biscuit and waffle imports into Angola fell markedly to X tons, declining by -22.1% compared with the year before. Overall, imports saw a noticeable shrinkage. The pace of growth appeared the most rapid in 2021 when imports increased by 68% against the previous year. Over the period under review, imports hit record highs at X tons in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

In value terms, gingerbread, sweet biscuit and waffle imports dropped notably to $X in 2022. In general, imports continue to indicate a abrupt decline. The most prominent rate of growth was recorded in 2021 when imports increased by 59%. Imports peaked at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, India (X tons) constituted the largest gingerbread, sweet biscuit and waffle supplier to Angola, accounting for a 59% share of total imports. Moreover, gingerbread, sweet biscuit and waffle imports from India exceeded the figures recorded by the second-largest supplier, Brazil (X tons), threefold. Portugal (X tons) ranked third in terms of total imports with a 3.7% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from India stood at -2.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (-4.5% per year) and Portugal (-6.8% per year).

In value terms, the largest gingerbread, sweet biscuit and waffle suppliers to Angola were India ($X), Brazil ($X) and Portugal ($X), together accounting for 80% of total imports. Indonesia, Argentina and Iraq lagged somewhat behind, together comprising a further 7%.

Indonesia, with a CAGR of +32.4%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average import price for gingerbread, sweet biscuits and waffles stood at $X per ton in 2022, surging by 4.5% against the previous year. Over the period under review, the import price, however, showed a noticeable curtailment. The growth pace was the most rapid in 2019 an increase of 12%. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

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 Portugal ($X per ton), while the price for Iraq ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (-0.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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