Angola: Market for Grape Juice (Single Strength) 2024

Market Size for Grape Juice (Single Strength) in Angola

In 2021, the Angolan grape juice (single strength) market decreased by -13.7% to $X for the first time since 2018, thus ending a two-year rising trend. Over the period under review, consumption showed a slight reduction. Grape juice (single strength) consumption peaked at $X in 2014; however, from 2015 to 2021, consumption failed to regain momentum.

Production of Grape Juice (Single Strength) in Angola

In value terms, grape juice (single strength) production fell to $X in 2021 estimated in export price. Over the period under review, production, however, showed a significant expansion. The pace of growth was the most pronounced in 2018 when the production volume increased by 77%. Grape juice (single strength) production peaked at $X in 2020, and then reduced in the following year.

Exports of Grape Juice (Single Strength)

Exports from Angola

In 2021, shipments abroad of grape juice (single strength) decreased by -26% to X tons, falling for the second year in a row after eight years of growth. Overall, exports, however, enjoyed a significant expansion. The most prominent rate of growth was recorded in 2018 when exports increased by 176% against the previous year. The exports peaked at X tons in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

In value terms, grape juice (single strength) exports dropped remarkably to $X in 2021. Over the period under review, exports, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 with an increase of 97% against the previous year. Over the period under review, the exports attained the maximum at $X in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

Exports by Country

Democratic Republic of the Congo (X tons) was the main destination for grape juice (single strength) exports from Angola, accounting for a 88% share of total exports. Moreover, grape juice (single strength) exports to Democratic Republic of the Congo exceeded the volume sent to the second major destination, Congo (X tons), more than tenfold.

From 2012 to 2021, the average annual growth rate of volume to Democratic Republic of the Congo amounted to +24.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Congo (+51.2% per year) and France (0.0% per year).

In value terms, Democratic Republic of the Congo ($X) remains the key foreign market for grape juice (single strength) exports from Angola, comprising 85% of total exports. The second position in the ranking was held by Congo ($X), with a 6.8% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Democratic Republic of the Congo stood at -1.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Congo (+34.3% per year) and France (0.0% per year).

Export Prices by Country

In 2021, the average grape juice (single strength) export price amounted to $X per ton, waning by -36.6% against the previous year. Over the period under review, the export price continues to indicate a dramatic decrease. The most prominent rate of growth was recorded in 2016 when the average export price decreased by -7.2% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

Average prices varied somewhat for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Congo ($X per ton), while the average price for exports to France ($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 Congo (-11.2%).

Imports of Grape Juice (Single Strength)

Imports into Angola

In 2021, imports of grape juice (single strength) into Angola reduced markedly to X tons, shrinking by -37.3% on the previous year. In general, imports recorded a deep reduction. The pace of growth appeared the most rapid in 2019 with an increase of 288%. Imports peaked at X tons in 2014; however, from 2015 to 2021, imports remained at a lower figure.

In value terms, grape juice (single strength) imports dropped remarkably to $X in 2021. Over the period under review, imports continue to indicate a deep slump. The pace of growth appeared the most rapid in 2019 with an increase of 367%. Imports peaked at $X in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Portugal (X tons) constituted the largest supplier of grape juice (single strength) to Angola, with a 48% share of total imports. Moreover, grape juice (single strength) imports from Portugal exceeded the figures recorded by the second-largest supplier, Turkey (X tons), fourfold. The third position in this ranking was taken by Spain (X tons), with a 10% share.

From 2012 to 2021, the average annual growth rate of volume from Portugal amounted to +15.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+6.3% per year) and Spain (+32.2% per year).

In value terms, Portugal ($X) constituted the largest supplier of grape juice (single strength) to Angola, comprising 61% of total imports. The second position in the ranking was taken by Spain ($X), with a 13% share of total imports. It was followed by South Africa, with a 2.9% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Portugal totaled +27.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+31.7% per year) and South Africa (-38.1% per year).

Import Prices by Country

The average grape juice (single strength) import price stood at $X per ton in 2021, with an increase of 23% against the previous year. Overall, import price indicated a buoyant expansion from 2012 to 2021: its price increased at an average annual rate of +5.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, grape juice (single strength) import price increased by +102.0% against 2015 indices. The pace of growth was the most pronounced in 2013 when the average import price increased by 40% against the previous year. The import price peaked in 2021 and is expected to retain growth in years to come.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Portugal (+10.2%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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