Angola: Insecticide Market 2024

Insecticide Market Size in Angola

The Angolan insecticide market soared to $X in 2021, increasing by 41% 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). Overall, consumption saw a resilient expansion. As a result, consumption attained the peak level of $X. From 2015 to 2021, the growth of the market remained at a somewhat lower figure.

Insecticide Exports

Exports from Angola

In 2021, shipments abroad of insecticides decreased by -85.4% to X tons, falling for the second year in a row after two years of growth. Overall, exports showed a abrupt contraction. The pace of growth appeared the most rapid in 2018 when exports increased by 440% 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, insecticide exports dropped sharply to $X in 2021. Over the period under review, exports showed a deep reduction. The pace of growth appeared the most rapid in 2019 with an increase of 123%. As a result, the exports reached the peak of $X. From 2020 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Hong Kong SAR (X kg) was the main destination for insecticide exports from Angola, with a 70% share of total exports. Moreover, insecticide exports to Hong Kong SAR exceeded the volume sent to the second major destination, Democratic Republic of the Congo (X kg), fourfold. Congo (X kg) ranked third in terms of total exports with a 6.7% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Hong Kong SAR was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Democratic Republic of the Congo (+2.3% per year) and Congo (-41.9% per year).

In value terms, Hong Kong SAR ($X) emerged as the key foreign market for insecticides exports from Angola, comprising 85% of total exports. The second position in the ranking was taken by Democratic Republic of the Congo ($X), with a 6.9% share of total exports. It was followed by Sao Tome and Principe, with a 3.4% share.

From 2012 to 2021, the average annual growth rate of value to Hong Kong SAR was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Democratic Republic of the Congo (+1.8% per year) and Sao Tome and Principe (+10.2% per year).

Export Prices by Country

In 2021, the average insecticide export price amounted to $X per ton, increasing by 106% against the previous year. Overall, the export price saw a slight increase. The most prominent rate of growth was recorded in 2017 an increase of 223% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per ton in 2015; however, from 2016 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Sao Tome and Principe ($X per ton), while the average price for exports to Congo ($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 Namibia (+44.7%), while the prices for the other major destinations experienced a decline.

Insecticide Imports

Imports into Angola

In 2021, purchases abroad of insecticides increased by 31% to X tons, rising for the second year in a row after five years of decline. Over the period under review, imports showed a prominent expansion. The most prominent rate of growth was recorded in 2014 with an increase of 104%. As a result, imports reached the peak of X tons. From 2015 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, insecticide imports surged to $X in 2021. In general, imports posted a buoyant increase. The pace of growth appeared the most rapid in 2014 with an increase of 93%. As a result, imports attained the peak of $X. From 2015 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of insecticide to Angola, accounting for a 66% share of total imports. Moreover, insecticide imports from China exceeded the figures recorded by the second-largest supplier, Turkey (X tons), fivefold. Belgium (X tons) ranked third in terms of total imports with a 7.8% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China amounted to +7.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+14.4% per year) and Belgium (+5.6% per year).

In value terms, China ($X) constituted the largest supplier of insecticides to Angola, comprising 51% of total imports. The second position in the ranking was taken by Turkey ($X), with a 13% share of total imports. It was followed by Belgium, with a 12% share.

From 2012 to 2021, the average annual growth rate of value from China totaled +12.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+14.2% per year) and Belgium (+7.0% per year).

Import Prices by Country

In 2021, the average insecticide import price amounted to $X per ton, growing by 7.9% against the previous year. Overall, the import price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2017 when the average import price increased by 69%. The import price peaked at $X per ton in 2018; however, from 2019 to 2021, 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 ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+4.7%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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