Report Update Nov 1, 2024

Angola - Lard - Market Analysis, Forecast, Size, Trends and Insights

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Angola: Lard Market 2024

Lard Market Size in Angola

The Angolan lard market amounted to $X in 2022, with an increase of 5.8% against the previous year. In general, consumption saw a prominent increase. Lard consumption peaked at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Lard Production in Angola

In value terms, lard production expanded remarkably to $X in 2022 estimated in export price. Overall, production showed a strong expansion. The most prominent rate of growth was recorded in 2019 when the production volume increased by 66%. Over the period under review, production reached the maximum level at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Lard Exports

Exports from Angola

For the fourth consecutive year, Angola recorded growth in shipments abroad of lard, which increased by 7.1% to X kg in 2020. Overall, exports showed a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, lard exports skyrocketed to $X in 2020. Over the period under review, exports showed significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Namibia (X kg) was the main destination for lard exports from Angola, accounting for a approx. 100% share of total exports.

From 2015 to 2020, the average annual growth rate of volume to Namibia stood at +74.2%.

In value terms, Namibia ($X) also remains the key foreign market for lard exports from Angola.

From 2015 to 2020, the average annual growth rate of value to Namibia amounted to +110.2%.

Export Prices by Country

The average lard export price stood at $X per ton in 2020, picking up by 29% against the previous year. Overall, the export price posted resilient growth. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

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

From 2015 to 2020, the rate of growth in terms of prices for Namibia amounted to +20.7% per year.

Lard Imports

Imports into Angola

In 2022, the amount of lard imported into Angola declined notably to X tons, falling by -20.1% compared with the year before. In general, imports, however, enjoyed strong growth. The most prominent rate of growth was recorded in 2014 with an increase of 822% against the previous year. As a result, imports attained the peak of X tons. From 2015 to 2022, the growth of imports remained at a lower figure.

In value terms, lard imports dropped rapidly to $X in 2022. Overall, imports, however, posted buoyant growth. The growth pace was the most rapid in 2014 with an increase of 802%. As a result, imports reached the peak of $X. From 2015 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, Portugal (X tons) constituted the largest supplier of lard to Angola, with a 47% share of total imports. Moreover, lard imports from Portugal exceeded the figures recorded by the second-largest supplier, Namibia (X kg), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume from Portugal amounted to +29.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Namibia (+23.3% per year) and Spain (0.0% per year).

In value terms, Portugal ($X) constituted the largest supplier of lard to Angola, comprising 40% of total imports. The second position in the ranking was held by Namibia ($X), with an 18% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from Portugal totaled +30.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Namibia (+46.3% per year) and Spain (0.0% per year).

Import Prices by Country

The average lard import price stood at $X per ton in 2022, therefore, remained relatively stable against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the average import price increased by 56% against the previous year. As a result, import price attained the peak level of $X per ton. From 2019 to 2022, the average import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+92.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for lard in the world?

The country with the largest volume of lard consumption was China, comprising approx. 32% of total volume. Moreover, lard consumption in China exceeded the figures recorded by the second-largest consumer, Germany, fourfold. Brazil ranked third in terms of total consumption with an 8.5% share.

What are the largest producers of lard in the world?

China constituted the country with the largest volume of lard production, comprising approx. 32% of total volume. Moreover, lard production in China exceeded the figures recorded by the second-largest producer, Germany, fourfold. The third position in this ranking was occupied by Brazil, with an 8.4% share.

What are the leading suppliers of lard to Angola?

In value terms, Portugal constituted the largest supplier of lard to Angola.

What is the average export price for lard in Angola?

The average lard export price stood at $1,286 per ton in 2015, leveling off at the previous year.

What is the average import price for lard in Angola?

In 2021, the average lard import price amounted to $3,200 per ton, waning by -23.9% against the previous year.

This report provides an in-depth analysis of the lard market in Angola. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

FCL 1043 - Lard

Country coverage:

Angola

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Angola
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023