Angola: Food Manufacture Machinery Market 2024

Food Manufacture Machinery Market Size in Angola

The Angolan food manufacture machinery market soared to $X in 2021, picking up by 202% 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). Over the period under review, consumption posted a notable increase. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Food Manufacture Machinery Exports

Exports from Angola

In 2021, overseas shipments of machinery for the preparation or manufacture of food or drink increased by 300% to X units, rising for the third year in a row after two years of decline. In general, exports posted a significant expansion. The pace of growth was the most pronounced in 2014 with an increase of 1,800% against the previous year. The exports peaked in 2021 and are likely to continue growth in years to come.

In value terms, food manufacture machinery exports skyrocketed to $X in 2021. Overall, exports showed prominent growth. The most prominent rate of growth was recorded in 2020 with an increase of 116% against the previous year. Over the period under review, the exports attained the maximum in 2021 and are likely to see steady growth in years to come.

Exports by Country

Congo (X units), South Africa (X units) and Portugal (X units) were the main destinations of food manufacture machinery exports from Angola, together comprising 98% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by South Africa (with a CAGR of +63.4%), while the other leaders experienced mixed trend patterns.

In value terms, South Africa ($X) remains the key foreign market for machinery for the preparation or manufacture of food or drink exports from Angola, comprising 72% of total exports. The second position in the ranking was taken by Congo ($X), with a 17% share of total exports. It was followed by Sao Tome and Principe, with a 5.9% share.

From 2012 to 2021, the average annual rate of growth in terms of value to South Africa totaled +41.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Congo (0.0% per year) and Sao Tome and Principe (-3.1% per year).

Export Prices by Country

In 2021, the average food manufacture machinery export price amounted to $X per unit, reducing by -46.5% against the previous year. In general, the export price faced a drastic downturn. The growth pace was the most rapid in 2013 an increase of 679%. As a result, the export price reached the peak level of $X per unit. From 2014 to 2021, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was Sao Tome and Principe ($X per unit), while the average price for exports to Congo ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Sao Tome and Principe (+3.3%), while the prices for the other major destinations experienced a decline.

Food Manufacture Machinery Imports

Imports into Angola

Food manufacture machinery imports into Angola surged to X units in 2021, with an increase of 349% on the year before. Over the period under review, imports showed a noticeable expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, food manufacture machinery imports skyrocketed to $X in 2021. Overall, imports posted a tangible increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, China (X units) constituted the largest supplier of food manufacture machinery to Angola, accounting for a 38% share of total imports. Moreover, food manufacture machinery imports from China exceeded the figures recorded by the second-largest supplier, Italy (X units), threefold. The third position in this ranking was taken by South Africa (X units), with a 5.5% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China stood at +6.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+11.1% per year) and South Africa (+22.4% per year).

In value terms, Italy ($X) constituted the largest supplier of machinery for the preparation or manufacture of food or drink to Angola, comprising 37% of total imports. The second position in the ranking was held by China ($X), with a 17% share of total imports. It was followed by Switzerland, with a 12% share.

From 2012 to 2021, the average annual growth rate of value from Italy amounted to +12.0%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+10.0% per year) and Switzerland (+53.3% per year).

Import Prices by Country

The average food manufacture machinery import price stood at $X per unit in 2021, declining by -45.3% against the previous year. Overall, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 an increase of 82%. The import price peaked at $X per unit in 2020, and then fell significantly in the following year.

Prices varied noticeably country of origin: the country with the highest price was Switzerland ($X per unit), while the price for South Africa ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Switzerland (+24.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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