Angola: Preserved Mackerel Market 2024

Preserved Mackerel Market Size in Angola

In 2021, after two years of growth, there was significant decline in the Angolan preserved mackerel market, when its value decreased by -6.2% to $X. The market value increased at an average annual rate of +4.2% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Preserved mackerel consumption peaked at $X in 2020, and then fell in the following year.

Preserved Mackerel Production in Angola

In value terms, preserved mackerel production contracted to $X in 2021 estimated in export price. Overall, the total production indicated a resilient increase from 2012 to 2021: its value increased at an average annual rate of +5.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +100.9% against 2014 indices. The pace of growth was the most pronounced in 2015 with an increase of 56%. Over the period under review, production reached the peak level at $X in 2020, and then declined in the following year.

Preserved Mackerel Exports

Exports from Angola

After two years of growth, overseas shipments of mackerel (prepared or preserved) decreased by -79.5% to X kg in 2018. Over the period under review, exports showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 with an increase of 388%. As a result, the exports reached the peak of X kg, and then dropped remarkably in the following year.

In value terms, preserved mackerel exports reduced notably to $X in 2018. In general, exports, however, enjoyed a significant expansion. The most prominent rate of growth was recorded in 2017 when exports increased by 832% against the previous year. As a result, the exports reached the peak of $X, and then dropped rapidly in the following year.

Exports by Country

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

From 2016 to 2018, the average annual growth rate of volume to Namibia was relatively modest.

In value terms, Namibia ($X) emerged as the key foreign market for mackerel (prepared or preserved) exports from Angola.

From 2016 to 2018, the average annual rate of growth in terms of value to Namibia totaled +29.6%.

Export Prices by Country

In 2018, the average preserved mackerel export price amounted to $X per ton, declining by -12.2% against the previous year. Overall, the export price, however, continues to indicate a significant expansion. The most prominent rate of growth was recorded in 2017 an increase of 91%. As a result, the export price reached the peak level of $X per ton, and then fell in the following year.

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

From 2016 to 2018, the rate of growth in terms of prices for Namibia amounted to +29.6% per year.

Preserved Mackerel Imports

Imports into Angola

Preserved mackerel imports into Angola reduced markedly to X tons in 2021, shrinking by -21.3% on the previous year's figure. Overall, imports showed a deep contraction. The growth pace was the most rapid in 2013 when imports increased by 216% against the previous year. Imports peaked at X tons in 2014; however, from 2015 to 2021, imports remained at a lower figure.

In value terms, preserved mackerel imports dropped rapidly to $X in 2021. Over the period under review, imports saw a abrupt setback. The pace of growth was the most pronounced in 2013 with an increase of 217% against the previous year. Imports peaked at $X in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Thailand (X tons) constituted the largest preserved mackerel supplier to Angola, with a 63% share of total imports. Moreover, preserved mackerel imports from Thailand exceeded the figures recorded by the second-largest supplier, China (X tons), fivefold. Chile (X tons) ranked third in terms of total imports with a 13% share.

From 2012 to 2021, the average annual growth rate of volume from Thailand amounted to +17.4%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-16.2% per year) and Chile (-5.4% per year).

In value terms, Thailand ($X) constituted the largest supplier of mackerel (prepared or preserved) to Angola, comprising 77% of total imports. The second position in the ranking was held by Chile ($X), with a 6.8% share of total imports. It was followed by China, with a 5.9% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Thailand stood at +17.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Chile (-6.9% per year) and China (-20.6% per year).

Import Prices by Country

The average preserved mackerel import price stood at $X per ton in 2021, increasing by 6.7% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.4%. The pace of growth appeared the most rapid in 2019 when the average import price increased by 44%. As a result, import price attained the peak level of $X per ton; afterwards, it flattened through to 2021.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Namibia ($X per ton), while the price for Peru ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Namibia (+8.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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