Angola: Market for Malt Extract And Food Preparations Of Flour, Meal, And Starch 2024

Market Size for Malt Extract And Food Preparations Of Flour, Meal, And Starch in Angola

The Angolan market for malt extract and food preparations of flour, meal, and starches dropped sharply to $X in 2022, waning by -16.1% 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). In general, consumption continues to indicate a deep reduction. Over the period under review, the market attained the maximum level at $X in 2014; however, from 2015 to 2022, consumption failed to regain momentum.

Exports of Malt Extract And Food Preparations Of Flour, Meal, And Starch

Exports from Angola

In 2022, shipments abroad of malt extract and food preparations of flour, meal, and starches was finally on the rise to reach X tons after two years of decline. Over the period under review, exports showed buoyant growth. The growth pace was the most rapid in 2017 when exports increased by 356%. Over the period under review, the exports of hit record highs at X tons in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, exports of malt extract and food preparations of flour, meal, and starches soared to $X in 2022. In general, exports recorded a strong expansion. The exports peaked at $X in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

Exports by Country

Spain (X tons), Democratic Republic of the Congo (X tons) and Namibia (X kg) were the main destinations of exports of malt extract and food preparations of flour, meal, and starches from Angola.

From 2012 to 2022, the biggest increases were recorded for Democratic Republic of the Congo (with a CAGR of +10.2%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, Spain ($X) remains the key foreign market for malt extract and food preparations of flour, meal, and starches exports from Angola, comprising 83% of total exports. The second position in the ranking was held by Namibia ($X), with a 9.1% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Spain totaled +12.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Namibia (+3.9% per year) and Democratic Republic of the Congo (+12.9% per year).

Export Prices by Country

The average export price for malt extract and food preparations of flour, meal, and starches stood at $X per ton in 2022, surging by 88% against the previous year. Over the period under review, export price indicated a pronounced increase from 2012 to 2022: its price increased at an average annual rate of +3.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The export price peaked at $X per ton in 2015; however, from 2016 to 2022, 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 Namibia ($X per ton), while the average price for exports to Democratic Republic of the Congo ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Guinea-Bissau (+42.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Malt Extract And Food Preparations Of Flour, Meal, And Starch

Imports into Angola

In 2022, imports of malt extract and food preparations of flour, meal, and starches into Angola fell to X tons, shrinking by -13.7% against 2021 figures. In general, imports faced a abrupt shrinkage. The growth pace was the most rapid in 2019 when imports increased by 65%. Imports peaked at X tons in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

In value terms, imports of malt extract and food preparations of flour, meal, and starches dropped markedly to $X in 2022. Overall, imports showed a abrupt curtailment. The pace of growth was the most pronounced in 2019 when imports increased by 64% against the previous year. Over the period under review, imports of reached the peak figure at $X in 2014; however, from 2015 to 2022, imports remained at a lower figure.

Imports by Country

Malaysia (X tons), Ireland (X tons) and Argentina (X tons) were the main suppliers of imports of malt extract and food preparations of flour, meal, and starches to Angola, with a combined 63% share of total imports. China, Thailand, Morocco, Vietnam, South Africa, New Zealand and Singapore lagged somewhat behind, together accounting for a further 28%.

From 2012 to 2022, the biggest increases were recorded for China (with a CAGR of +21.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Ireland ($X) constituted the largest supplier of malt extract and food preparations of flour, meal, and starches to Angola, comprising 39% of total imports. The second position in the ranking was held by Malaysia ($X), with a 14% share of total imports. It was followed by Argentina, with a 10% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Ireland amounted to -3.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (-23.0% per year) and Argentina (-12.0% per year).

Import Prices by Country

In 2022, the average import price for malt extract and food preparations of flour, meal, and starches amounted to $X per ton, which is down by -3.6% against the previous year. In general, import price indicated a buoyant expansion from 2012 to 2022: its price increased at an average annual rate of +5.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for malt extract and food preparations of flour, meal, and starches increased by +34.2% against 2020 indices. The most prominent rate of growth was recorded in 2017 when the average import price increased by 39% against the previous year. The import price peaked at $X per ton in 2021, and then reduced slightly in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was New Zealand ($X per ton), while the price for Argentina ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Argentina (+15.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :