Angola: Market for Manufactured Tobacco, Extracts And Essences 2024

Market Size for Manufactured Tobacco, Extracts And Essences in Angola

The Angolan market for manufactured tobacco, extracts and essences surged to $X in 2021, growing by 449% against the previous year. Over the period under review, consumption posted a remarkable increase. Manufactured tobacco, extracts and essences consumption peaked in 2021 and is expected to retain growth in the near future.

Production of Manufactured Tobacco, Extracts And Essences in Angola

In value terms, manufactured tobacco, extracts and essences production reduced slightly to $X in 2021 estimated in export price. Over the period under review, production showed a noticeable descent. The pace of growth appeared the most rapid in 2016 when the production volume increased by 5.3% against the previous year. Manufactured tobacco, extracts and essences production peaked at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Exports of Manufactured Tobacco, Extracts And Essences

Exports from Angola

In 2021, exports of manufactured tobacco, extracts and essences from Angola surged to X kg, with an increase of 63% compared with the year before. Over the period under review, exports recorded significant growth. The most prominent rate of growth was recorded in 2015 with an increase of 2,500%. The exports peaked in 2021 and are likely to see gradual growth in years to come.

In value terms, manufactured tobacco, extracts and essences exports reduced dramatically to $X in 2021. In general, exports enjoyed a buoyant expansion. The growth pace was the most rapid in 2015 when exports increased by 870%. Over the period under review, the exports attained the peak figure at $X in 2016; however, from 2017 to 2021, the exports remained at a lower figure.

Exports by Country

Namibia (X kg), Portugal (X kg) and Uganda (X kg) were the main destinations of manufactured tobacco, extracts and essences exports from Angola, together comprising 94% 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 Uganda (with a CAGR of +267.4%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for manufactured tobacco, extracts and essences exported from Angola were Namibia ($X), Portugal ($X) and Uganda ($X), with a combined 88% share of total exports.

In terms of the main countries of destination, Uganda, with a CAGR of +44.5%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2021, the average export price for manufactured tobacco, extracts and essences amounted to $X per ton, declining by -54.2% against the previous year. Over the period under review, the export price continues to indicate a dramatic downturn. The pace of growth was the most pronounced in 2016 when the average export price increased by 40% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

Average prices varied noticeably for the major export markets. In 2021, amid the top suppliers, the highest price was recorded for prices to Namibia ($X per ton) and Uganda ($X per ton), while the average price for exports to the United States ($X per ton) and Portugal ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Portugal (-33.3%), while the prices for the other major destinations experienced a decline.

Imports of Manufactured Tobacco, Extracts And Essences

Imports into Angola

Manufactured tobacco, extracts and essences imports into Angola soared to X tons in 2021, rising by 453% compared with the previous year's figure. Over the period under review, imports recorded a strong increase. The most prominent rate of growth was recorded in 2019 when imports increased by 1,149%. Over the period under review, imports hit record highs at X tons in 2014; however, from 2015 to 2021, imports failed to regain momentum.

In value terms, manufactured tobacco, extracts and essences imports surged to $X in 2021. Overall, imports saw prominent growth. The most prominent rate of growth was recorded in 2016 when imports increased by 1,863%. Over the period under review, imports reached the peak figure in 2021 and are likely to see gradual growth in years to come.

Imports by Country

The United Arab Emirates (X kg), South Africa (X kg) and India (X kg) were the main suppliers of manufactured tobacco, extracts and essences imports to Angola, together comprising 77% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the United Arab Emirates (with a CAGR of +63.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest manufactured tobacco, extracts and essences suppliers to Angola were India ($X), the United Arab Emirates ($X) and South Africa ($X), together accounting for 54% of total imports.

The United Arab Emirates, with a CAGR of +77.3%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average import price for manufactured tobacco, extracts and essences amounted to $X per ton, growing by 6.1% against the previous year. In general, the import price showed a strong increase. The pace of growth appeared the most rapid in 2016 an increase of 80% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2018; however, from 2019 to 2021, import prices stood at a somewhat lower figure.

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 India ($X per ton), while the price for Singapore ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Lebanon (+9.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :