Angola: Margarine And Shortening Market 2025

Margarine And Shortening Market Size in Angola

The Angolan margarine and shortening market totaled $X in 2022, rising by 8.7% 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, however, saw a noticeable reduction. Margarine and shortening consumption peaked at $X in 2014; however, from 2015 to 2022, consumption remained at a lower figure.

Margarine And Shortening Exports

Exports from Angola

In 2022, shipments abroad of margarine and shortening increased by 351% to X tons, rising for the second year in a row after eight years of decline. Overall, exports, however, showed a abrupt decline. Over the period under review, the exports attained the peak figure at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, margarine and shortening exports skyrocketed to $X in 2022. In general, exports posted buoyant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Democratic Republic of the Congo (X tons) was the main destination for margarine and shortening exports from Angola, with a 78% share of total exports. Moreover, margarine and shortening exports to Democratic Republic of the Congo exceeded the volume sent to the second major destination, Sao Tome and Principe (X tons), sevenfold. Congo (X tons) ranked third in terms of total exports with an 8.1% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Democratic Republic of the Congo totaled -8.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Sao Tome and Principe (0.0% per year) and Congo (+14.5% per year).

In value terms, Congo ($X), Democratic Republic of the Congo ($X) and Sao Tome and Principe ($X) appeared to be the largest markets for margarine and shortening exported from Angola worldwide, together comprising 96% of total exports.

Congo, with a CAGR of +102.5%, saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average margarine and shortening export price amounted to $X per ton, jumping by 81% against the previous year. In general, the export price continues to indicate a buoyant expansion. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Congo ($X per ton), while the average price for exports to Democratic Republic of the Congo ($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 Congo (+76.8%).

Margarine And Shortening Imports

Imports into Angola

In 2022, approx. X tons of margarine and shortening were imported into Angola; growing by 17% against 2021. In general, imports, however, continue to indicate a pronounced reduction. The most prominent rate of growth was recorded in 2017 when imports increased by 67%. Imports peaked at X tons in 2014; however, from 2015 to 2022, imports remained at a lower figure.

In value terms, margarine and shortening imports rose remarkably to $X in 2022. Over the period under review, imports, however, recorded a perceptible decrease. The pace of growth appeared the most rapid in 2016 when imports increased by 57% against the previous year. Over the period under review, imports hit record highs at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Indonesia (X tons), Portugal (X tons) and Brazil (X tons) were the main suppliers of margarine and shortening imports to Angola, with a combined 82% share of total imports. Malaysia, Singapore, Turkey, the Netherlands, Belgium and Argentina lagged somewhat behind, together accounting for a further 11%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Turkey (with a CAGR of +62.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest margarine and shortening suppliers to Angola were Portugal ($X), Indonesia ($X) and Brazil ($X), with a combined 80% share of total imports. Malaysia, Singapore, the Netherlands, Belgium, Turkey and Argentina lagged somewhat behind, together accounting for a further 10%.

Turkey, with a CAGR of +58.2%, 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

The average margarine and shortening import price stood at $X per ton in 2022, shrinking by -9.1% against the previous year. Over the period under review, the import price saw a slight setback. The pace of growth was the most pronounced in 2021 when the average import price increased by 21% against the previous year. Over the period under review, average import prices reached the maximum at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

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 the Netherlands ($X per ton), while the price for Argentina ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+5.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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