Angola: Milk Market 2024

Milk Market Size in Angola

The Angolan milk market rose slightly to $X in 2022, with an increase of X% against the previous year. Over the period under review, consumption recorded a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2019 to 2022, the growth of the market remained at a somewhat lower figure.

Milk Production in Angola

In value terms, milk production expanded modestly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. The growth pace was the most rapid in 2017 when the production volume increased by X%. Milk production peaked at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

Milk Exports

Exports from Angola

In 2022, the amount of milk exported from Angola declined rapidly to X tons, dropping by X% compared with 2021. Over the period under review, exports, however, enjoyed significant growth. The pace of growth appeared the most rapid in 2019 when exports increased by X%. As a result, the exports attained the peak of X tons. From 2020 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, milk exports shrank remarkably to $X in 2022. Overall, exports, however, recorded significant growth. The most prominent rate of growth was recorded in 2019 when exports increased by X%. As a result, the exports reached the peak of $X. From 2020 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Mali (X tons) was the main destination for milk exports from Angola, accounting for a X% share of total exports. Moreover, milk exports to Mali exceeded the volume sent to the second major destination, Democratic Republic of the Congo (X tons), threefold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Mali was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Democratic Republic of the Congo (X% per year) and Cuba (X% per year).

In value terms, Mali ($X), Democratic Republic of the Congo ($X) and Cuba ($X) constituted the largest markets for milk exported from Angola worldwide, with a combined X% share of total exports.

In terms of the main countries of destination, Cuba, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average milk export price stood at $X per ton in 2022, dropping by X% against the previous year. Over the period under review, the export price continues to indicate a mild decline. The growth pace was the most rapid in 2020 when the average export price increased by X%. As a result, the export price reached the peak level of $X per ton. From 2021 to 2022, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Cuba ($X per ton), while the average price for exports to Mali ($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 Vietnam (X%), while the prices for the other major destinations experienced more modest paces of growth.

Milk Imports

Imports into Angola

In 2022, after three years of decline, there was significant growth in purchases abroad of milk, when their volume increased by X% to X tons. Overall, imports, however, showed a deep setback. The pace of growth was the most pronounced in 2014 when imports increased by X%. Imports peaked at X tons in 2015; however, from 2016 to 2022, imports remained at a lower figure.

In value terms, milk imports reduced dramatically to $X in 2022. In general, imports, however, continue to indicate a deep reduction. The growth pace was the most rapid in 2014 when imports increased by X%. As a result, imports attained the peak of $X. From 2015 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, Portugal (X tons) was the main supplier of milk to Angola, accounting for a X% share of total imports. It was followed by South Africa (X tons), with a X% share of total imports. France (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Portugal stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: South Africa (X% per year) and France (X% per year).

In value terms, Portugal ($X) constituted the largest supplier of milk to Angola, comprising X% of total imports. The second position in the ranking was taken by South Africa ($X), with a X% share of total imports. It was followed by France, with a X% share.

From 2012 to 2022, the average annual growth rate of value from Portugal stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: South Africa (X% per year) and France (X% per year).

Import Prices by Country

The average milk import price stood at $X per ton in 2022, which is down by X% against the previous year. Overall, the import price showed a abrupt shrinkage. The most prominent rate of growth was recorded in 2016 when the average import price increased by X%. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

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 Germany ($X per ton), while the price for Portugal ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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