Angola: Molluscs Market 2024

Molluscs Market Size in Angola

The Angolan molluscs market rose to $X in 2021, growing by 4.8% against the previous year. Overall, consumption, however, showed a perceptible slump. Molluscs consumption peaked at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Molluscs Production in Angola

In value terms, molluscs production shrank to $X in 2021 estimated in export price. Overall, production showed a noticeable slump. The growth pace was the most rapid in 2020 with an increase of 12%. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Molluscs Exports

Exports from Angola

For the third consecutive year, Angola recorded decline in shipments abroad of molluscs (scallops, mussels, cuttle fish, squid and octopus), which decreased by 0% to X tons in 2020. Over the period under review, exports recorded a significant expansion. The smallest decline of -3.2% was in 2018. Over the period under review, the exports reached the peak figure in 2020 and are expected to retain growth in the near future.

In value terms, molluscs exports amounted to $X in 2020. Overall, exports enjoyed a significant expansion. The smallest decline of -94.6% was in 2018. The exports peaked in 2020 and are expected to retain growth in the near future.

Exports by Country

Vietnam (X tons) was the main destination for molluscs exports from Angola, with a 60% share of total exports. Moreover, molluscs exports to Vietnam exceeded the volume sent to the second major destination, Thailand (X tons), threefold. The third position in this ranking was taken by Malaysia (X tons), with an 18% share.

From 2017 to 2020, the average annual growth rate of volume to Vietnam totaled +224.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Thailand (+422.7% per year) and Malaysia (+644.0% per year).

It was followed by Malaysia, with a 6.4% share.

From 2017 to 2020, the average annual growth rate of value to Vietnam stood at +254.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Thailand (+1,119.1% per year) and Malaysia (+2,304.4% per year).

Export Prices by Country

The average molluscs export price stood at $X per ton in 2020, almost unchanged from the previous year. In general, the export price saw a slight contraction. The pace of growth appeared the most rapid in 2018 when the average export price decreased by -94.4%. Over the period under review, the average export prices reached the peak figure at $X per ton in 2017; however, from 2018 to 2020, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2020, amid the top suppliers, the country with the highest price was Vietnam ($X per ton), while the average price for exports to Malaysia ($X per ton) was amongst the lowest.

From 2017 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Malaysia (+223.1%), while the prices for the other major destinations experienced more modest paces of growth.

Molluscs Imports

Imports into Angola

In 2021, approx. X tons of molluscs (scallops, mussels, cuttle fish, squid and octopus) were imported into Angola; flattening at the year before. Over the period under review, imports saw a dramatic downturn. The most prominent rate of growth was recorded in 2014 when imports increased by 79%. As a result, imports attained the peak of X tons. From 2015 to 2021, the growth of imports remained at a lower figure.

In value terms, molluscs imports reached $X in 2021. Overall, imports continue to indicate a dramatic shrinkage. The pace of growth appeared the most rapid in 2014 with an increase of 45% against the previous year. Over the period under review, imports attained the peak figure at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

India (X tons), France (X tons) and Portugal (X tons) were the main suppliers of molluscs imports to Angola, with a combined 42% share of total imports. China, the Netherlands, Argentina and Japan lagged somewhat behind, together accounting for a further 29%.

From 2012 to 2021, the biggest increases were recorded for Japan (with a CAGR of +139.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Portugal ($X), France ($X) and India ($X) were the largest molluscs suppliers to Angola, with a combined 47% share of total imports. China, the Netherlands, Japan and Argentina lagged somewhat behind, together comprising a further 21%.

Japan, with a CAGR of +104.2%, saw the highest growth rate of the value of imports, among 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 molluscs import price stood at $X per ton in 2021, surging by 1.8% against the previous year. In general, the import price, however, continues to indicate a abrupt slump. The pace of growth appeared the most rapid in 2016 an increase of 14% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Mauritania (+12.3%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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