Angola: Market for Candies, Sweets, and Nonchocolate Confectionery 2024

Market Size for Candies, Sweets, and Nonchocolate Confectionery in Angola

The Angolan market for candies, sweets, and nonchocolate confectionery surged to $X in 2022, increasing by 22% against the previous year. Over the period under review, consumption recorded a remarkable increase. Over the period under review, the market reached the peak level in 2022 and is expected to retain growth in the immediate term.

Production of Candies, Sweets, and Nonchocolate Confectionery in Angola

In value terms, candy, sweets, and nonchocolate confectionery production rose modestly to $X in 2022 estimated in export price. Over the period under review, production recorded a buoyant increase. The pace of growth was the most pronounced in 2016 with an increase of 133%. Candy, sweets, and nonchocolate confectionery production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Exports of Candies, Sweets, and Nonchocolate Confectionery

Exports from Angola

In 2022, after four years of decline, there was growth in shipments abroad of candies, sweets, and nonchocolate confectionery, when their volume increased by 3.3% to X tons. Over the period under review, exports, however, saw a significant contraction. The most prominent rate of growth was recorded in 2016 with an increase of 807%. Over the period under review, the exports hit record highs at X tons in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

In value terms, candy, sweets, and nonchocolate confectionery exports reached $X in 2022. Overall, exports, however, faced a abrupt contraction. The pace of growth appeared the most rapid in 2016 when exports increased by 795%. Over the period under review, the exports attained the maximum at $X in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

Exports by Country

Congo (X tons), Sao Tome and Principe (X tons) and Democratic Republic of the Congo (X tons) were the main destinations of candy, sweets, and nonchocolate confectionery exports from Angola, together accounting for 91% of total exports.

From 2015 to 2022, the biggest increases were recorded for Sao Tome and Principe (with a CAGR of +105.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for candy, sweets, and nonchocolate confectionery exported from Angola were Sao Tome and Principe ($X), Congo ($X) and Democratic Republic of the Congo ($X), together comprising 85% of total exports.

Among the main countries of destination, Sao Tome and Principe, with a CAGR of +95.0%, recorded the highest growth rate of 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

In 2022, the average export price for candies, sweets, and nonchocolate confectionery amounted to $X per ton, increasing by 7.2% against the previous year. Over the period under review, export price indicated a strong increase from 2015 to 2022: its price increased at an average annual rate of +5.2% over the last seven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, candy, sweets, and nonchocolate confectionery export price increased by +27.1% against 2020 indices. The pace of growth was the most pronounced in 2017 an increase of 72%. As a result, the export price attained the peak level of $X per ton. From 2018 to 2022, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Spain ($X per ton), while the average price for exports to Congo ($X per ton) was amongst the lowest.

From 2015 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Democratic Republic of the Congo (+12.5%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Candies, Sweets, and Nonchocolate Confectionery

Imports into Angola

In 2022, overseas purchases of candies, sweets, and nonchocolate confectionery increased by 90% to X tons, rising for the second year in a row after three years of decline. Over the period under review, imports, however, continue to indicate a deep reduction. The most prominent rate of growth was recorded in 2017 with an increase of 115%. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, candy, sweets, and nonchocolate confectionery imports skyrocketed to $X in 2022. Overall, imports, however, showed a abrupt downturn. Over the period under review, imports reached the peak figure at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, India (X tons) constituted the largest supplier of candy, sweets, and nonchocolate confectionery to Angola, accounting for a 42% share of total imports. Moreover, candy, sweets, and nonchocolate confectionery imports from India exceeded the figures recorded by the second-largest supplier, Turkey (X tons), threefold. Brazil (X tons) ranked third in terms of total imports with a 14% share.

From 2012 to 2022, the average annual growth rate of volume from India stood at -2.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+10.7% per year) and Brazil (-16.8% per year).

In value terms, India ($X) constituted the largest supplier of candies, sweets, and nonchocolate confectionery to Angola, comprising 34% of total imports. The second position in the ranking was taken by Brazil ($X), with a 16% share of total imports. It was followed by Colombia, with a 6.7% share.

From 2012 to 2022, the average annual growth rate of value from India totaled -1.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (-15.1% per year) and Colombia (-22.5% per year).

Import Prices by Country

The average import price for candies, sweets, and nonchocolate confectionery stood at $X per ton in 2022, surging by 12% against the previous year. Overall, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when the average import price increased by 15% against the previous year. The import price peaked at $X per ton in 2016; however, from 2017 to 2022, import prices remained at a 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 South Africa ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Africa (+5.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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