Angola: Paddy Rice Market 2024

Paddy Rice Market Size in Angola

The Angolan paddy rice market expanded modestly to $X in 2022, picking up by 5% against the previous year. In general, consumption, however, continues to indicate a abrupt slump. As a result, consumption attained the peak level of $X. From 2014 to 2022, the growth of the market failed to regain momentum.

Paddy Rice Production in Angola

In value terms, paddy rice production rose rapidly to $X in 2022 estimated in export price. In general, production, however, recorded a abrupt decline. The pace of growth was the most pronounced in 2013 when the production volume increased by 237%. As a result, production attained the peak level of $X. From 2014 to 2022, production growth failed to regain momentum.

The average yield of paddy rice in Angola amounted to X tons per ha in 2022, remaining relatively unchanged against the previous year. Over the period under review, the yield indicated a pronounced increase from 2012 to 2022: its figure increased at an average annual rate of +4.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, paddy rice yield decreased by -0.4% against 2020 indices. The most prominent rate of growth was recorded in 2013 when the yield increased by 65%. The paddy rice yield peaked at X tons per ha in 2016; however, from 2017 to 2022, the yield failed to regain momentum. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, approx. X ha of paddy rice were harvested in Angola; almost unchanged from the previous year. Overall, the harvested area saw a deep contraction. The pace of growth appeared the most rapid in 2013 with an increase of 5.8%. Over the period under review, the harvested area dedicated to paddy rice production reached the maximum at X ha in 2015; however, from 2016 to 2022, the harvested area remained at a lower figure.

Paddy Rice Exports

Exports from Angola

In 2022, the amount of paddy rice exported from Angola reduced modestly to X kg, shrinking by -4.8% on the previous year's figure. Overall, exports, however, posted a notable expansion. The pace of growth appeared the most rapid in 2018 when exports increased by 254% against the previous year. As a result, the exports reached the peak of X tons. From 2019 to 2022, the growth of the exports remained at a lower figure.

In value terms, paddy rice exports fell modestly to $X in 2022. Over the period under review, exports saw a relatively flat trend pattern. The growth pace was the most rapid in 2018 when exports increased by 123% against the previous year. As a result, the exports attained the peak of $X. From 2019 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Democratic Republic of the Congo (X kg) was the main destination for paddy rice exports from Angola, with a 92% share of total exports. Moreover, paddy rice exports to Democratic Republic of the Congo exceeded the volume sent to the second major destination, Namibia (X kg), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Democratic Republic of the Congo stood at +2.1%.

In value terms, Democratic Republic of the Congo ($X) remains the key foreign market for paddy rice exports from Angola, comprising 90% of total exports. The second position in the ranking was held by Namibia ($X), with a 9.7% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Democratic Republic of the Congo totaled -1.1%.

Export Prices by Country

In 2022, the average paddy rice export price amounted to $X per ton, rising by 1.8% against the previous year. Overall, the export price, however, recorded a noticeable slump. The growth pace was the most rapid in 2013 when the average export price increased by 91%. As a result, the export price attained the peak level of $X per ton. From 2014 to 2022, the average export prices failed to regain momentum.

Average prices varied somewhat for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Namibia ($X per ton), while the average price for exports to Democratic Republic of the Congo stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Namibia (+17.0%).

Paddy Rice Imports

Imports into Angola

In 2022, the amount of paddy rice imported into Angola declined to X tons, which is down by -5% on 2021 figures. Over the period under review, imports showed a deep setback. The growth pace was the most rapid in 2017 when imports increased by 3,275%. As a result, imports reached the peak of X tons. From 2018 to 2022, the growth of imports remained at a lower figure.

In value terms, paddy rice imports reduced to $X in 2022. Overall, imports saw a noticeable downturn. The pace of growth appeared the most rapid in 2017 with an increase of 4,105%. As a result, imports attained the peak of $X. From 2018 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, Thailand (X tons) constituted the largest supplier of paddy rice to Angola, with a 75% share of total imports. Moreover, paddy rice imports from Thailand exceeded the figures recorded by the second-largest supplier, Belgium (X tons), sevenfold. The third position in this ranking was taken by India (X tons), with a 7.8% share.

From 2012 to 2022, the average annual growth rate of volume from Thailand amounted to -8.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (+32.5% per year) and India (-19.2% per year).

In value terms, Thailand ($X) constituted the largest supplier of paddy rice to Angola, comprising 58% of total imports. The second position in the ranking was held by Belgium ($X), with a 21% share of total imports. It was followed by China, with a 9.7% share.

From 2012 to 2022, the average annual growth rate of value from Thailand totaled -2.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (+35.9% per year) and China (-11.2% per year).

Import Prices by Country

In 2022, the average paddy rice import price amounted to $X per ton, remaining stable against the previous year. Overall, the import price, however, continues to indicate a prominent expansion. The pace of growth appeared the most rapid in 2019 an increase of 94%. The import price peaked at $X per ton in 2021, and then shrank modestly in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+6.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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