Angola: Peanut Butter Market 2025

Peanut Butter Market Size in Angola

The Angolan peanut butter market reached $X in 2022, almost unchanged from the previous year. In general, consumption, however, continues to indicate a strong expansion. Over the period under review, the market hit record highs at $X in 2017; however, from 2018 to 2022, consumption failed to regain momentum.

Peanut Butter Production in Angola

In value terms, peanut butter production stood at $X in 2022 estimated in export price. Over the period under review, production recorded strong growth. The growth pace was the most rapid in 2016 when the production volume increased by 139%. Peanut butter production peaked at $X in 2017; however, from 2018 to 2022, production remained at a lower figure.

Peanut Butter Exports

Exports from Angola

In 2022, after four years of growth, there was significant decline in overseas shipments of peanut butter and prepared or preserved groundnuts, when their volume decreased by -41.8% to X kg. Overall, exports, however, showed a resilient increase. The pace of growth was the most pronounced in 2019 with an increase of 271% against the previous year. The exports peaked at X kg in 2021, and then fell dramatically in the following year.

In value terms, peanut butter exports dropped to $X in 2022. In general, exports, however, continue to indicate a prominent expansion. The pace of growth appeared the most rapid in 2019 with an increase of 48%. Over the period under review, the exports hit record highs at $X in 2021, and then declined in the following year.

Exports by Country

Portugal (X kg) was the main destination for peanut butter exports from Angola, with a approx. 100% share of total exports.

From 2015 to 2022, the average annual growth rate of volume to Portugal stood at +20.8%.

In value terms, Portugal ($X) also remains the key foreign market for peanut butter and prepared or preserved groundnuts exports from Angola.

From 2015 to 2022, the average annual rate of growth in terms of value to Portugal totaled +20.8%.

Export Prices by Country

In 2022, the average peanut butter export price amounted to $X per ton, picking up by 48% against the previous year. In general, the export price continues to indicate a measured expansion. The pace of growth appeared the most rapid in 2016 an increase of 153%. Over the period under review, the average export prices hit record highs at $X per ton in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for Portugal.

From 2015 to 2022, the rate of growth in terms of prices for Portugal amounted to -0.0% per year.

Peanut Butter Imports

Imports into Angola

In 2022, imports of peanut butter and prepared or preserved groundnuts into Angola fell sharply to X tons, with a decrease of -24.8% on 2021 figures. In general, imports faced a abrupt contraction. The most prominent rate of growth was recorded in 2013 when imports increased by 75% against the previous year. As a result, imports reached the peak of X tons. From 2014 to 2022, the growth of imports remained at a lower figure.

In value terms, peanut butter imports shrank to $X in 2022. Over the period under review, imports recorded a deep slump. The most prominent rate of growth was recorded in 2013 when imports increased by 66% against the previous year. As a result, imports reached the peak of $X. From 2014 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, Mozambique (X tons) constituted the largest peanut butter supplier to Angola, accounting for a 38% share of total imports. Moreover, peanut butter imports from Mozambique exceeded the figures recorded by the second-largest supplier, Tanzania (X tons), twofold. The third position in this ranking was held by India (X tons), with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Mozambique totaled -7.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Tanzania (+10.5% per year) and India (-1.6% per year).

In value terms, Mozambique ($X), India ($X) and South Africa ($X) were the largest peanut butter suppliers to Angola, with a combined 60% share of total imports. Portugal, China, Mauritius, Tanzania, Ghana, Togo, Democratic Republic of the Congo, Guinea, Canada and Brazil lagged somewhat behind, together accounting for a further 29%.

In terms of the main suppliers, Democratic Republic of the Congo, with a CAGR of +59.9%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average peanut butter import price amounted to $X per ton, jumping by 19% against the previous year. Over the period under review, import price indicated pronounced growth from 2012 to 2022: its price increased at an average annual rate of +2.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, peanut butter import price decreased by -10.9% against 2020 indices. The pace of growth was the most pronounced in 2014 an increase of 43% against the previous year. The import price peaked at $X per ton in 2015; however, from 2016 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 Portugal ($X per ton), while the price for Canada ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mozambique (+25.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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