Angola: Sauce And Seasoning Market 2024

Sauce And Seasoning Market Size in Angola

After two years of growth, the Angolan sauce and seasoning market decreased by -4% to $X in 2021. The market value increased at an average annual rate of +3.1% over the period from 2012 to 2021; however, the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. Over the period under review, the market reached the maximum level at $X in 2014; however, from 2015 to 2021, consumption stood at a somewhat lower figure.

Sauce And Seasoning Production in Angola

In value terms, sauce and seasoning production reduced to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +3.6% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2013 with an increase of 56% against the previous year. As a result, production reached the peak level of $X. From 2014 to 2021, production growth remained at a somewhat lower figure.

Sauce And Seasoning Exports

Exports from Angola

In 2021, shipments abroad of sauces and seasonings decreased by -69.1% to X tons, falling for the second consecutive year after six years of growth. Over the period under review, exports, however, recorded buoyant growth. The pace of growth was the most pronounced in 2017 with an increase of 143% against the previous year. The exports peaked at X tons in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

In value terms, sauce and seasoning exports reduced notably to $X in 2021. Overall, exports, however, recorded a measured increase. The pace of growth was the most pronounced in 2017 when exports increased by 132% against the previous year. The exports peaked at $X in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

Exports by Country

Democratic Republic of the Congo (X tons), Congo (X kg) and Bahamas (X kg) were the main destinations of sauce and seasoning exports from Angola, together comprising 70% of total exports. These countries were followed by Namibia, Spain, Germany and Canada, which together accounted for a further 22%.

From 2012 to 2021, the biggest increases were recorded for Canada (with a CAGR of +380.6%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Bahamas ($X), Democratic Republic of the Congo ($X) and Congo ($X) were the largest markets for sauce and seasoning exported from Angola worldwide, together comprising 58% of total exports. These countries were followed by Spain, Namibia, Germany and Canada, which together accounted for a further 20%.

Canada, with a CAGR of +157.1%, saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average sauce and seasoning export price amounted to $X per ton, growing by 12% against the previous year. In general, the export price, however, saw a drastic downturn. The growth pace was the most rapid in 2020 when the average export price increased by 40%. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Bahamas ($X per ton), while the average price for exports to Canada ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Bahamas (+34.2%), while the prices for the other major destinations experienced mixed trend patterns.

Sauce And Seasoning Imports

Imports into Angola

In 2021, overseas purchases of sauces and seasonings decreased by -10.4% to X tons, falling for the third consecutive year after two years of growth. In general, imports showed a abrupt shrinkage. The pace of growth appeared the most rapid in 2014 when imports increased by 87%. As a result, imports attained the peak of X tons. From 2015 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, sauce and seasoning imports contracted to $X in 2021. Over the period under review, imports saw a abrupt shrinkage. The pace of growth was the most pronounced in 2014 with an increase of 92%. As a result, imports reached the peak of $X. From 2015 to 2021, the growth of imports failed to regain momentum.

Imports by Country

In 2021, Belgium (X tons) constituted the largest supplier of sauce and seasoning to Angola, accounting for a 29% share of total imports. Moreover, sauce and seasoning imports from Belgium exceeded the figures recorded by the second-largest supplier, Portugal (X tons), threefold. The third position in this ranking was taken by China (X tons), with a 3.2% share.

From 2012 to 2021, the average annual growth rate of volume from Belgium amounted to -14.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Portugal (-13.8% per year) and China (-8.7% per year).

In value terms, Belgium ($X), Portugal ($X) and South Africa ($X) appeared to be the largest sauce and seasoning suppliers to Angola, with a combined 37% share of total imports. These countries were followed by Turkey, China, Oman, Spain, the Netherlands, Senegal, Brazil and Lebanon, which together accounted for a further 8%.

In terms of the main suppliers, Turkey, with a CAGR of +17.9%, recorded the highest growth rate of 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

The average sauce and seasoning import price stood at $X per ton in 2021, flattening at the previous year. Over the period under review, the import price saw a perceptible shrinkage. The growth pace was the most rapid in 2017 when the average import price increased by 13%. Over the period under review, average import prices attained the maximum at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Portugal ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Oman (+7.3%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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