Angola: Preserved Sardines Market 2024

Preserved Sardines Market Size in Angola

The Angolan preserved sardines market soared to $X in 2022, jumping by 32% against the previous year. Over the period under review, consumption, however, recorded a pronounced downturn. Preserved sardines consumption peaked at $X in 2013; however, from 2014 to 2022, consumption failed to regain momentum.

Preserved Sardines Production in Angola

In value terms, preserved sardines production skyrocketed to $X in 2022 estimated in export price. Over the period under review, production saw a strong expansion. The growth pace was the most rapid in 2020 when the production volume increased by 176% against the previous year. As a result, production reached the peak level of $X. From 2021 to 2022, production growth remained at a somewhat lower figure.

Preserved Sardines Exports

Exports from Angola

In 2022, shipments abroad of sardines (prepared or preserved) increased by 3.1% to X tons, rising for the second year in a row after five years of decline. Over the period under review, exports enjoyed prominent growth. The most prominent rate of growth was recorded in 2015 when exports increased by 9,992% against the previous year. As a result, the exports attained the peak of X tons. From 2016 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, preserved sardines exports soared to $X in 2022. Overall, exports continue to indicate a buoyant increase. The most prominent rate of growth was recorded in 2015 when exports increased by 9,331%. As a result, the exports reached the peak of $X. From 2016 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Democratic Republic of the Congo (X tons) was the main destination for preserved sardines exports from Angola, accounting for a 87% share of total exports. Moreover, preserved sardines exports to Democratic Republic of the Congo exceeded the volume sent to the second major destination, Namibia (X kg), tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Democratic Republic of the Congo totaled +4.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Namibia (+57.5% per year) and Spain (+32.9% per year).

In value terms, Democratic Republic of the Congo ($X) remains the key foreign market for sardines (prepared or preserved) exports from Angola, comprising 87% of total exports. The second position in the ranking was taken by Spain ($X), with a 9.6% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Democratic Republic of the Congo totaled +14.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (+127.2% per year) and Namibia (+9.4% per year).

Export Prices by Country

The average preserved sardines export price stood at $X per ton in 2022, rising by 26% against the previous year. Over the period under review, the export price recorded a buoyant expansion. The pace of growth appeared the most rapid in 2018 an increase of 60%. The export price peaked at $X per ton in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Democratic Republic of the Congo (+9.0%), while the prices for the other major destinations experienced a decline.

Preserved Sardines Imports

Imports into Angola

In 2022, after two years of decline, there was significant growth in supplies from abroad of sardines (prepared or preserved), when their volume increased by 8.4% to X tons. Over the period under review, imports, however, faced a deep setback. The most prominent rate of growth was recorded in 2017 when imports increased by 35%. Over the period under review, imports attained the maximum at X tons in 2013; however, from 2014 to 2022, imports failed to regain momentum.

In value terms, preserved sardines imports reduced slightly to $X in 2022. Overall, imports, however, showed a abrupt setback. The pace of growth was the most pronounced in 2017 with an increase of 60% against the previous year. Over the period under review, imports attained the peak figure at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Morocco (X tons) constituted the largest supplier of preserved sardines to Angola, accounting for a 61% share of total imports. Moreover, preserved sardines imports from Morocco exceeded the figures recorded by the second-largest supplier, Congo (X tons), threefold. China (X tons) ranked third in terms of total imports with a 4.5% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Morocco stood at -14.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Congo (+92.9% per year) and China (-2.5% per year).

In value terms, Morocco ($X) constituted the largest supplier of sardines (prepared or preserved) to Angola, comprising 77% of total imports. The second position in the ranking was taken by Congo ($X), with a 5.5% share of total imports. It was followed by China, with a 4% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Morocco stood at -12.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Congo (+55.6% per year) and China (-8.6% per year).

Import Prices by Country

In 2022, the average preserved sardines import price amounted to $X per ton, falling by -11.4% against the previous year. In general, the import price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 when the average import price increased by 38%. As a result, import price attained the peak level of $X per ton. From 2016 to 2022, the average 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 ($X per ton), while the price for Congo ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Morocco (+2.6%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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