Angola: Skim Milk Market 2024

Skim Milk Market Size in Angola

The Angolan skim milk market rose markedly to $X in 2021, surging by 8% against the previous year. In general, the total consumption indicated notable growth from 2012 to 2021: its value increased at an average annual rate of +3.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -26.4% against 2019 indices. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2021, consumption stood at a somewhat lower figure.

Skim Milk Production in Angola

In value terms, skim milk production surged to $X in 2021 estimated in export price. Over the period under review, the total production indicated a strong increase from 2012 to 2021: its value increased at an average annual rate of +5.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -19.9% against 2019 indices. The pace of growth appeared the most rapid in 2018 when the production volume increased by 81% against the previous year. Over the period under review, production attained the maximum level at $X in 2019; however, from 2020 to 2021, production remained at a lower figure.

Skim Milk Exports

Exports from Angola

In 2021, skim milk exports from Angola expanded to X tons, rising by 3.5% on the previous year. Over the period under review, exports recorded significant growth. The pace of growth appeared the most rapid in 2020 with an increase of 163% against the previous year. The exports peaked in 2021 and are likely to see gradual growth in years to come.

In value terms, skim milk exports dropped markedly to $X in 2021. In general, exports showed a significant expansion. The pace of growth was the most pronounced in 2014 with an increase of 241%. Over the period under review, the exports hit record highs at $X in 2020, and then reduced remarkably in the following year.

Exports by Country

Democratic Republic of the Congo (X tons) was the main destination for skim milk exports from Angola, with a 90% share of total exports. It was followed by Spain (X kg), with a 2.1% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to Democratic Republic of the Congo stood at +64.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (0.0% per year) and China (0.0% per year).

In value terms, Democratic Republic of the Congo ($X) emerged as the key foreign market for skim milk exports from Angola, comprising 77% of total exports. The second position in the ranking was taken by Spain ($X), with a 12% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Democratic Republic of the Congo amounted to +57.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (0.0% per year) and China (0.0% per year).

Export Prices by Country

In 2021, the average skim milk export price amounted to $X per ton, reducing by -24.5% against the previous year. Overall, the export price recorded a pronounced reduction. The most prominent rate of growth was recorded in 2019 when the average export price increased by 61%. As a result, the export price reached the peak level of $X per ton. From 2020 to 2021, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Spain ($X per ton), while the average price for exports to China ($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 Democratic Republic of the Congo (-4.2%).

Skim Milk Imports

Imports into Angola

In 2021, purchases abroad of skim milk decreased by -58.8% to X tons, falling for the second year in a row after three years of growth. In general, imports showed a pronounced curtailment. The pace of growth appeared the most rapid in 2013 with an increase of 170% against the previous year. As a result, imports attained the peak of X tons. From 2014 to 2021, the growth of imports remained at a lower figure.

In value terms, skim milk imports shrank sharply to $X in 2021. Over the period under review, imports saw a abrupt contraction. The pace of growth appeared the most rapid in 2013 when imports increased by 136% against the previous year. As a result, imports attained the peak of $X. From 2014 to 2021, the growth of imports remained at a lower figure.

Imports by Country

In 2021, Portugal (X tons) constituted the largest skim milk supplier to Angola, with a 44% share of total imports. Moreover, skim milk imports from Portugal exceeded the figures recorded by the second-largest supplier, Malaysia (X tons), threefold. The UK (X tons) ranked third in terms of total imports with an 8.7% share.

From 2012 to 2021, the average annual growth rate of volume from Portugal stood at -6.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (+3.0% per year) and the UK (-7.6% per year).

In value terms, the largest skim milk suppliers to Angola were Portugal ($X), Malaysia ($X) and France ($X), with a combined 62% share of total imports. These countries were followed by the UK, Germany and Thailand, which together accounted for a further 13%.

The UK, with a CAGR of +10.6%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2021, the average skim milk import price amounted to $X per ton, declining by -30.6% against the previous year. Overall, the import price recorded a deep contraction. The most prominent rate of growth was recorded in 2015 when the average import price increased by 36%. As a result, import price attained the peak level of $X per ton. From 2016 to 2021, the average import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the UK (+19.6%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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