Angola: Spice Market 2024

Spice Market Size in Angola

In 2022, the Angolan spice market increased by X% to $X, rising for the second year in a row after three years of decline. Overall, consumption, however, recorded a noticeable descent. Spice consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Spice Production in Angola

In value terms, spice production stood at $X in 2022 estimated in export price. In general, production showed a noticeable increase. The most prominent rate of growth was recorded in 2021 when the production volume increased by X%. Spice production peaked at $X in 2014; however, from 2015 to 2022, production stood at a somewhat lower figure.

In 2022, the average yield of spices in Angola amounted to less than X kg per ha, remaining constant against 2021. In general, the yield showed a relatively flat trend pattern. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

The spice harvested area in Angola stood at less than X ha in 2022, remaining constant against the year before. Overall, the harvested area continues to indicate a relatively flat trend pattern.

Spice Exports

Exports from Angola

Spice exports from Angola reduced to X tons in 2022, falling by X% compared with 2021 figures. Over the period under review, exports, however, recorded strong growth. The pace of growth was the most pronounced in 2015 when exports increased by X% against the previous year. The exports peaked at X tons in 2021, and then fell in the following year.

In value terms, spice exports skyrocketed to $X in 2022. In general, exports, however, enjoyed a significant increase. The pace of growth was the most pronounced in 2021 with an increase of X%. The exports peaked at $X in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

Exports by Country

Bahamas (X kg), Canada (X kg) and Sao Tome and Principe (X kg) were the main destinations of spice exports from Angola, together accounting for X% of total exports. Greece, Marshall Islands, Namibia, Cuba and Portugal lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Cuba (with a CAGR of X.0%), while the other leaders experienced more modest paces of growth.

In value terms, Bahamas ($X) emerged as the key foreign market for spices exports from Angola, comprising X% of total exports. The second position in the ranking was taken by Canada ($X), with a X% share of total exports. It was followed by Portugal, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Bahamas stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Canada (X% per year) and Portugal (X% per year).

Export Prices by Country

In 2022, the average spice export price amounted to $X per ton, growing by X% against the previous year. In general, the export price saw a strong expansion. The pace of growth was the most pronounced in 2016 when the average export price increased by X% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2017 to 2022, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Portugal ($X per ton), while the average price for exports to Greece ($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 Bahamas (X%), while the prices for the other major destinations experienced a decline.

Spice Imports

Imports into Angola

In 2022, supplies from abroad of spices increased by X% to X tons, rising for the second consecutive year after three years of decline. Overall, total imports indicated a mild expansion from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2020 indices. The pace of growth was the most pronounced in 2017 when imports increased by X% against the previous year. As a result, imports reached the peak of X tons; afterwards, it flattened through to 2022.

In value terms, spice imports soared to $X in 2022. Over the period under review, imports, however, showed a abrupt contraction. The most prominent rate of growth was recorded in 2017 when imports increased by X%. Over the period under review, imports attained the maximum at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Portugal (X tons) constituted the largest spice supplier to Angola, with a X% share of total imports. Moreover, spice imports from Portugal exceeded the figures recorded by the second-largest supplier, South Africa (X tons), threefold. The third position in this ranking was held by China (X tons), with a X% share.

From 2012 to 2022, the average annual growth rate of volume from Portugal totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: South Africa (X% per year) and China (X% per year).

In value terms, Portugal ($X) constituted the largest supplier of spices to Angola, comprising X% of total imports. The second position in the ranking was held by South Africa ($X), with a X% share of total imports. It was followed by India, with a X% share.

From 2012 to 2022, the average annual growth rate of value from Portugal amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: South Africa (X% per year) and India (X% per year).

Import Prices by Country

The average spice import price stood at $X per ton in 2022, reducing by X% against the previous year. In general, the import price showed a abrupt decline. The pace of growth was the most pronounced in 2018 when the average import price increased by X% against the previous year. Over the period under review, average import prices attained the maximum at $X per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

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

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

Source: IndexBox Platform

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