Angola: Sugar Market 2022

Sugar Market Size in Angola

The Angolan sugar market contracted sharply to $X in 2021, falling by -17.5% against the previous year. In general, consumption showed a abrupt decline. Over the period under review, the market reached the maximum level at $X in 2017; however, from 2018 to 2021, consumption failed to regain momentum.

Sugar Production in Angola

In value terms, sugar production fell to $X in 2021 estimated in export price. Over the period under review, the total production indicated a modest expansion from 2012 to 2021: its value increased at an average annual rate of +1.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +12.7% against 2019 indices. The pace of growth was the most pronounced in 2016 with an increase of 87% against the previous year. Over the period under review, production reached the peak level at $X in 2017; however, from 2018 to 2021, production stood at a somewhat lower figure.

In 2021, the average sugar yield in Angola was estimated at less than X kg per ha, approximately reflecting 2020. Over the period under review, 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.

In 2021, the total area harvested in terms of sugar production in Angola totaled less than X ha, remaining relatively unchanged against 2020 figures. Overall, the harvested area continues to indicate a relatively flat trend pattern.

Sugar Exports

Exports from Angola

In 2021, after four years of growth, there was significant decline in shipments abroad of sugar, when their volume decreased by -70.9% to X tons. Overall, exports, however, saw a resilient increase. The most prominent rate of growth was recorded in 2017 when exports increased by 352%. The exports peaked at X tons in 2020, and then fell sharply in the following year.

In value terms, sugar exports reduced markedly to $X in 2021. In general, exports, however, posted a remarkable increase. The pace of growth appeared the most rapid in 2017 with an increase of 221% against the previous year. Over the period under review, the exports attained the maximum at $X in 2020, and then shrank significantly in the following year.

Exports by Country

Democratic Republic of the Congo (X tons) was the main destination for sugar exports from Angola, with a 91% share of total exports. Moreover, sugar exports to Democratic Republic of the Congo exceeded the volume sent to the second major destination, Congo (X tons), more than tenfold.

From 2012 to 2021, the average annual growth rate of volume to Democratic Republic of the Congo stood at +8.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Congo (-33.1% per year) and Namibia (-7.7% per year).

In value terms, Democratic Republic of the Congo ($X) remains the key foreign market for sugar exports from Angola, comprising 92% of total exports. The second position in the ranking was taken by Congo ($X), with a 4.5% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Democratic Republic of the Congo totaled +9.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Congo (-5.8% per year) and Namibia (-10.2% per year).

Export Prices by Country

The average sugar export price stood at $X per ton in 2021, jumping by 23% against the previous year. Over the period under review, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the average export price increased by 38% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2017 to 2021, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was Namibia ($X per ton), while the average price for exports to Congo ($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 Congo (+40.8%), while the prices for the other major destinations experienced mixed trend patterns.

Sugar Imports

Imports into Angola

In 2021, the amount of sugar imported into Angola declined markedly to X tons, which is down by -34% on the previous year. Overall, imports saw a abrupt curtailment. The growth pace was the most rapid in 2015 with an increase of 355% against the previous year. Imports peaked at X tons in 2017; however, from 2018 to 2021, imports stood at a somewhat lower figure.

In value terms, sugar imports contracted dramatically to $X in 2021. Over the period under review, imports recorded a abrupt shrinkage. The pace of growth was the most pronounced in 2015 when imports increased by 294%. Over the period under review, imports attained the peak figure at $X in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Brazil (X tons) constituted the largest supplier of sugar to Angola, with a 82% share of total imports. Moreover, sugar imports from Brazil exceeded the figures recorded by the second-largest supplier, Saudi Arabia (X tons), more than tenfold. The third position in this ranking was held by South Africa (X tons), with a 3.6% share.

From 2012 to 2021, the average annual growth rate of volume from Brazil amounted to -6.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Saudi Arabia (+1.4% per year) and South Africa (-1.3% per year).

In value terms, Brazil ($X) constituted the largest supplier of sugar to Angola, comprising 78% of total imports. The second position in the ranking was held by Saudi Arabia ($X), with an 8.4% share of total imports. It was followed by South Africa, with a 3.5% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Brazil totaled -12.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Saudi Arabia (+5.9% per year) and South Africa (-9.8% per year).

Import Prices by Country

The average sugar import price stood at $X per ton in 2021, increasing by 11% against the previous year. Overall, the import price, however, recorded a deep reduction. The growth pace was the most rapid in 2016 when the average import price increased by 30%. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Portugal ($X per ton), while the price for Mozambique ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Saudi Arabia (+4.4%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform