Angola: Market for Sweet Biscuits, Waffles and Wafers 2024

Market Size for Sweet Biscuits, Waffles and Wafers in Angola

The Angolan market for sweet biscuits, waffles and wafers was finally on the rise to reach $X in 2021, after three years of decline. Overall, consumption, however, saw a deep contraction. Over the period under review, the market reached the peak level at $X in 2014; however, from 2015 to 2021, consumption failed to regain momentum.

Exports of Sweet Biscuits, Waffles and Wafers

Exports from Angola

In 2021, shipments abroad of sweet biscuits, waffles and wafers decreased by -68.7% to X tons, falling for the third year in a row after two years of growth. Over the period under review, exports recorded a precipitous decline. The pace of growth was the most pronounced in 2018 with an increase of 1,503%. The exports peaked at X tons in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

In value terms, sweet biscuit, waffle and wafer exports dropped sharply to $X in 2021. In general, exports recorded a sharp curtailment. The pace of growth was the most pronounced in 2018 with an increase of 911% against the previous year. The exports peaked at $X in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

Exports by Country

Namibia (X tons) was the main destination for sweet biscuit, waffle and wafer exports from Angola, accounting for a 73% share of total exports. Moreover, sweet biscuit, waffle and wafer exports to Namibia exceeded the volume sent to the second major destination, Democratic Republic of the Congo (X kg), sixfold. The third position in this ranking was taken by Malawi (X kg), with a 7.1% share.

From 2012 to 2021, the average annual growth rate of volume to Namibia stood at -5.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Democratic Republic of the Congo (-40.1% per year) and Malawi (0.0% per year).

In value terms, Namibia ($X) remains the key foreign market for sweet biscuits, waffles and wafers exports from Angola, comprising 78% of total exports. The second position in the ranking was taken by Democratic Republic of the Congo ($X), with a 12% share of total exports. It was followed by Malawi, with a 3.4% share.

From 2012 to 2021, the average annual growth rate of value to Namibia amounted to +2.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Democratic Republic of the Congo (-39.4% per year) and Malawi (0.0% per year).

Export Prices by Country

In 2021, the average export price for sweet biscuits, waffles and wafers amounted to $X per ton, with an increase of 29% against the previous year. Over the period under review, the export price showed tangible growth. The pace of growth was the most pronounced in 2014 an increase of 51% against the previous year. The export price peaked at $X per ton in 2016; however, from 2017 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Namibia ($X per ton), while the average price for exports to Malawi ($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 Namibia (+8.3%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Sweet Biscuits, Waffles and Wafers

Imports into Angola

In 2021, imports of sweet biscuits, waffles and wafers into Angola surged to X tons, rising by 81% on the year before. Overall, imports recorded a relatively flat trend pattern. Imports peaked at X tons in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

In value terms, sweet biscuit, waffle and wafer imports surged to $X in 2021. In general, imports, however, saw a abrupt curtailment. Over the period under review, imports hit record highs at $X in 2013; however, from 2014 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, India (X tons) constituted the largest supplier of sweet biscuit, waffle and wafer to Angola, with a 55% share of total imports. Moreover, sweet biscuit, waffle and wafer imports from India exceeded the figures recorded by the second-largest supplier, Brazil (X tons), twofold. The third position in this ranking was taken by Portugal (X tons), with a 6.3% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from India totaled +8.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (-2.2% per year) and Portugal (-1.8% per year).

In value terms, India ($X), Brazil ($X) and Portugal ($X) were the largest sweet biscuit, waffle and wafer suppliers to Angola, together comprising 71% of total imports. These countries were followed by Turkey, Argentina, Iraq and the United Arab Emirates, which together accounted for a further 12%.

Among the main suppliers, Iraq, with a CAGR of +27.9%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

In 2021, the average import price for sweet biscuits, waffles and wafers amounted to $X per ton, growing by 4.3% against the previous year. Over the period under review, the import price, however, continues to indicate a abrupt contraction. The pace of growth was the most pronounced in 2016 an increase of 9.8%. Over the period under review, average import prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Iraq (+3.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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