Angola: Sweet Biscuit Market 2024

Sweet Biscuit Market Size in Angola

After three years of decline, the Angolan sweet biscuit market increased by 72% to $X in 2021. Overall, consumption, however, recorded a pronounced reduction. 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.

Sweet Biscuit Exports

Exports from Angola

In 2021, shipments abroad of sweet biscuits decreased by -72.1% to X tons, falling for the third consecutive year after two years of growth. In general, exports saw a sharp setback. The pace of growth appeared the most rapid in 2018 when exports increased by 2,235%. The exports peaked at X tons in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

In value terms, sweet biscuit exports shrank notably to $X in 2021. Overall, exports faced a sharp reduction. The pace of growth appeared the most rapid in 2018 when exports increased by 2,026% against the previous year. Over the period under review, the exports attained the maximum 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 exports from Angola, with a 77% share of total exports. Moreover, sweet biscuit exports to Namibia exceeded the volume sent to the second major destination, Democratic Republic of the Congo (X kg), sevenfold. The third position in this ranking was held by Spain (X kg), with a 7.1% share.

From 2012 to 2021, the average annual growth rate of volume to Namibia amounted to -4.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Democratic Republic of the Congo (-41.6% per year) and Spain (+49.9% per year).

In value terms, Namibia ($X) remains the key foreign market for sweet biscuits exports from Angola, comprising 85% of total exports. The second position in the ranking was taken by Democratic Republic of the Congo ($X), with a 6.5% share of total exports. It was followed by Spain, with a 5.3% share.

From 2012 to 2021, the average annual growth rate of value to Namibia totaled +1.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Democratic Republic of the Congo (-42.7% per year) and Spain (+28.4% per year).

Export Prices by Country

In 2021, the average sweet biscuit export price amounted to $X per ton, increasing by 19% against the previous year. In general, the export price posted measured growth. The pace of growth was the most pronounced in 2014 an increase of 54%. As a result, the export price reached the peak level of $X per ton. From 2015 to 2021, the average export prices failed to regain momentum.

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 Namibia (+6.6%), while the prices for the other major destinations experienced a decline.

Sweet Biscuit Imports

Imports into Angola

In 2021, approx. X tons of sweet biscuits were imported into Angola; increasing by 52% compared with 2020. In general, total imports indicated a modest increase from 2012 to 2021: its volume increased at an average annual rate of +1.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, imports attained the maximum at X tons in 2014; however, from 2015 to 2021, imports failed to regain momentum.

In value terms, sweet biscuit imports skyrocketed to $X in 2021. Over the period under review, imports, however, recorded a perceptible decline. Over the period under review, imports attained the maximum at $X in 2014; however, from 2015 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, India (X tons) constituted the largest supplier of sweet biscuit to Angola, accounting for a 55% share of total imports. Moreover, sweet biscuit imports from India exceeded the figures recorded by the second-largest supplier, Brazil (X tons), twofold. Portugal (X tons) ranked third in terms of total imports with a 4.5% share.

From 2012 to 2021, the average annual growth rate of volume from India amounted to +8.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (+0.5% per year) and Portugal (-4.2% per year).

In value terms, India ($X), Brazil ($X) and Portugal ($X) constituted the largest sweet biscuit suppliers to Angola, with a combined 63% share of total imports. These countries were followed by Argentina, Iraq, Turkey and the United Arab Emirates, which together accounted for a further 8.9%.

In terms of the main suppliers, Iraq, with a CAGR of +34.8%, saw 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

The average sweet biscuit import price stood at $X per ton in 2021, increasing by 17% against the previous year. Overall, the import price, however, showed a abrupt decrease. 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 ($X per ton), while the price for India ($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 (+4.8%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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