Angola: Temporarily Preserved Vegetable Market 2024

Temporarily Preserved Vegetable Market Size in Angola

The Angolan temporarily preserved vegetable market reduced markedly to $X in 2022, declining by -82.6% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption continues to indicate a sharp setback. As a result, consumption attained the peak level of $X. From 2015 to 2022, the growth of the market failed to regain momentum.

Temporarily Preserved Vegetable Exports

Exports from Angola

In 2022, temporarily preserved vegetable exports from Angola contracted notably to X kg, with a decrease of -29.6% on the previous year. Overall, exports showed a abrupt curtailment. The most prominent rate of growth was recorded in 2020 when exports increased by 1,324% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

In value terms, temporarily preserved vegetable exports surged to $X in 2022. Over the period under review, exports recorded a deep contraction. The most prominent rate of growth was recorded in 2020 with an increase of 1,673%. The exports peaked at $X in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Liberia (X kg), Democratic Republic of the Congo (X kg) and Spain (X kg) were the main destinations of temporarily preserved vegetable exports from Angola, together comprising 62% of total exports.

From 2015 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Liberia (with a CAGR of +113.3%), while the other leaders experienced more modest paces of growth.

In value terms, Liberia ($X) remains the key foreign market for vegetables (temporarily preserved) exports from Angola, comprising 53% of total exports. The second position in the ranking was taken by Democratic Republic of the Congo ($X), with an 11% share of total exports. It was followed by Malta, with an 8.5% share.

From 2015 to 2022, the average annual growth rate of value to Liberia totaled +113.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Democratic Republic of the Congo (-5.0% per year) and Malta (+34.4% per year).

Export Prices by Country

The average temporarily preserved vegetable export price stood at $X per ton in 2022, picking up by 103% against the previous year. In general, the export price, however, recorded a perceptible shrinkage. The export price peaked at $X per ton in 2015; however, from 2016 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Liberia ($X per ton), while the average price for exports to Germany ($X per ton) was amongst the lowest.

From 2015 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Democratic Republic of the Congo (+8.3%), while the prices for the other major destinations experienced mixed trend patterns.

Temporarily Preserved Vegetable Imports

Imports into Angola

In 2022, the amount of vegetables (temporarily preserved) imported into Angola declined dramatically to X tons, which is down by -81.9% on the previous year. Over the period under review, imports recorded a precipitous slump. The most prominent rate of growth was recorded in 2014 with an increase of 317% against the previous year. As a result, imports attained the peak of X tons. From 2015 to 2022, the growth of imports failed to regain momentum.

In value terms, temporarily preserved vegetable imports declined sharply to $X in 2022. In general, imports faced a significant decline. The most prominent rate of growth was recorded in 2014 when imports increased by 367%. As a result, imports attained the peak of $X. From 2015 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, Spain (X tons) constituted the largest supplier of temporarily preserved vegetable to Angola, accounting for a 51% share of total imports. Moreover, temporarily preserved vegetable imports from Spain exceeded the figures recorded by the second-largest supplier, China (X tons), twofold. The third position in this ranking was held by Italy (X tons), with a 16% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Spain stood at +42.2%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-6.4% per year) and Italy (-5.8% per year).

In value terms, Spain ($X) constituted the largest supplier of vegetables (temporarily preserved) to Angola, comprising 75% of total imports. The second position in the ranking was held by China ($X), with a 10% share of total imports. It was followed by Italy, with a 4.8% share.

From 2012 to 2022, the average annual growth rate of value from Spain totaled +31.1%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-15.5% per year) and Italy (-11.1% per year).

Import Prices by Country

The average temporarily preserved vegetable import price stood at $X per ton in 2022, waning by -2.1% against the previous year. In general, the import price continues to indicate a perceptible shrinkage. The most prominent rate of growth was recorded in 2021 an increase of 54% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Portugal (+8.8%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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