Angola: Tomato Ketchup Market 2024

Tomato Ketchup Market Size in Angola

The Angolan tomato ketchup market rose modestly to $X in 2022, picking up by 3.2% against the previous year. Overall, the total consumption indicated perceptible growth from 2012 to 2022: its value increased at an average annual rate of +4.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -3.2% against 2020 indices. Tomato ketchup consumption peaked at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Tomato Ketchup Production in Angola

In value terms, tomato ketchup production amounted to $X in 2022 estimated in export price. Overall, the total production indicated a measured increase from 2012 to 2022: its value increased at an average annual rate of +4.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -4.0% against 2020 indices. The pace of growth appeared the most rapid in 2015 when the production volume increased by 91%. Tomato ketchup production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Tomato Ketchup Exports

Exports from Angola

Tomato ketchup exports from Angola declined to X kg in 2022, reducing by -8.2% against 2021 figures. In general, exports, however, enjoyed a buoyant increase. The pace of growth was the most pronounced in 2014 when exports increased by 541% against the previous year. Over the period under review, the exports hit record highs at X tons in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

In value terms, tomato ketchup exports shrank slightly to $X in 2022. Overall, exports, however, continue to indicate a significant expansion. The pace of growth appeared the most rapid in 2018 when exports increased by 1,031% against the previous year. Over the period under review, the exports hit record highs at $X in 2021, and then dropped modestly in the following year.

Exports by Country

Spain (X kg), Namibia (X kg) and Democratic Republic of the Congo (X kg) were the main destinations of tomato ketchup exports from Angola, with a combined 86% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Namibia (with a CAGR of +59.2%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Spain ($X) emerged as the key foreign market for tomato ketchup and tomato sauces exports from Angola, comprising 56% of total exports. The second position in the ranking was taken by Democratic Republic of the Congo ($X), with an 18% share of total exports. It was followed by Panama, with a 14% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Spain amounted to +26.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Democratic Republic of the Congo (+14.5% per year) and Panama (+17.3% per year).

Export Prices by Country

In 2022, the average tomato ketchup export price amounted to $X per ton, growing by 3.8% against the previous year. In general, the export price saw a modest expansion. The pace of growth was the most pronounced in 2018 an increase of 127%. The export price peaked in 2022 and is likely to see steady growth in the near future.

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 Panama ($X per ton), while the average price for exports to Bahamas ($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 Panama (+14.1%), while the prices for the other major destinations experienced more modest paces of growth.

Tomato Ketchup Imports

Imports into Angola

Tomato ketchup imports into Angola fell remarkably to X tons in 2022, with a decrease of -19.4% against 2021 figures. Over the period under review, imports saw a deep contraction. The most prominent rate of growth was recorded in 2016 with an increase of 72%. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, tomato ketchup imports dropped rapidly to $X in 2022. Overall, imports saw a noticeable decrease. The most prominent rate of growth was recorded in 2014 with an increase of 78%. Imports peaked at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Belgium (X tons) constituted the largest supplier of tomato ketchup to Angola, accounting for a 33% share of total imports. Moreover, tomato ketchup imports from Belgium exceeded the figures recorded by the second-largest supplier, Turkey (X tons), twofold. Portugal (X tons) ranked third in terms of total imports with a 13% share.

From 2012 to 2022, the average annual growth rate of volume from Belgium stood at -2.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+25.2% per year) and Portugal (-9.2% per year).

In value terms, the largest tomato ketchup suppliers to Angola were Belgium ($X), Portugal ($X) and the Netherlands ($X), together comprising 69% of total imports. Turkey, Singapore, Bosnia and Herzegovina, the United Arab Emirates and Brazil lagged somewhat behind, together accounting for a further 21%.

Among the main suppliers, Bosnia and Herzegovina, with a CAGR of +196.0%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average tomato ketchup import price stood at $X per ton in 2022, growing by 2.3% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the average import price increased by 32%. As a result, import price attained the peak level of $X per ton. From 2015 to 2022, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Singapore ($X per ton), while the price for the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (+5.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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