Angola: Tomato Puree Market 2024

Tomato Puree Market Size in Angola

In 2022, the Angolan tomato puree market increased by 7% to $X for the first time since 2019, thus ending a two-year declining trend. Over the period under review, consumption, however, recorded a pronounced curtailment. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Tomato Puree Production in Angola

In value terms, tomato puree production fell to $X in 2022 estimated in export price. Overall, production recorded a deep downturn. The most prominent rate of growth was recorded in 2019 when the production volume increased by 110% against the previous year. Over the period under review, production hit record highs at $X in 2016; however, from 2017 to 2022, production remained at a lower figure.

Tomato Puree Exports

Exports from Angola

After two years of decline, shipments abroad of tomato puree and paste increased by 178% to X tons in 2022. In general, exports continue to indicate a tangible increase. The most prominent rate of growth was recorded in 2015 when exports increased by 248%. The exports peaked at X tons in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, tomato puree exports skyrocketed to $X in 2022. Overall, exports saw moderate growth. The pace of growth appeared the most rapid in 2015 when exports increased by 364% against the previous year. The exports peaked at $X in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Congo (X tons), Spain (X kg) and Democratic Republic of the Congo (X kg) were the main destinations of tomato puree exports from Angola, together accounting for 79% of total exports. Namibia and Panama lagged somewhat behind, together accounting for a further 21%.

From 2012 to 2022, the biggest increases were recorded for Namibia (with a CAGR of +93.2%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Spain ($X) emerged as the key foreign market for tomato puree and paste exports from Angola, comprising 61% of total exports. The second position in the ranking was taken by Namibia ($X), with a 17% share of total exports. It was followed by Democratic Republic of the Congo, with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Spain stood at +44.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Namibia (+44.9% per year) and Democratic Republic of the Congo (-15.9% per year).

Export Prices by Country

The average tomato puree export price stood at $X per ton in 2022, therefore, remained relatively stable against the previous year. Overall, the export price showed a mild reduction. The most prominent rate of growth was recorded in 2018 an increase of 34% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2019 to 2022, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Spain ($X per ton), while the average price for exports to Congo ($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 Democratic Republic of the Congo (-6.4%), while the prices for the other major destinations experienced a decline.

Tomato Puree Imports

Imports into Angola

Tomato puree imports into Angola soared to X tons in 2022, surging by 47% on the previous year's figure. Over the period under review, imports, however, recorded a deep slump. The growth pace was the most rapid in 2017 when imports increased by 142%. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, tomato puree imports skyrocketed to $X in 2022. In general, imports, however, faced a abrupt setback. The growth pace was the most rapid in 2017 with an increase of 161%. Imports peaked at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X tons) constituted the largest tomato puree supplier to Angola, with a 86% share of total imports. Moreover, tomato puree imports from China exceeded the figures recorded by the second-largest supplier, Italy (X tons), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume from China stood at -5.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (-26.4% per year) and Portugal (-15.2% per year).

In value terms, China ($X) constituted the largest supplier of tomato puree and paste to Angola, comprising 82% of total imports. The second position in the ranking was taken by Italy ($X), with a 12% share of total imports.

From 2012 to 2022, the average annual growth rate of value from China totaled -5.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (-22.5% per year) and Portugal (-15.3% per year).

Import Prices by Country

The average tomato puree import price stood at $X per ton in 2022, declining by -5.5% against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2016 when the average import price increased by 39% against the previous year. The import price peaked at $X per ton in 2017; however, from 2018 to 2022, import prices stood at a somewhat 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 Italy ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+5.4%).

Source: IndexBox Platform

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