Angola: Market for Vegetables (Preserved, Frozen) 2024

Market Size for Vegetables (Preserved, Frozen) in Angola

In 2022, the Angolan preserved and frozen vegetable market increased by 157% to $X for the first time since 2019, thus ending a two-year declining trend. Over the period under review, consumption showed mild growth. Preserved and frozen vegetable consumption peaked at $X in 2014; however, from 2015 to 2022, consumption remained at a lower figure.

Production of Vegetables (Preserved, Frozen) in Angola

In value terms, preserved and frozen vegetable production stood at $X in 2022 estimated in export price. In general, production recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 with a decrease of 99.9% against the previous year. Over the period under review, production attained the peak level in 2022 and is expected to retain growth in the near future.

Exports of Vegetables (Preserved, Frozen)

Exports from Angola

In 2022, shipments abroad of vegetables (preserved, frozen) increased by 16% to X kg, rising for the second year in a row after three years of decline. Overall, exports, however, recorded a noticeable decrease. The growth pace was the most rapid in 2021 with an increase of 368%. The exports peaked at X kg in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, preserved and frozen vegetable exports skyrocketed to $X in 2022. Over the period under review, exports saw a notable increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Portugal (X kg), Finland (X kg) and Democratic Republic of the Congo (X kg) were the main destinations of preserved and frozen vegetable exports from Angola.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Portugal (with a CAGR of +7.1%), while the other leaders experienced mixed trend patterns.

In value terms, the largest markets for preserved and frozen vegetable exported from Angola were Finland ($X), Portugal ($X) and Democratic Republic of the Congo ($X).

In terms of the main countries of destination, Portugal, with a CAGR of +18.1%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average preserved and frozen vegetable export price stood at $X per ton in 2022, increasing by 552% against the previous year. Overall, the export price showed a resilient expansion. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Finland ($X per ton), while the average price for exports to Democratic Republic of the Congo ($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 Singapore (+60.8%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Vegetables (Preserved, Frozen)

Imports into Angola

In 2022, after three years of decline, there was significant growth in overseas purchases of vegetables (preserved, frozen), when their volume increased by 158% to X tons. Overall, imports continue to indicate a modest increase. Over the period under review, imports reached the peak figure at X tons in 2014; however, from 2015 to 2022, imports remained at a lower figure.

In value terms, preserved and frozen vegetable imports surged to $X in 2022. Over the period under review, total imports indicated a slight expansion from 2012 to 2022: its value increased at an average annual rate of +1.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Imports peaked at $X in 2016; however, from 2017 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Belgium (X tons) constituted the largest preserved and frozen vegetable supplier to Angola, with a 48% share of total imports. Moreover, preserved and frozen vegetable imports from Belgium exceeded the figures recorded by the second-largest supplier, Brazil (X tons), threefold. The third position in this ranking was taken by Portugal (X tons), with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Belgium stood at +5.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (+20.9% per year) and Portugal (-1.3% per year).

In value terms, Belgium ($X) constituted the largest supplier of vegetables (preserved, frozen) to Angola, comprising 45% of total imports. The second position in the ranking was held by Portugal ($X), with a 15% share of total imports. It was followed by Brazil, with an 11% share.

From 2012 to 2022, the average annual growth rate of value from Belgium totaled +8.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Portugal (-4.1% per year) and Brazil (+22.0% per year).

Import Prices by Country

The average preserved and frozen vegetable import price stood at $X per ton in 2022, approximately equating the previous year. Over the period under review, the import price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 when the average import price increased by 55%. Over the period under review, average import prices reached the peak figure at $X per ton in 2017; however, from 2018 to 2022, import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+5.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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