Angola: Wine Market 2024

Wine Market Size in Angola

In 2022, the Angolan wine market was finally on the rise to reach $X for the first time since 2019, thus ending a two-year declining trend. Over the period under review, consumption recorded resilient growth. Wine consumption peaked at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Wine Production in Angola

In value terms, wine production contracted slightly to $X in 2022 estimated in export price. Overall, production, however, continues to indicate a strong increase. The most prominent rate of growth was recorded in 2018 with an increase of X%. As a result, production attained the peak level of $X. From 2019 to 2022, production growth remained at a somewhat lower figure.

Wine Exports

Exports from Angola

In 2022, the amount of wine and grape must exported from Angola shrank remarkably to X litres, waning by X% on the year before. In general, exports, however, showed a significant expansion. The pace of growth was the most pronounced in 2015 with an increase of X%. Over the period under review, the exports hit record highs at X litres in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

In value terms, wine exports dropped rapidly to $X in 2022. Over the period under review, exports, however, showed significant growth. The most prominent rate of growth was recorded in 2015 when exports increased by X% against the previous year. The exports peaked at $X in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Democratic Republic of the Congo (X litres) was the main destination for wine exports from Angola, accounting for a X% share of total exports. Moreover, wine exports to Democratic Republic of the Congo exceeded the volume sent to the second major destination, Congo (X litres), fivefold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Democratic Republic of the Congo stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Congo (X% per year) and South Africa (X% per year).

In value terms, Democratic Republic of the Congo ($X) remains the key foreign market for wine and grape must exports from Angola, comprising X% of total exports. The second position in the ranking was held by Congo ($X), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Democratic Republic of the Congo totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Congo (X% per year) and South Africa (X% per year).

Export Prices by Country

The average wine export price stood at $X per litre in 2022, jumping by X% against the previous year. Over the period under review, the export price, however, showed a abrupt decline. The growth pace was the most rapid in 2017 an increase of X%. The export price peaked at $X per litre in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Democratic Republic of the Congo ($X per litre), while the average price for exports to Congo ($X per litre) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Congo (X%), while the prices for the other major destinations experienced a decline.

Wine Imports

Imports into Angola

In 2022, after eight years of decline, there was significant growth in supplies from abroad of wine and grape must, when their volume increased by X% to X litres. In general, imports, however, recorded a abrupt descent. Over the period under review, imports attained the peak figure at X litres in 2013; however, from 2014 to 2022, imports failed to regain momentum.

In value terms, wine imports surged to $X in 2022. Overall, imports, however, recorded a abrupt downturn. Over the period under review, imports attained the peak figure at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Portugal (X litres) constituted the largest wine supplier to Angola, with a X% share of total imports. Moreover, wine imports from Portugal exceeded the figures recorded by the second-largest supplier, Spain (X litres), more than tenfold. The third position in this ranking was taken by Italy (X litres), with a X% share.

From 2012 to 2022, the average annual growth rate of volume from Portugal totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (X% per year) and Italy (X% per year).

In value terms, Portugal ($X) constituted the largest supplier of wine and grape must to Angola, comprising X% of total imports. The second position in the ranking was held by Spain ($X), with a X% share of total imports. It was followed by Italy, with a X% share.

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

Import Prices by Country

The average wine import price stood at $X per litre in 2022, surging by X% against the previous year. In general, import price indicated a modest expansion from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2017 when the average import price increased by X%. Over the period under review, average import prices hit record highs at $X per litre in 2018; however, from 2019 to 2022, import prices failed to regain momentum.

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 ($X per litre), while the price for Spain ($X per litre) was amongst the lowest.

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

Source: IndexBox Platform

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