Angola: Market for Wine Of Fresh Grapes (Except Sparkling Wine) 2024

Market Size for Wine Of Fresh Grapes (Except Sparkling Wine) in Angola

In 2022, the Angolan wine of fresh grapes market increased by 34% to $X for the first time since 2019, thus ending a two-year declining trend. Overall, consumption continues to indicate a relatively flat trend pattern. Over the period under review, the market attained the peak level at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Production of Wine Of Fresh Grapes (Except Sparkling Wine) in Angola

In value terms, wine of fresh grapes production contracted to $X in 2022 estimated in export price. In general, production, however, continues to indicate strong growth. The most prominent rate of growth was recorded in 2014 with an increase of 186%. Over the period under review, production hit record highs at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

Exports of Wine Of Fresh Grapes (Except Sparkling Wine)

Exports from Angola

In 2022, the amount of wine of fresh grapes (except sparkling wine) exported from Angola dropped markedly to X litres, shrinking by -90.2% on the previous year. Over the period under review, exports recorded a abrupt descent. The most prominent rate of growth was recorded in 2016 with an increase of 464%. Over the period under review, the exports reached the maximum at X litres in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

In value terms, wine of fresh grapes exports plummeted to $X in 2022. Overall, exports faced a deep slump. The most prominent rate of growth was recorded in 2016 with an increase of 332%. Over the period under review, the exports reached the peak figure at $X in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

Exports by Country

Democratic Republic of the Congo (X litres) was the main destination for wine of fresh grapes exports from Angola, accounting for a 62% share of total exports. Moreover, wine of fresh grapes exports to Democratic Republic of the Congo exceeded the volume sent to the second major destination, Congo (X litres), twofold. The third position in this ranking was taken by Sao Tome and Principe (X litres), with a 3.4% share.

From 2015 to 2022, the average annual growth rate of volume to Democratic Republic of the Congo totaled -17.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Congo (+6.8% per year) and Sao Tome and Principe (-8.0% per year).

In value terms, Democratic Republic of the Congo ($X) remains the key foreign market for wine of fresh grapes (except sparkling wine) exports from Angola, comprising 76% of total exports. The second position in the ranking was held by Congo ($X), with a 17% share of total exports. It was followed by Singapore, with a 2.3% share.

From 2015 to 2022, the average annual rate of growth in terms of value to Democratic Republic of the Congo stood at -16.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Congo (-0.1% per year) and Singapore (-67.9% per year).

Export Prices by Country

In 2022, the average wine of fresh grapes export price amounted to $X per litre, surging by 17% against the previous year. Overall, the export price, however, continues to indicate a deep reduction. The pace of growth was the most pronounced in 2019 when the average export price increased by 56% against the previous year. As a result, the export price attained the peak level of $X per litre. From 2020 to 2022, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Democratic Republic of the Congo ($X per litre), while the average price for exports to Sao Tome and Principe ($X per litre) 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 (+1.8%), while the prices for the other major destinations experienced a decline.

Imports of Wine Of Fresh Grapes (Except Sparkling Wine)

Imports into Angola

In 2022, overseas purchases of wine of fresh grapes (except sparkling wine) increased by 190% to X litres for the first time since 2013, thus ending a eight-year declining trend. Over the period under review, imports, however, saw a abrupt descent. Over the period under review, imports attained the maximum at X litres in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

In value terms, wine of fresh grapes imports skyrocketed to $X in 2022. In general, imports, however, showed a perceptible slump. Imports peaked at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Portugal (X litres) constituted the largest wine of fresh grapes supplier to Angola, accounting for a 80% share of total imports. Moreover, wine of fresh grapes imports from Portugal exceeded the figures recorded by the second-largest supplier, Spain (X litres), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume from Portugal amounted to -6.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (-13.9% per year) and Italy (+66.8% per year).

In value terms, Portugal ($X) constituted the largest supplier of wine of fresh grapes (except sparkling wine) to Angola, comprising 85% of total imports. The second position in the ranking was held by Spain ($X), with a 3.3% share of total imports.

From 2012 to 2022, the average annual growth rate of value from Portugal stood at -4.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (-16.3% per year) and Italy (+42.0% per year).

Import Prices by Country

The average wine of fresh grapes import price stood at $X per litre in 2022, growing by 23% against the previous year. In general, import price indicated a slight expansion from 2012 to 2022: its price increased at an average annual rate of +1.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2017 an increase of 66%. The import price peaked in 2022 and is likely to see gradual growth in years to come.

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 Portugal ($X per litre), while the price for Spain ($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 (+2.3%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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