Price for Cereal Groats and Meal; of Wheat in Angola - 2022

Price for Cereal Groats and Meal; of Wheat in Angola (CIF) - 2022

In 2022, the average import price for cereal groats and meal; of wheats amounted to $551 per ton, picking up by 15% against the previous year. Over the period under review, the import price, however, showed a noticeable decrease. The most prominent rate of growth was recorded in 2021 when the average import price increased by 36%. Over the period under review, average import prices hit record highs at $855 per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Turkey ($559 per ton), while the price for Latvia totaled $440 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (-3.7%).

Price for Cereal Groats and Meal; of Wheat in Angola (FOB) - 2022

In 2022, the average export price for cereal groats and meal; of wheats amounted to $792 per ton, which is down by -2.5% against the previous year. Overall, the export price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when the average export price increased by 8.3%. As a result, the export price reached the peak level of $834 per ton. From 2020 to 2022, the average export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for Democratic Republic of the Congo.

From 2018 to 2022, the rate of growth in terms of prices for Democratic Republic of the Congo amounted to +0.7% per year.

Imports of Cereal Groats and Meal; of Wheat in Angola

In 2022, approx. 32K tons of cereal groats and meal; of wheats were imported into Angola; picking up by 28% against 2021. In general, imports continue to indicate significant growth. The pace of growth was the most pronounced in 2020 when imports increased by 108%. Over the period under review, imports of reached the peak figure in 2022 and are likely to continue growth in years to come.

In value terms, imports of cereal groats and meal; of wheats skyrocketed to $17M in 2022. Over the period under review, imports saw a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 114%. Over the period under review, imports of hit record highs in 2022 and are likely to see steady growth in years to come.

Import of Cereal Groats and Meal; of Wheat in Angola (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Turkey	2.9	6.2	11.4	16.5	78.5%
Latvia	N/A	N/A	N/A	0.9	0%
Others	N/A	N/A	0.4	N/A	0%
Total	2.9	6.3	11.9	17.4	81.7%

Top Suppliers of Cereal Groats and Meal; of Wheat to Angola in 2022:

Turkey (29.5K tons)
Latvia (2.1K tons)

Exports of Cereal Groats and Meal; of Wheat in Angola

In 2022, the amount of cereal groats and meal; of wheats exported from Angola skyrocketed to 7.7 tons, increasing by 38% against the previous year. Over the period under review, total exports indicated a significant increase from 2019 to 2022: its volume increased at an average annual rate of +24.0% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +90.5% against 2019 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, exports of cereal groats and meal; of wheats soared to $6.1K in 2022. Overall, total exports indicated a significant expansion from 2019 to 2022: its value increased at an average annual rate of +21.9% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +81.1% against 2019 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.