Brown Rice Price in Angola - 2022
Contents:
- Brown Rice Price in Angola (CIF) - 2022
- Brown Rice Price in Angola (FOB) - 2022
- Brown Rice Imports in Angola
- Brown Rice Exports in Angola
Brown Rice Price in Angola (CIF) - 2022
The average brown rice import price stood at $667 per ton in 2022, with an increase of 12% against the previous year. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2018 when the average import price increased by 48%. As a result, import price attained the peak level of $999 per ton. From 2019 to 2022, the average 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 the UK ($981 per ton), while the price for Myanmar ($390 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+2.8%), while the prices for the other major suppliers experienced a decline.
Brown Rice Price in Angola (FOB) - 2022
The average brown rice export price stood at $256 per ton in 2022, increasing by 15% against the previous year. Over the period under review, the export price, however, continues to indicate a deep setback. The most prominent rate of growth was recorded in 2016 when the average export price increased by 44%. The export price peaked at $564 per ton in 2012; however, from 2013 to 2022, the 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 2012 to 2022, the rate of growth in terms of prices for Democratic Republic of the Congo amounted to -7.7% per year.
Brown Rice Imports in Angola
In 2022, purchases abroad of husked (brown) rice increased by 18% to 59K tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, imports, however, recorded a drastic downturn.
In value terms, brown rice imports surged to $39M in 2022. Overall, imports, however, showed a abrupt setback.
| Import of Brown Rice in Angola (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Thailand | 42.8 | 39.6 | 10.5 | 26.7 | -14.6% |
| India | 0.7 | 0.6 | 5.7 | 6.5 | 110.2% |
| Turkey | N/A | 2.0 | 1.8 | 1.7 | -7.8% |
| United Kingdom | 0.1 | 1.5 | 1.3 | 1.2 | 128.9% |
| Singapore | 0.7 | 0.8 | 0.7 | 0.7 | 0.0% |
| Myanmar | 0.9 | 0.3 | 0.6 | 0.5 | -17.8% |
| Others | 1.9 | 4.4 | 9.2 | 2.1 | 3.4% |
| Total | 47.2 | 49.2 | 29.6 | 39.4 | -5.8% |
Top Suppliers of Brown Rice to Angola in 2022:
- Thailand (40.4K tons)
- India (10.3K tons)
- Turkey (1.8K tons)
- Singapore (1.5K tons)
- Myanmar (1.4K tons)
- United Kingdom (1.2K tons)
Brown Rice Exports in Angola
In 2022, after three years of growth, there was decline in overseas shipments of husked (brown) rice, when their volume decreased by -2.4% to 5.2 tons. The total export volume increased at an average annual rate of +1.7% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. The growth pace was the most rapid in 2021 with an increase of 5.3%. As a result, the exports attained the peak of 5.4 tons, and then declined in the following year.
In value terms, brown rice exports expanded notably to $1.3K in 2022. Overall, exports showed a abrupt downturn.
| Export of Brown Rice in Angola (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Democratic Republic of the Congo | 1.6 | 1.5 | 1.2 | 1.3 | -6.7% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 1.7 | 1.5 | 1.2 | 1.3 | -8.6% |
Top Export Markets for Brown Rice from Angola in 2022:
- Democratic Republic of the Congo (5.2 tons)
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