Milled Rice Price in Angola - 2022
Contents:
- Milled Rice Price in Angola (CIF) - 2022
- Milled Rice Price in Angola (FOB) - 2022
- Milled Rice Imports in Angola
- Milled Rice Exports in Angola
Milled Rice Price in Angola (CIF) - 2022
In 2022, the average milled rice import price amounted to $577 per ton, with an increase of 12% against the previous year. Overall, the import price saw a relatively flat trend pattern. The growth pace was the most rapid in 2019 when the average import price increased by 40% against the previous year. The import price peaked at $640 per ton in 2020; however, from 2021 to 2022, import prices remained at a lower figure.
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 Pakistan ($769 per ton), while the price for Congo ($337 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Pakistan (+6.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Milled Rice Price in Angola (FOB) - 2022
In 2022, the average milled rice export price amounted to $753 per ton, picking up by 5.6% against the previous year. In general, the export price, however, continues to indicate a perceptible shrinkage. The export price peaked at $954 per ton in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Spain ($6,052 per ton), while the average price for exports to Democratic Republic of the Congo amounted to $556 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Spain (+11.7%).
Milled Rice Imports in Angola
In 2022, milled rice imports into Angola totaled 432K tons, increasing by 1.9% against the year before. The total import volume increased at an average annual rate of +7.7% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2020 when imports increased by 27% against the previous year. As a result, imports reached the peak of 439K tons. From 2021 to 2022, the growth of imports failed to regain momentum.
In value terms, milled rice imports expanded rapidly to $249M in 2022. The total import value increased at an average annual rate of +5.1% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 when imports increased by 31%. As a result, imports reached the peak of $281M. From 2021 to 2022, the growth of imports remained at a lower figure.
| Import of Milled Rice in Angola (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 69.7 | 137 | 164 | 180 | 37.2% |
| Myanmar | 16.8 | 26.9 | 18.6 | 25.1 | 14.3% |
| Thailand | 18.9 | 15.5 | 7.6 | 7.9 | -25.2% |
| Vietnam | 33.5 | 7.4 | 1.2 | 6.2 | -43.0% |
| Pakistan | 4.6 | 25.2 | 0.9 | 5.2 | 4.2% |
| Brazil | 31.0 | 35.0 | 5.7 | 4.4 | -47.8% |
| Congo | 2.2 | 1.7 | 3.1 | 3.2 | 13.3% |
| Others | 37.7 | 32.4 | 16.6 | 17.5 | -22.6% |
| Total | 214 | 281 | 217 | 249 | 5.2% |
Top Suppliers of Milled Rice to Angola in 2022:
- India (310.5K tons)
- Myanmar (59.8K tons)
- Thailand (12.2K tons)
- Congo (9.6K tons)
- Vietnam (9.2K tons)
- Pakistan (6.7K tons)
- Brazil (6.6K tons)
Milled Rice Exports in Angola
In 2022, after three years of growth, there was significant decline in shipments abroad of semi-milled or wholly milled (bleached) rice, when their volume decreased by -40.1% to 45 tons. Over the period under review, exports, however, enjoyed a significant increase. The pace of growth was the most pronounced in 2021 when exports increased by 407% against the previous year. As a result, the exports attained the peak of 76 tons, and then fell remarkably in the following year.
In value terms, milled rice exports contracted significantly to $34K in 2022. Overall, exports, however, posted significant growth. The most prominent rate of growth was recorded in 2021 when exports increased by 279%. As a result, the exports attained the peak of $54K, and then fell remarkably in the following year.
| Export of Milled Rice in Angola (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Democratic Republic of the Congo | 13.1 | 13.7 | 43.5 | 24.2 | 22.7% |
| Spain | 0.2 | 0.3 | 9.6 | 9.1 | 257.0% |
| Others | 0.2 | 0.2 | 0.9 | 0.7 | 51.8% |
| Total | 13.5 | 14.2 | 53.9 | 34.1 | 36.2% |
Top Export Markets for Milled Rice from Angola in 2022:
- Democratic Republic of the Congo (43.5 tons)
- Spain (1.5 tons)
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