Price for Cereal Groats; Meal and Pellets in Angola - 2022

Contents:

  1. Price for Cereal Groats; Meal and Pellets in Angola (CIF) - 2022
  2. Price for Cereal Groats; Meal and Pellets in Angola (FOB) - 2022
  3. Imports of Cereal Groats; Meal and Pellets in Angola
  4. Exports of Cereal Groats; Meal and Pellets in Angola

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

In 2022, the average import price for cereal groats; meal and pelletses amounted to $348 per ton, dropping by -3.5% against the previous year. Overall, the import price saw a perceptible reduction. The pace of growth was the most pronounced in 2017 an increase of 13%. Over the period under review, average import prices attained the maximum at $468 per ton in 2012; however, from 2013 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 Portugal ($457 per ton), while the price for Turkey ($285 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Congo (+46.7%), while the prices for the other major suppliers experienced more modest paces of growth.

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

The average export price for cereal groats; meal and pelletses stood at $622 per ton in 2022, with a decrease of -5.8% against the previous year. Over the period under review, the export price showed a pronounced decrease. The most prominent rate of growth was recorded in 2021 when the average export price increased by 7.4%. The export price peaked at $853 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 -3.1% per year.

Imports of Cereal Groats; Meal and Pellets in Angola

In 2022, the amount of cereal groats; meal and pelletses imported into Angola shrank remarkably to 124K tons, waning by -30.4% on the previous year's figure. In general, imports, however, posted a buoyant increase. The pace of growth appeared the most rapid in 2021 when imports increased by 160%. As a result, imports reached the peak of 178K tons, and then shrank sharply in the following year.

In value terms, cereal groats; meal and pellets imports reduced sharply to $43M in 2022. Over the period under review, imports, however, showed a significant expansion. The growth pace was the most rapid in 2021 with an increase of 192%. As a result, imports reached the peak of $64M, and then shrank sharply in the following year.

Import of Cereal Groats; Meal and Pellets in Angola (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
South Africa0.92.012.124.0198.8%
SpainN/AN/AN/A3.50%
Portugal0.41.22.92.173.8%
Turkey15.73.76.01.7-52.3%
Ukraine0.10.64.80.9108.0%
Brazil1.11.42.30.4-28.6%
Belgium0.91.10.70.2-39.4%
Poland0.61.11.50.2-30.7%
CongoN/A6.55.7N/A-12.3%
Romania0.51.1N/AN/A120.0%
Others1.63.128.210.184.8%
Total21.922.064.243.125.3%

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

  1. South Africa (78.0K tons)
  2. Spain (8.9K tons)
  3. Turkey (6.0K tons)
  4. Portugal (4.6K tons)
  5. Ukraine (2.2K tons)
  6. Brazil (1.1K tons)
  7. Poland (0.5K tons)
  8. Belgium (0.4K tons)

Exports of Cereal Groats; Meal and Pellets in Angola

In 2022, overseas shipments of cereal groats; meal and pelletses increased by 205% to 174 tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports, however, saw a significant decline.

In value terms, cereal groats; meal and pellets exports surged to $108K in 2022. Overall, exports, however, saw a dramatic curtailment.

Export of Cereal Groats; Meal and Pellets in Angola (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Democratic Republic of the Congo21017637.3108-19.9%
Others0.62.60.3N/A-29.3%
Total21017837.6108-19.9%

Top Export Markets for Cereal Groats; Meal and Pellets from Angola in 2022:

  1. Democratic Republic of the Congo (173.6 tons)

Source: IndexBox Market Intelligence Platform

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