Angola: Bread And Bakery Market 2024

Bread And Bakery Market Size in Angola

The Angolan bread and bakery market totaled $X in 2023, stabilizing at the previous year. In general, consumption recorded a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2021; afterwards, it flattened through to 2023.

Bread And Bakery Production in Angola

In value terms, bread and bakery production reached $X in 2023 estimated in export price. Overall, production recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when the production volume increased by X% against the previous year. Over the period under review, production hit record highs at $X in 2021; afterwards, it flattened through to 2023.

Bread And Bakery Exports

Exports from Angola

In 2023, overseas shipments of bread and bakery increased by X% to X tons for the first time since 2019, thus ending a three-year declining trend. In general, exports, however, saw a abrupt setback. The pace of growth was the most pronounced in 2019 with an increase of X%. As a result, the exports reached the peak of X tons. From 2020 to 2023, the growth of the exports failed to regain momentum.

In value terms, bread and bakery exports skyrocketed to $X in 2023. Over the period under review, exports, however, recorded a abrupt curtailment. The most prominent rate of growth was recorded in 2018 when exports increased by X% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2019; however, from 2020 to 2023, the exports failed to regain momentum.

Exports by Country

Democratic Republic of the Congo (X tons) was the main destination for bread and bakery exports from Angola, with a X% share of total exports. Moreover, bread and bakery exports to Democratic Republic of the Congo exceeded the volume sent to the second major destination, Germany (X tons), sevenfold.

From 2012 to 2023, the average annual growth rate of volume to Democratic Republic of the Congo stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (X% per year) and Namibia (X% per year).

In value terms, Democratic Republic of the Congo ($X) remains the key foreign market for bread and bakery exports from Angola, comprising X% of total exports. The second position in the ranking was taken by Germany ($X), with a X% share of total exports.

From 2012 to 2023, the average annual growth rate of value to Democratic Republic of the Congo totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (X% per year) and Namibia (X% per year).

Export Prices by Country

In 2023, the average bread and bakery export price amounted to $X per ton, jumping by X% against the previous year. Over the period under review, the export price recorded strong growth. The pace of growth was the most pronounced in 2020 when the average export price increased by X% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per ton in 2021; however, from 2022 to 2023, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2023, amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to Namibia ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Democratic Republic of the Congo (X%), while the prices for the other major destinations experienced more modest paces of growth.

Bread And Bakery Imports

Imports into Angola

Bread and bakery imports into Angola rose modestly to X tons in 2023, surging by X% on the previous year. Overall, imports, however, showed a abrupt contraction. The pace of growth was the most pronounced in 2021 with an increase of X%. Imports peaked at X tons in 2013; however, from 2014 to 2023, imports failed to regain momentum.

In value terms, bread and bakery imports amounted to $X in 2023. In general, imports, however, showed a drastic downturn. The most prominent rate of growth was recorded in 2021 when imports increased by X%. Imports peaked at $X in 2014; however, from 2015 to 2023, imports stood at a somewhat lower figure.

Imports by Country

In 2023, India (X tons) constituted the largest bread and bakery supplier to Angola, accounting for a X% share of total imports. Moreover, bread and bakery imports from India exceeded the figures recorded by the second-largest supplier, Brazil (X tons), threefold. The third position in this ranking was held by Portugal (X tons), with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of volume from India was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (X% per year) and Portugal (X% per year).

In value terms, Brazil ($X), India ($X) and Portugal ($X) were the largest bread and bakery suppliers to Angola, with a combined X% share of total imports. Iraq, South Africa, Argentina, Turkey, Tunisia and Namibia lagged somewhat behind, together comprising a further X%.

Among the main suppliers, Iraq, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2023, the average bread and bakery import price amounted to $X per ton, which is down by X% against the previous year. In general, the import price showed a pronounced curtailment. The pace of growth was the most pronounced in 2018 when the average import price increased by X% against the previous year. The import price peaked at $X per ton in 2014; however, from 2015 to 2023, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was Portugal ($X per ton), while the price for India ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Portugal (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform