Angola: Cereal Market 2024

Cereal Market Size in Angola

The Angolan cereal market expanded rapidly to $X in 2022, rising by X% against the previous year. Overall, consumption continues to indicate a significant increase. Cereal consumption peaked in 2022 and is expected to retain growth in the near future.

Cereal Production in Angola

In value terms, cereal production surged to $X in 2022 estimated in export price. In general, production posted a significant increase. The pace of growth appeared the most rapid in 2018 when the production volume increased by X%. Cereal production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

The average yield of cereals in Angola declined modestly to X kg per ha in 2022, approximately reflecting 2021. The yield figure increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2013 when the yield increased by X%. Over the period under review, the average cereal yield reached the maximum level at X tons per ha in 2021, and then reduced slightly in the following year. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, approx. X ha of cereals were harvested in Angola; remaining stable against 2021. Overall, the harvested area showed a resilient increase. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. The cereal harvested area peaked at X ha in 2020; afterwards, it flattened through to 2022.

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Cereal Exports

Exports from Angola

In 2022, overseas shipments of cereals increased by X% to X tons for the first time since 2019, thus ending a two-year declining trend. Overall, exports showed a prominent increase. The most prominent rate of growth was recorded in 2019 when exports increased by X% against the previous year. As a result, the exports attained the peak of X tons. From 2020 to 2022, the growth of the exports failed to regain momentum.

In value terms, cereal exports skyrocketed to $X in 2022. Over the period under review, exports posted prominent growth. The most prominent rate of growth was recorded in 2019 when exports increased by X%. As a result, the exports reached the peak of $X. From 2020 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Congo (X tons), Democratic Republic of the Congo (X tons) and Namibia (X kg) were the main destinations of cereal exports from Angola, with a combined X% share of total exports.

From 2015 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Congo (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for cereal exported from Angola were Congo ($X), Democratic Republic of the Congo ($X) and Namibia ($X), with a combined X% share of total exports.

In terms of the main countries of destination, Congo, with a CAGR of X%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

The average cereal export price stood at $X per ton in 2022, surging by X% against the previous year. Over the period under review, the export price, however, continues to indicate a abrupt downturn. The most prominent rate of growth was recorded in 2018 an increase of X%. The export price peaked at $X per ton in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Namibia ($X per ton), while the average price for exports to Congo ($X per ton) was amongst the lowest.

From 2015 to 2022, 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 a decline.

Cereal Imports

Imports into Angola

In 2022, approx. X tons of cereals were imported into Angola; rising by X% on 2021. In general, imports showed significant growth. The pace of growth appeared the most rapid in 2017 with an increase of X%. Imports peaked in 2022 and are likely to see steady growth in the near future.

In value terms, cereal imports surged to $X in 2022. Overall, imports enjoyed a significant increase. The most prominent rate of growth was recorded in 2018 when imports increased by X% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the near future.

Imports by Country

In 2022, Argentina (X tons) constituted the largest cereal supplier to Angola, with a X% share of total imports. Moreover, cereal imports from Argentina exceeded the figures recorded by the second-largest supplier, France (X tons), twofold. Poland (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Argentina stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: France (X% per year) and Poland (X,441.5% per year).

In value terms, Argentina ($X) constituted the largest supplier of cereals to Angola, comprising X% of total imports. The second position in the ranking was held by France ($X), with a X% share of total imports. It was followed by Latvia, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Argentina amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: France (X% per year) and Latvia (X% per year).

Import Prices by Country

The average cereal import price stood at $X per ton in 2022, growing by X% against the previous year. Overall, import price indicated a slight expansion from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, cereal import price increased by X% against 2018 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Latvia ($X per ton), while the price for Russia ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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