Angola: Market for Cocoa Powder (Containing Added Sugar) 2024

Market Size for Cocoa Powder (Containing Added Sugar) in Angola

The Angolan cocoa powder with sugar market fell dramatically to $X in 2022, which is down by X% against the previous year. Overall, consumption continues to indicate a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2018 to 2022, the growth of the market failed to regain momentum.

Production of Cocoa Powder (Containing Added Sugar) in Angola

In value terms, cocoa powder with sugar production reached $X in 2022 estimated in export price. Over the period under review, production enjoyed significant growth. The most prominent rate of growth was recorded in 2014 with an increase of X%. Over the period under review, production hit record highs at $X in 2017; however, from 2018 to 2022, production failed to regain momentum.

Exports of Cocoa Powder (Containing Added Sugar)

Exports from Angola

In 2022, after two years of decline, there was significant growth in shipments abroad of cocoa powder (containing added sugar), when their volume increased by X% to X kg. Overall, exports, however, continue to indicate a dramatic downturn. The pace of growth was the most pronounced in 2018 with an increase of X%. The exports peaked at X tons in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

In value terms, cocoa powder with sugar exports contracted sharply to $X in 2022. Over the period under review, exports, however, recorded a precipitous descent. The most prominent rate of growth was recorded in 2018 when exports increased by X% against the previous year. The exports peaked at $X in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Portugal (X kg), Cuba (X kg) and Congo (X kg) were the main destinations of cocoa powder with sugar exports from Angola.

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

In value terms, Cuba ($X), Portugal ($X) and Congo ($X) appeared to be the largest markets for cocoa powder with sugar exported from Angola worldwide, together accounting for X% of total exports.

In terms of the main countries of destination, Cuba, with a CAGR of X%, saw 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

In 2022, the average cocoa powder with sugar export price amounted to $X per ton, with a decrease of X% against the previous year. Over the period under review, the export price showed a slight decline. The most prominent rate of growth was recorded in 2017 an increase of X% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Cuba ($X per ton), while the average price for exports to Portugal ($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 Cuba (X%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Cocoa Powder (Containing Added Sugar)

Imports into Angola

Cocoa powder with sugar imports into Angola dropped remarkably to X tons in 2022, declining by X% against 2021 figures. Overall, imports saw a abrupt slump. The most prominent rate of growth was recorded in 2019 when imports increased by X%. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, cocoa powder with sugar imports shrank sharply to $X in 2022. In general, imports showed a abrupt slump. The pace of growth appeared the most rapid in 2019 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

Portugal (X tons), South Africa (X tons) and Brazil (X tons) were the main suppliers of cocoa powder with sugar imports to Angola, with a combined X% share of total imports. Indonesia lagged somewhat behind, comprising a further X%.

From 2012 to 2022, the biggest increases were recorded for Indonesia (with a CAGR of X%), while purchases for the other leaders experienced a decline.

In value terms, South Africa ($X), Portugal ($X) and Indonesia ($X) appeared to be the largest cocoa powder with sugar suppliers to Angola, with a combined X% share of total imports.

Indonesia, with a CAGR of X%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

In 2022, the average cocoa powder with sugar import price amounted to $X per ton, jumping by X% against the previous year. In general, import price indicated a pronounced increase 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. The pace of growth appeared the most rapid in 2015 when the average import price increased by X% against the previous year. The import price peaked at $X per ton in 2016; however, from 2017 to 2022, import prices stood at a somewhat lower figure.

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

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

Source: IndexBox Platform

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