Angola: Market for Manufactured Tobacco, Extracts And Essences 2024

Market Size for Manufactured Tobacco, Extracts And Essences in Angola

The Angolan market for manufactured tobacco, extracts and essences declined sharply to $X in 2022, with a decrease of X% against the previous year. Overall, consumption, however, enjoyed a measured expansion. Over the period under review, the market hit record highs at $X in 2021, and then reduced notably in the following year.

Production of Manufactured Tobacco, Extracts And Essences in Angola

In value terms, manufactured tobacco, extracts and essences production totaled $X in 2022 estimated in export price. In general, production, however, continues to indicate a noticeable descent. The pace of growth was the most pronounced in 2016 with an increase of X% against the previous year. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Exports of Manufactured Tobacco, Extracts And Essences

Exports from Angola

In 2022, overseas shipments of manufactured tobacco, extracts and essences decreased by X% to X kg for the first time since 2019, thus ending a two-year rising trend. In general, exports, however, showed a significant expansion. The pace of growth was the most pronounced in 2015 with an increase of X%. Over the period under review, the exports reached the maximum at X kg in 2021, and then contracted dramatically in the following year.

In value terms, manufactured tobacco, extracts and essences exports fell rapidly to $X in 2022. Over the period under review, exports, however, posted a noticeable increase. The most prominent rate of growth was recorded in 2015 when exports increased by X%. The exports peaked at $X in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Sao Tome and Principe (X kg) was the main destination for manufactured tobacco, extracts and essences exports from Angola, with a approx. X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to Sao Tome and Principe amounted to X%.

In value terms, Sao Tome and Principe ($X) emerged as the key foreign market for manufactured tobacco, extracts and essences exports from Angola.

From 2012 to 2022, the average annual rate of growth in terms of value to Sao Tome and Principe totaled X%.

Export Prices by Country

The average export price for manufactured tobacco, extracts and essences stood at $X per ton in 2022, increasing by X% against the previous year. Overall, the export price, however, showed a abrupt downturn. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for Sao Tome and Principe.

From 2012 to 2022, the rate of growth in terms of prices for Sao Tome and Principe amounted to X% per year.

Imports of Manufactured Tobacco, Extracts And Essences

Imports into Angola

In 2022, manufactured tobacco, extracts and essences imports into Angola dropped markedly to X tons, falling by X% compared with 2021 figures. Over the period under review, imports recorded a perceptible contraction. The pace of growth was the most pronounced in 2016 with an increase of X%. Imports peaked at X tons in 2021, and then dropped notably in the following year.

In value terms, manufactured tobacco, extracts and essences imports dropped sharply to $X in 2022. In general, imports, however, recorded a resilient expansion. The pace of growth was the most pronounced in 2016 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at $X in 2021, and then reduced dramatically in the following year.

Imports by Country

In 2022, India (X tons) constituted the largest manufactured tobacco, extracts and essences supplier to Angola, accounting for a X% share of total imports. Moreover, manufactured tobacco, extracts and essences imports from India exceeded the figures recorded by the second-largest supplier, South Africa (X kg), twofold. The United Arab Emirates (X kg) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual growth rate of volume from India totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: South Africa (X% per year) and the United Arab Emirates (X% per year).

In value terms, India ($X) constituted the largest supplier of manufactured tobacco, extracts and essences to Angola, comprising X% of total imports. The second position in the ranking was taken by the United Arab Emirates ($X), with an X% share of total imports. It was followed by South Africa, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from India amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (X% per year) and South Africa (X% per year).

Import Prices by Country

The average import price for manufactured tobacco, extracts and essences stood at $X per ton in 2022, rising by X% against the previous year. Overall, the import price saw resilient growth. The growth pace was the most rapid in 2013 when the average import price increased by X% against the previous year. The import price peaked at $X per ton in 2018; however, from 2019 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 India ($X per ton), while the price for Namibia ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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