Angola: Market for Candies, Sweets, and Nonchocolate Confectionery 2024

Market Size for Candies, Sweets, and Nonchocolate Confectionery in Angola

The Angolan market for candies, sweets, and nonchocolate confectionery surged to $X in 2022, increasing by X% against the previous year. Over the period under review, consumption continues to indicate significant growth. Over the period under review, the market reached the peak level at $X in 2017; however, from 2018 to 2022, consumption failed to regain momentum.

Production of Candies, Sweets, and Nonchocolate Confectionery in Angola

In value terms, candy, sweets, and nonchocolate confectionery production expanded modestly to $X in 2022 estimated in export price. Overall, production recorded a strong expansion. The growth pace was the most rapid in 2016 with an increase of X% against the previous year. Candy, sweets, and nonchocolate confectionery production peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

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Exports of Candies, Sweets, and Nonchocolate Confectionery

Exports from Angola

Candy, sweets, and nonchocolate confectionery exports from Angola fell notably to X tons in 2022, waning by X% compared with the previous year's figure. Over the period under review, exports continue to indicate a sharp decrease. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. As a result, the exports attained the peak of X tons. From 2017 to 2022, the growth of the exports remained at a lower figure.

In value terms, candy, sweets, and nonchocolate confectionery exports surged to $X in 2022. Overall, exports showed a abrupt downturn. The growth pace was the most rapid in 2016 with an increase of X%. The exports peaked at $X in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Germany (X tons), Congo (X tons) and Democratic Republic of the Congo (X tons) were the main destinations of candy, sweets, and nonchocolate confectionery exports from Angola, with a combined X% share of total exports. Cuba and Portugal lagged somewhat behind, together accounting for a further X%.

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 more modest paces of growth.

In value terms, Germany ($X) emerged as the key foreign market for candies, sweets, and nonchocolate confectionery exports from Angola, comprising X% of total exports. The second position in the ranking was held by Congo ($X), with an X% share of total exports. It was followed by Democratic Republic of the Congo, with an X% share.

From 2015 to 2022, the average annual rate of growth in terms of value to Germany stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Congo (X% per year) and Democratic Republic of the Congo (X% per year).

Export Prices by Country

In 2022, the average export price for candies, sweets, and nonchocolate confectionery amounted to $X per ton, increasing by X% against the previous year. Overall, the export price showed a significant expansion. The export price peaked at $X per ton in 2017; however, from 2018 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to Congo ($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.

Imports of Candies, Sweets, and Nonchocolate Confectionery

Imports into Angola

In 2022, overseas purchases of candies, sweets, and nonchocolate confectionery increased by X% to X tons, rising for the second year in a row after three years of decline. Overall, imports, however, saw a abrupt curtailment. The most prominent rate of growth was recorded in 2017 with an increase of X%. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, candy, sweets, and nonchocolate confectionery imports soared to $X in 2022. Over the period under review, imports, however, continue to indicate a abrupt slump. The growth pace was the most rapid in 2017 with an increase of X%. Over the period under review, imports attained the maximum at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, India (X tons) constituted the largest candy, sweets, and nonchocolate confectionery supplier to Angola, with a X% share of total imports. Moreover, candy, sweets, and nonchocolate confectionery imports from India exceeded the figures recorded by the second-largest supplier, Brazil (X tons), twofold. Colombia (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 India totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (X% per year) and Colombia (X% per year).

In value terms, the largest candy, sweets, and nonchocolate confectionery suppliers to Angola were India ($X), Colombia ($X) and Brazil ($X), together accounting for X% of total imports. Portugal, Pakistan, Turkey, South Africa and China lagged somewhat behind, together comprising a further X%.

Among the main suppliers, Pakistan, with a CAGR of X%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

In 2022, the average import price for candies, sweets, and nonchocolate confectionery amounted to $X per ton, growing by X% against the previous year. Overall, the import price, however, continues to indicate a pronounced curtailment. The import price peaked at $X per ton in 2016; however, from 2017 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 South Africa ($X per ton), while the price for Brazil ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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