Angola: Oil Crops Market 2024

Oil Crops Market Size in Angola

The Angolan oil crops market expanded markedly to $X in 2022, growing by X% against the previous year. Over the period under review, consumption recorded resilient growth. As a result, consumption reached the peak level of $X. From 2021 to 2022, the growth of the market remained at a somewhat lower figure.

Oil Crops Production in Angola

In value terms, oil crops production soared to $X in 2022 estimated in export price. In general, production showed a significant increase. The pace of growth appeared the most rapid in 2015 with an increase of X% against the previous year. Oil crops production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

In 2022, the average yield of oil crops (primary) in Angola was estimated at X tons per ha, stabilizing at the year before. The yield figure increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2014 when the yield increased by X% against the previous year. Over the period under review, the average oil crops yield reached the peak level at X tons per ha in 2015; however, from 2016 to 2022, the yield failed to regain momentum. 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 oil crops (primary) were harvested in Angola; remaining relatively unchanged against 2021 figures. The harvested area increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2013 with an increase of X%. The oil crops harvested area peaked at X ha in 2021, and then dropped modestly in the following year.

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Oil Crops Exports

Exports from Angola

In 2022, the amount of oil crops (primary) exported from Angola fell markedly to X tons, which is down by X% on 2021 figures. Overall, exports, however, posted a significant expansion. The growth pace was the most rapid in 2017 when exports increased by X%. As a result, the exports reached the peak of X tons. From 2018 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, oil crops exports skyrocketed to $X in 2022. Over the period under review, exports, however, showed significant growth. The growth pace was the most rapid in 2017 with an increase of X%. As a result, the exports attained the peak of $X. From 2018 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

The United States (X tons), Congo (X tons) and Democratic Republic of the Congo (X kg) were the main destinations of oil crops 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 United States ($X) emerged as the key foreign market for oil crops (primary) exports from Angola, comprising X% of total exports. The second position in the ranking was held by Congo ($X), with a X% share of total exports.

From 2015 to 2022, the average annual growth rate of value to the United States was relatively modest. 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

The average oil crops export price stood at $X per ton in 2022, surging by X% against the previous year. In general, the export price, however, recorded a dramatic slump. The most prominent rate of growth was recorded in 2020 when the average export price increased by X%. As a result, the export price attained the peak level of $X per ton. From 2021 to 2022, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Democratic Republic of the Congo ($X per ton), while the average price for exports to Congo ($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 Namibia (X%), while the prices for the other major destinations experienced a decline.

Oil Crops Imports

Imports into Angola

In 2022, approx. X tons of oil crops (primary) were imported into Angola; jumping by X% compared with the previous year's figure. Over the period under review, imports recorded significant growth. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

In value terms, oil crops imports surged to $X in 2022. Overall, imports enjoyed a strong expansion. The pace of growth was the most pronounced in 2014 when imports increased by X%. Imports peaked at $X in 2017; however, from 2018 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Brazil (X tons) constituted the largest oil crops supplier to Angola, accounting for a X% share of total imports. Moreover, oil crops imports from Brazil exceeded the figures recorded by the second-largest supplier, Democratic Republic of the Congo (X tons), twofold. Portugal (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual growth rate of volume from Brazil totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Democratic Republic of the Congo (X% per year) and Portugal (X% per year).

In value terms, the largest oil crops suppliers to Angola were Brazil ($X), Portugal ($X) and South Africa ($X), with a combined X% share of total imports. Zambia, China, Democratic Republic of the Congo, Vietnam and Turkey lagged somewhat behind, together accounting for a further X%.

In terms of the main suppliers, China, 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 more modest paces of growth.

Import Prices by Country

In 2022, the average oil crops import price amounted to $X per ton, falling by X% against the previous year. Overall, the import price saw a abrupt setback. The most prominent rate of growth was recorded in 2018 an increase of X% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 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 Portugal ($X per ton), while the price for Democratic Republic of the Congo ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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