Angola: Market for Sunflower-Seed Or Safflower Oil, Refined, But Not Chemically Modified 2024

Market Size for Sunflower-Seed Or Safflower Oil, Refined, But Not Chemically Modified in Angola

In 2022, the Angolan market for sunflower-seed or safflower oil, refined, but not chemically modified decreased by X% to $X, falling for the fifth consecutive year after six years of growth. Over the period under review, consumption, however, showed a abrupt contraction. Over the period under review, the market reached the maximum level at $X in 2017; however, from 2018 to 2022, consumption failed to regain momentum.

Production of Sunflower-Seed Or Safflower Oil, Refined, But Not Chemically Modified in Angola

In value terms, production of sunflower-seed or safflower oil, refined, but not chemically modified amounted to $X in 2022 estimated in export price. In general, the total production indicated a strong increase from 2012 to 2022: its value 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, production decreased by X% against 2020 indices. The growth pace was the most rapid in 2014 with an increase of X%. Production of peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Exports of Sunflower-Seed Or Safflower Oil, Refined, But Not Chemically Modified

Exports from Angola

In 2022, shipments abroad of sunflower-seed or safflower oil, refined, but not chemically modified increased by X% to X tons for the first time since 2019, thus ending a two-year declining trend. Overall, exports, however, saw a dramatic setback. The exports peaked at X tons in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

In value terms, exports of sunflower-seed or safflower oil, refined, but not chemically modified surged to $X in 2022. Over the period under review, exports, however, saw a precipitous decrease. Over the period under review, the exports of reached the maximum at $X in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Democratic Republic of the Congo (X tons) was the main destination for exports of sunflower-seed or safflower oil, refined, but not chemically modified from Angola, accounting for a approx. X% share of total exports.

From 2015 to 2022, the average annual rate of growth in terms of volume to Democratic Republic of the Congo totaled X%.

In value terms, Democratic Republic of the Congo ($X) also remains the key foreign market for sunflower-seed or safflower oil, refined, but not chemically modified exports from Angola.

From 2015 to 2022, the average annual rate of growth in terms of value to Democratic Republic of the Congo amounted to X%.

Export Prices by Country

In 2022, the average export price for sunflower-seed or safflower oil, refined, but not chemically modified amounted to $X per ton, waning by X% against the previous year. Overall, the export price continues to indicate a deep setback. The pace of growth appeared the most rapid in 2016 an increase of X%. The export price peaked at $X per ton in 2017; however, from 2018 to 2022, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for Democratic Republic of the Congo.

From 2015 to 2022, the rate of growth in terms of prices for Democratic Republic of the Congo amounted to X% per year.

Imports of Sunflower-Seed Or Safflower Oil, Refined, But Not Chemically Modified

Imports into Angola

After three years of decline, overseas purchases of sunflower-seed or safflower oil, refined, but not chemically modified increased by X% to X tons in 2022. Over the period under review, imports continue to indicate a prominent expansion. The most prominent rate of growth was recorded in 2018 when imports increased by X% against the previous year. As a result, imports reached the peak of X tons. From 2019 to 2022, the growth of imports of remained at a lower figure.

In value terms, imports of sunflower-seed or safflower oil, refined, but not chemically modified soared to $X in 2022. Overall, imports posted a prominent expansion. The most prominent rate of growth was recorded in 2018 with an increase of X%. As a result, imports attained the peak of $X. From 2019 to 2022, the growth of imports of failed to regain momentum.

Imports by Country

In 2022, Turkey (X tons) constituted the largest sunflower-seed or safflower oil, refined, but not chemically modified supplier to Angola, with a X% share of total imports. Moreover, imports of sunflower-seed or safflower oil, refined, but not chemically modified from Turkey exceeded the figures recorded by the second-largest supplier, Malaysia (X tons), twofold. The third position in this ranking was held by Portugal (X tons), with a X% share.

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

In value terms, Turkey ($X), Portugal ($X) and Estonia ($X) constituted the largest sunflower-seed or safflower oil, refined, but not chemically modified suppliers to Angola, with a combined X% share of total imports.

In terms of the main suppliers, Estonia, with a CAGR of X%, saw 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 import price for sunflower-seed or safflower oil, refined, but not chemically modified amounted to $X per ton, growing by X% against the previous year. Over the period under review, the import price, however, showed a noticeable decrease. The most prominent rate of growth was recorded in 2021 when the average import price increased by X% against the previous year. Over the period under review, average import prices attained the maximum at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

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

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :