Angola: Market for Rusks, Toasted Bread and Similar Toasted Products 2022

Market Size for Rusks, Toasted Bread and Similar Toasted Products in Angola

In 2021, after four years of growth, there was significant decline in the Angolan rusks and toasted bread market, when its value decreased by -14.6% to $X. In general, consumption, however, showed strong growth. As a result, consumption attained the peak level of $X, and then fell in the following year.

Production of Rusks, Toasted Bread and Similar Toasted Products in Angola

In value terms, rusks and toasted bread production declined to $X in 2021 estimated in export price. In general, production, however, posted prominent growth. The pace of growth was the most pronounced in 2020 when the production volume increased by 42% against the previous year. As a result, production attained the peak level of $X, and then reduced in the following year.

Exports of Rusks, Toasted Bread and Similar Toasted Products

Exports from Angola

In 2020, overseas shipments of rusks, toasted bread and similar toasted products decreased by -18.2% to X kg for the first time since 2017, thus ending a two-year declining trend. Over the period under review, exports, however, continue to indicate a buoyant expansion. The pace of growth appeared the most rapid in 2016 with an increase of 47%. The exports peaked at X kg in 2019, and then fell significantly in the following year.

In value terms, rusks and toasted bread exports fell sharply to $X in 2020. Overall, exports, however, posted noticeable growth. The most prominent rate of growth was recorded in 2016 with an increase of 33% against the previous year. The exports peaked at $X in 2019, and then declined significantly in the following year.

Exports by Country

Bahamas (X kg) was the main destination for rusks and toasted bread exports from Angola, accounting for a 82% share of total exports. Moreover, rusks and toasted bread exports to Bahamas exceeded the volume sent to the second major destination, the United States (X kg), fourfold.

From 2015 to 2020, the average annual rate of growth in terms of volume to Bahamas was relatively modest.

In value terms, Bahamas ($X) emerged as the key foreign market for rusks and toasted bread exports from Angola, comprising 83% of total exports. The second position in the ranking was taken by the United States ($X), with a 17% share of total exports.

From 2015 to 2020, the average annual rate of growth in terms of value to Bahamas was relatively modest.

Export Prices by Country

The average rusks and toasted bread export price stood at $X per ton in 2020, which is down by -16.1% against the previous year. Overall, the export price continues to indicate a abrupt shrinkage. The export price peaked at $X per ton in 2015; however, from 2016 to 2020, the export prices remained at a lower figure.

Average prices varied noticeably for the major export markets. In 2020, the country with the highest price was Bahamas ($X per ton), while the average price for exports to the United States totaled $X per ton.

From 2015 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Panama (+49.3%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Rusks, Toasted Bread and Similar Toasted Products

Imports into Angola

For the fifth year in a row, Angola recorded decline in purchases abroad of rusks, toasted bread and similar toasted products, which decreased by -20% to X tons in 2021. Over the period under review, imports saw a noticeable shrinkage. The pace of growth appeared the most rapid in 2014 with an increase of 191%. As a result, imports reached the peak of X tons. From 2015 to 2021, the growth of imports failed to regain momentum.

In value terms, rusks and toasted bread imports contracted significantly to $X in 2021. In general, imports showed a abrupt decrease. The pace of growth appeared the most rapid in 2014 when imports increased by 127% against the previous year. As a result, imports reached the peak of $X. From 2015 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2021, Portugal (X tons) constituted the largest rusks and toasted bread supplier to Angola, with a 82% share of total imports. Moreover, rusks and toasted bread imports from Portugal exceeded the figures recorded by the second-largest supplier, South Africa (X tons), more than tenfold. The third position in this ranking was held by India (X tons), with a 5.9% share.

From 2012 to 2021, the average annual growth rate of volume from Portugal amounted to +3.5%. The remaining supplying countries recorded the following average annual rates of imports growth: South Africa (+7.6% per year) and India (+13.2% per year).

In value terms, Portugal ($X) constituted the largest supplier of rusks and toasted bread to Angola, comprising 91% of total imports. The second position in the ranking was taken by South Africa ($X), with a 4.7% share of total imports. It was followed by Brazil, with a 1.3% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Portugal amounted to -7.3%. The remaining supplying countries recorded the following average annual rates of imports growth: South Africa (-7.0% per year) and Brazil (-31.5% per year).

Import Prices by Country

The average rusks and toasted bread import price stood at $X per ton in 2021, shrinking by -29.5% against the previous year. Over the period under review, the import price recorded a deep reduction. The most prominent rate of growth was recorded in 2016 an increase of 16%. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Brazil ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Brazil (+4.9%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Market Intelligence Platform

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