Angola: Soya Bean Market 2024

Soya Bean Market Size in Angola

The Angolan soya bean market contracted to $X in 2022, with a decrease of X% against the previous year. Overall, consumption continues to indicate a significant increase. Soya bean consumption peaked at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Soya Bean Production in Angola

In value terms, soya bean production shrank remarkably to $X in 2022 estimated in export price. Over the period under review, production posted a significant increase. The pace of growth was the most pronounced in 2017 when the production volume increased by X%. Soya bean production peaked at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

In 2022, the average yield of soya beans in Angola amounted to X tons per ha, therefore, remained relatively stable against the previous year's figure. Over the period under review, the yield enjoyed a significant increase. The pace of growth was the most pronounced in 2013 when the yield increased by X%. The soya bean yield peaked at X tons per ha in 2020; afterwards, it flattened through to 2022. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

The soya bean harvested area in Angola was estimated at X ha in 2022, approximately equating 2021 figures. Over the period under review, the harvested area recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when the harvested area increased by X%. As a result, the harvested area attained the peak level of X ha. From 2018 to 2022, the growth of the soya bean harvested area failed to regain momentum.

Soya Bean Exports

Exports from Angola

In 2022, shipments abroad of soya beans increased by X% to X tons, rising for the second consecutive year after three years of decline. In general, exports, however, faced a precipitous setback. Over the period under review, the exports reached the peak figure at X tons in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

In value terms, soya bean exports soared to $X in 2022. Over the period under review, exports, however, saw a sharp curtailment. The exports peaked at $X in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X tons) was the main destination for soya bean exports from Angola, with a X% share of total exports. It was followed by Sao Tome and Principe (X kg), with a X% share of total exports.

From 2017 to 2022, the average annual growth rate of volume to the United States was relatively modest.

In value terms, the United States ($X) emerged as the key foreign market for soya beans exports from Angola, comprising X% of total exports. The second position in the ranking was held by Sao Tome and Principe ($X), with a X% share of total exports.

From 2017 to 2022, the average annual growth rate of value to the United States was relatively modest.

Export Prices by Country

The average soya bean export price stood at $X per ton in 2022, which is down by X% against the previous year. Over the period under review, the export price saw a relatively flat trend pattern. The growth pace was the most rapid in 2018 when the average export price increased by X% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2019 to 2022, the average export prices remained at a lower figure.

Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Sao Tome and Principe totaled $X per ton.

From 2017 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Namibia (X%).

Soya Bean Imports

Imports into Angola

In 2022, soya bean imports into Angola soared to X tons, jumping by X% against 2021. Over the period under review, imports saw a significant expansion. The most prominent rate of growth was recorded in 2015 when imports increased by X% against the previous year. Over the period under review, imports reached the maximum at X tons in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

In value terms, soya bean imports skyrocketed to $X in 2022. Overall, imports showed a significant increase. The most prominent rate of growth was recorded in 2019 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 supplier of soya bean to Angola, accounting for a X% share of total imports. Moreover, soya bean imports from Brazil exceeded the figures recorded by the second-largest supplier, Zambia (X tons), fourfold. The third position in this ranking was taken by South Africa (X tons), with a X% share.

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

In value terms, Brazil ($X), South Africa ($X) and Zambia ($X) constituted the largest soya bean suppliers to Angola, together comprising X% of total imports. Tanzania lagged somewhat behind, accounting for a further X%.

Tanzania, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average soya bean import price stood at $X per ton in 2022, picking up by X% against the previous year. In general, the import price, however, recorded a deep slump. The growth pace was the most rapid in 2020 an increase of X%. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

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 ($X per ton), while the price for Zambia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Argentina (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :