Angola: Whole Powdered Milk Market 2024

Whole Powdered Milk Market Size in Angola

In 2022, after two years of decline, there was significant growth in the Angolan whole powdered milk market, when its value increased by X% to $X. Overall, consumption, however, continues to indicate a deep slump. Whole powdered milk consumption peaked at $X in 2013; however, from 2014 to 2022, consumption remained at a lower figure.

Whole Powdered Milk Production in Angola

In value terms, whole powdered milk production stood at $X in 2022 estimated in export price. Over the period under review, production recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when the production volume decreased by X% against the previous year. Over the period under review, production hit record highs in 2022 and is likely to continue growth in the near future.

Whole Powdered Milk Exports

Exports from Angola

In 2022, overseas shipments of whole powdered milk decreased by X% to X kg, falling for the second year in a row after three years of growth. In general, exports faced a precipitous slump. The pace of growth was the most pronounced in 2018 with an increase of X%. Over the period under review, the exports hit record highs at X tons in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

In value terms, whole powdered milk exports rose notably to $X in 2022. Overall, exports continue to indicate a sharp slump. The pace of growth appeared the most rapid in 2018 when exports increased by X%. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Democratic Republic of the Congo (X kg) was the main destination for whole powdered milk exports from Angola, with a X% share of total exports. Moreover, whole powdered milk exports to Democratic Republic of the Congo exceeded the volume sent to the second major destination, Namibia (X kg), fivefold.

From 2012 to 2022, the average annual growth rate of volume to Democratic Republic of the Congo totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Namibia (X% per year) and Cuba (X% per year).

In value terms, the largest markets for whole powdered milk exported from Angola were Namibia ($X), Democratic Republic of the Congo ($X) and Cuba ($X), with a combined X% share of total exports.

Cuba, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average whole powdered milk export price stood at $X per ton in 2022, with an increase of X% against the previous year. In general, the export price, however, saw a deep slump. Over the period under review, the average export prices reached the maximum at $X per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Namibia ($X per ton), while the average price for exports to Democratic Republic of the Congo ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Cuba (X%), while the prices for the other major destinations experienced a decline.

Whole Powdered Milk Imports

Imports into Angola

In 2022, after two years of decline, there was significant growth in purchases abroad of whole powdered milk, when their volume increased by X% to X tons. Over the period under review, imports, however, showed a deep setback. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Over the period under review, imports attained the maximum at X tons in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, whole powdered milk imports skyrocketed to $X in 2022. Overall, imports, however, continue to indicate a abrupt setback. The pace of growth appeared the most rapid in 2018 with an increase of X%. Imports peaked at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

The United Arab Emirates (X tons), Ireland (X tons) and Malaysia (X tons) were the main suppliers of whole powdered milk imports to Angola, with a combined X% share of total imports.

From 2012 to 2022, the biggest increases were recorded for the United Arab Emirates (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the United Arab Emirates ($X), Ireland ($X) and Malaysia ($X) constituted the largest whole powdered milk suppliers to Angola, together comprising X% of total imports.

The United Arab Emirates, with a CAGR of X%, saw 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

In 2022, the average whole powdered milk import price amounted to $X per ton, growing by X% against the previous year. Overall, the import price, however, saw a noticeable decline. The most prominent rate of growth was recorded in 2017 when the average import price increased by X%. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from the Netherlands ($X per ton) and Belgium ($X per ton), while the price for Portugal ($X per ton) and Ireland ($X per ton) were amongst the lowest.

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

Source: IndexBox Platform

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