Spices; Mixtures Price in Angola - 2022
Contents:
- Spices; Mixtures Price in Angola (CIF) - 2022
- Spices; Mixtures Price in Angola (FOB) - 2022
- Spices; Mixtures Imports in Angola
- Spices; Mixtures Exports in Angola
Spices; Mixtures Price in Angola (CIF) - 2022
The average spices; mixtures import price stood at $2,160 per ton in 2022, waning by -27% against the previous year. In general, the import price continues to indicate a abrupt descent. The pace of growth was the most pronounced in 2021 when the average import price increased by 36% against the previous year. Over the period under review, average import prices reached the maximum at $4,437 per ton in 2017; however, from 2018 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 Spain ($6,893 per ton), while the price for India ($646 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+11.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Spices; Mixtures Price in Angola (FOB) - 2022
The average spices; mixtures export price stood at $4,142 per ton in 2022, which is down by -3.6% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.4%. The pace of growth appeared the most rapid in 2017 when the average export price increased by 9.3% against the previous year. Over the period under review, the average export prices hit record highs at $4,315 per ton in 2018; however, from 2019 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 2012 to 2022, the rate of growth in terms of prices for Democratic Republic of the Congo amounted to +2.4% per year.
Spices; Mixtures Imports in Angola
In 2022, the amount of spices; mixtureses imported into Angola surged to 28 tons, picking up by 18% on 2021. The total import volume increased at an average annual rate of +9.0% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, spices; mixtures imports fell to $60K in 2022. Overall, imports, however, showed a abrupt contraction. The pace of growth appeared the most rapid in 2021 when imports increased by 38%.
| Import of Spices; Mixtures in Angola (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Africa | 3.4 | 2.2 | 0.5 | 25.0 | 94.5% |
| Portugal | 13.8 | 12.4 | 5.1 | 13.9 | 0.2% |
| Pakistan | 19.2 | 15.4 | 11.3 | 10.7 | -17.7% |
| United Arab Emirates | 3.7 | 6.0 | 20.7 | 5.0 | 10.6% |
| India | 2.8 | 8.6 | 6.9 | 1.6 | -17.0% |
| Spain | 16.9 | 0.9 | 16.1 | 1.6 | -54.4% |
| Italy | 1.0 | 1.0 | 1.1 | 0.2 | -41.5% |
| Others | 10.5 | 4.2 | 8.2 | 2.0 | -42.5% |
| Total | 71.2 | 50.7 | 69.8 | 60.2 | -5.4% |
Top Suppliers of Spices; Mixtures to Angola in 2022:
- South Africa (14.1 tons)
- Portugal (5.4 tons)
- Pakistan (3.4 tons)
- India (2.6 tons)
- United Arab Emirates (0.8 tons)
- Italy (0.4 tons)
- Spain (0.2 tons)
Spices; Mixtures Exports in Angola
Spices; mixtures exports from Angola soared to 365 kg in 2022, with an increase of 26% on the previous year. In general, exports posted a significant increase. The growth pace was the most rapid in 2020 with an increase of 488% against the previous year. As a result, the exports attained the peak of 441 kg. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
In value terms, spices; mixtures exports soared to $1.5K in 2022. Over the period under review, exports saw a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 480% against the previous year. As a result, the exports attained the peak of $1.8K. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
| Export of Spices; Mixtures in Angola (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Democratic Republic of the Congo | 0.3 | 1.8 | 1.2 | 1.5 | 71.0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 0.3 | 1.8 | 1.2 | 1.5 | 71.0% |
Top Export Markets for Spices; Mixtures from Angola in 2022:
- Democratic Republic of the Congo (365.0 kg)
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