Price for Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Angola - 2022

Contents:

1. Price for Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Angola (CIF) - 2022
2. Price for Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Angola (FOB) - 2022
3. Imports of Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Angola
4. Exports of Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Angola

Price for Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Angola (CIF) - 2022

The average import price for liquid margarine and edible mixtures of animal or vegetable fats stood at $1,970 per ton in December 2022, increasing by 8.7% against the previous month. Overall, the import price enjoyed a pronounced increase. The most prominent rate of growth was recorded in February 2022 an increase of 131% against the previous month. The import price peaked at $3,409 per ton in June 2022; however, from July 2022 to December 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In December 2022, the country with the highest price was Portugal ($2,359 per ton), while the price for Namibia ($179 per ton) was amongst the lowest.

From December 2021 to December 2022, the most notable rate of growth in terms of prices was attained by Portugal (+0.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Angola (FOB) - 2022

In 2022, the average export price for liquid margarine and edible mixtures of animal or vegetable fats amounted to $1,464 per ton, rising by 9.8% against the previous year. Over the period under review, the export price posted a buoyant expansion. The most prominent rate of growth was recorded in 2020 an increase of 46%. As a result, the export price reached the peak level of $1,931 per ton. From 2021 to 2022, the average export prices remained at a lower figure.

Average prices varied somewhat for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Panama ($2,000 per ton), while the average price for exports to Democratic Republic of the Congo stood at $1,400 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Panama (+443.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Angola

In 2022, purchases abroad of liquid margarine and edible mixtures of animal or vegetable fats decreased by -56.2% to 4K tons, falling for the second year in a row after two years of growth. Overall, imports, however, saw a noticeable increase. The growth pace was the most rapid in 2020 when imports increased by 203%. As a result, imports attained the peak of 11K tons. From 2021 to 2022, the growth of imports of failed to regain momentum.

In value terms, imports of liquid margarine and edible mixtures of animal or vegetable fats contracted notably to $4.9M in 2022. Over the period under review, imports, however, continue to indicate slight growth. The growth pace was the most rapid in 2020 with an increase of 174% against the previous year.

Top Suppliers of Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats to Angola in 2022:

1. India (1688.9 tons)
2. Indonesia (1544.7 tons)
3. Portugal (565.9 tons)
4. Malaysia (72.0 tons)
5. Brazil (0.8 tons)
6. Turkey (0.2 tons)

Exports of Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Angola

In 2022, exports of liquid margarine and edible mixtures of animal or vegetable fats from Angola contracted sharply to 28 kg, falling by -99.2% against 2021 figures. Overall, exports continue to indicate a precipitous setback. The pace of growth was the most pronounced in 2021 when exports increased by 203%. As a result, the exports reached the peak of 3.6 tons, and then shrank sharply in the following year.

In value terms, exports of liquid margarine and edible mixtures of animal or vegetable fats reduced rapidly to $41 in 2022. In general, exports faced a precipitous decline. The most prominent rate of growth was recorded in 2021 when exports increased by 109%. As a result, the exports attained the peak of $4.8K, and then shrank rapidly in the following year.

Top Export Markets for Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats from Angola in 2022:

1. Democratic Republic of the Congo (25.0 kg)
2. Panama (3.0 kg)

Source: IndexBox Market Intelligence Platform