Angola: Market for Frozen Fish and Seafood 2024

Market Size for Frozen Fish and Seafood in Angola

The Angolan frozen fish and seafood market declined modestly to $X in 2023, reducing by X% against the previous year. In general, consumption, however, posted a strong increase. As a result, consumption reached the peak level of $X. From 2021 to 2023, the growth of the market remained at a lower figure.

Production of Frozen Fish and Seafood in Angola

In value terms, frozen fish and seafood production contracted to $X in 2023 estimated in export price. Over the period under review, production recorded a resilient increase. The pace of growth was the most pronounced in 2020 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X. From 2021 to 2023, production growth remained at a somewhat lower figure.

Exports of Frozen Fish and Seafood

Exports from Angola

Frozen fish and seafood exports from Angola soared to X tons in 2023, jumping by X% on the year before. In general, exports posted a perceptible increase. The most prominent rate of growth was recorded in 2015 with an increase of X%. The exports peaked at X tons in 2018; however, from 2019 to 2023, the exports stood at a somewhat lower figure.

In value terms, frozen fish and seafood exports rose sharply to $X in 2023. Overall, exports showed a prominent expansion. The pace of growth was the most pronounced in 2015 when exports increased by X% against the previous year. The exports peaked at $X in 2018; however, from 2019 to 2023, the exports stood at a somewhat lower figure.

Exports by Country

Ghana (X tons) was the main destination for frozen fish and seafood exports from Angola, with a X% share of total exports. Moreover, frozen fish and seafood exports to Ghana exceeded the volume sent to the second major destination, Benin (X tons), sixfold.

From 2012 to 2023, the average annual growth rate of volume to Ghana stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Benin (X% per year) and Portugal (X% per year).

In value terms, the largest markets for frozen fish and seafood exported from Angola were Portugal ($X), Ghana ($X) and Benin ($X), with a combined X% share of total exports.

In terms of the main countries of destination, Portugal, with a CAGR of X%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average frozen fish and seafood export price stood at $X per ton in 2023, which is down by X% against the previous year. Overall, the export price, however, posted notable growth. The most prominent rate of growth was recorded in 2013 when the average export price increased by X%. As a result, the export price reached the peak level of $X per ton. From 2014 to 2023, the average export prices failed to regain momentum.

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

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Namibia (X%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Frozen Fish and Seafood

Imports into Angola

Frozen fish and seafood imports into Angola reduced notably to X tons in 2023, falling by X% on the previous year. In general, imports showed a dramatic decrease. The most prominent rate of growth was recorded in 2016 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2023, imports stood at a somewhat lower figure.

In value terms, frozen fish and seafood imports dropped dramatically to $X in 2023. Over the period under review, imports faced a precipitous setback. The pace of growth was the most pronounced in 2022 when imports increased by X% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2023, imports stood at a somewhat lower figure.

Imports by Country

The United States (X tons), Argentina (X tons) and Portugal (X tons) were the main suppliers of frozen fish and seafood imports to Angola, with a combined X% share of total imports. New Zealand, Russia, Vietnam, Chile, Peru, Canada, China, Spain and Namibia lagged somewhat behind, together comprising a further X%.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Chile (with a CAGR of X%), while imports for the other leaders experienced a decline.

In value terms, the largest frozen fish and seafood suppliers to Angola were Portugal ($X), Argentina ($X) and the United States ($X), with a combined X% share of total imports. China, New Zealand, Vietnam, Spain, Chile, Canada, Peru, Russia and Namibia lagged somewhat behind, together accounting for a further X%.

In terms of the main suppliers, Chile, with a CAGR of X%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

The average frozen fish and seafood import price stood at $X per ton in 2023, remaining constant against the previous year. In general, the import price, however, continues to indicate a slight decline. The pace of growth was the most pronounced in 2021 an increase of X%. Over the period under review, average import prices hit record highs at $X per ton in 2013; however, from 2014 to 2023, 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 Portugal ($X per ton), while the price for Russia ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by China (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform