Palm kernel or babassu oil and fractions market in Angola

Earlier Report Observations

Production of palm kernel or babassu oil and fractions in Angola increased from 9 200 t in 2018 to 11 100 t in 2023, with market volume growing from 9 200 t to 11 231 t over the same period. This steady expansion was initiated by international-backed projects starting in 2018 to improve palm oil genetics and plantations across several provinces, which laid the foundation for higher local output.

The inauguration of the Refitec processing plant in March 2023, with a daily capacity of 500 t of crude palm, soybean, and sunflower oil, directly contributed to the rise in domestic production that year. Although installed industry capacity often operated at 50-70% due to challenges in accessing raw materials, the plant's entry strengthened the local processing sector. Imports also grew notably from 2021 onward, reaching 149 t in 2022 and 131 t in 2023, supplementing domestic supply to meet demand.

Sector development continued in 2024 with the opening of a new edible oil packaging facility and the Kwenda social program stimulating artisanal palm oil production. Government policies favoring import substitution and food security further reinforced investment in local processing, while international commitments to phase out deforestation-linked palm oil by 2025 introduced new market considerations.

Production palm kernel or babassu oil and fractions in Angola

In kind, 2017-2020, t

From 2017 to 2020, Angola maintained the 22nd position globally in terms of production volume for palm kernel or babassu oil and fractions.

Top producers of palm kernel or babassu oil and fractions, 2017-2020

World map of production of palm kernel or babassu oil and fractions, 2017-2020

Production of palm kernel or babassu oil and fractions in Angola grew for the third consecutive year. In 2020, the country produced 10 100 tonnes, marking a 4.1% increase compared to the previous year. Over the period from 2017 to 2020, production rose by 12.2%, which translates to an average annual growth rate of 3.9%.

Annual dynamics of production in Angola in kind, 2017-2020, t

Exports palm kernel or babassu oil and fractions from Angola

Market research indicates that Angola did not export any palm kernel or babassu oil and fractions between 2017 and 2020.

Imports palm kernel or babassu oil and fractions to Angola

Imports in kind, kg

The market showed significant volatility during these years. Import volumes reached their lowest point in 2018 at 137 kg, then surged by 903.2% in 2019. In 2020, imports amounted to 2 068 kg, representing a 50.2% increase from the previous year. The largest decline occurred in 2018, with a drop of 95.3%. Overall, from the peak in 2017 to the trough in 2018, volumes varied by a factor of 21.

Annual dynamics of product's imports to Angola in kind, 2017-2020, kg

From 2017 to 2020, Portugal dominated Angola's import structure in kind, accounting for 75.6% of total flows, while other countries contributed relatively minor shares.

Structure of product's imports in kind by countries, 2017-2020

World map of product's imports to Angola in kind, 2017-2020

Imports in value, $ US

Market performance exhibited noticeable fluctuations during this period. The minimum value was recorded in 2018 at 1 718 US dollars, followed by a substantial increase of 214.5% in 2019. In 2020, import volumes reached 5 117 US dollars, showing a modest decline of 5.3% compared to the previous year. The largest decrease occurred in 2018, with an 80.3% drop. From the high in 2017 to the low in 2018, values varied by a factor of 5.1.

Annual dynamics of product's imports to Angola in value, 2017-2020, $ US

Between 2017 and 2020, Portugal was the leading source for Angola's imports in value terms, capturing 76.2% of total flows, with other countries making up the remainder.

Structure of product's imports in value by countries, 2017-2020

World map of product's imports to Angola in value, 2017-2020