Soybeans market in Angola

Earlier Report Observations

At the start of the period, soybean production in Angola was constrained by a low level of agricultural mechanization and vast untapped arable land. Government focus on boosting cultivation of cereals, including soybeans, to satisfy the domestic market and reduce imports supported a rise in output by 2019. Announced World Bank support for soybean production in 2020 further contributed to a modest increase.

After a slight contraction in 2021, production stabilized in 2022. That December, the government launched the National Grain Production Promotion Plan (Planagrão), targeting a doubling of grain and legume output—including soybeans—by 2027. This move, coupled with expressed interest from foreign investors in large-scale soybean production and processing, set the stage for future expansion.

A significant 19% jump in production occurred in 2023, driven by major investments in the agricultural sector and substantial job creation. The momentum continued into 2024 with the ongoing implementation of Planagrão, new soybean sowing initiatives by cooperatives, and productive activity from state-owned agro-industrial farms, all pointing to a sustained expansion of the domestic supply.

Production soybeans in Angola

In kind, 2017-2020, t

Top producers of soybeans, 2017-2020

World map of production of soybeans, 2017-2020

Soybean production in Angola has increased for the second consecutive year. In 2020, Angola produced 37 961 tonnes of soybeans, marking a 1.6% year-over-year gain. Production grew by 5.4% between 2017 and 2020, which translates to an annualized growth rate of 1.8%. The lowest production level was recorded in 2018 at 35 266 tonnes, representing a 2.0% decline. In contrast, 2019 saw the largest increase of 5.9%.

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

Exports soybeans from Angola

Exports in kind, t

The data reveals irregular changes, indicating a volatile market environment. Exports peaked in 2017 and reached their lowest point in 2018, showing a 10.7-fold variation between these years. In 2019, Angola exported 4 tonnes of soybeans, indicating an abrupt uptick of 41.1% from 2018. The minimum value was recorded in 2018 at 3 tonnes, which represented the largest decline of 90.6%.

Annual dynamics of product's exports from Angola in kind, 2017-2020, t

From 2017 to 2020, virtually all soybean exports from Angola in kind were associated with Namibia, whose share reached 91.8% of total flows.

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

World map of product's exports from Angola in kind, 2017-2020

Exports in value, K $ US

Soybean exports from Angola declined for the second consecutive year. In 2019, exports came to 5 thousand US dollars, which is 54.4% lower compared to the previous year. Between 2017 and 2019, exports decreased by 83.9%, equating to an annualized decline rate of 45.6%.

Annual dynamics of product's exports from Angola in value, 2017-2020, K $ US

From 2017 to 2020, Namibia and the Democratic Republic of the Congo dominated the geographical structure of soybean exports from Angola in value terms, jointly accounting for 99.5% of total flows.

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

World map of product's exports from Angola in value, 2017-2020

Imports soybeans to Angola

Imports in kind, t

The market showed signs of volatility over the observed period. The highest import volume was recorded in 2017, with the lowest in 2020, reflecting a 25-fold gap between these years. In 2020, Angola's soybean imports amounted to 270 tonnes, down by 88.2% compared with 2019. The largest decline was recorded in 2018 at 93.8%, while the largest increase occurred in 2019 at 459.7%.

Annual dynamics of product's imports to Angola in kind, 2017-2020, t

From 2017 to 2020, South Africa (35.2% of imports in kind), Portugal (27.8% of imports in kind), and Uruguay (17.3% of imports in kind) stood out as the main markets for soybean imports to Angola, together representing 80.3% of total flows.

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, K $ US

The market showed signs of volatility over the observed period. Imports peaked in 2017 and reached their lowest point in 2018, changing by 11.7 times between these years. In 2020, Angola's soybean imports totalled 511 thousand US dollars, representing a steep decline of 66.0% compared to the previous year. The minimum value was recorded in 2018 at 342 thousand US dollars, which saw the largest decline of 91.4%. In contrast, 2019 recorded the largest increase of 339.7%.

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

From 2017 to 2020, South Africa (39.4% of imports in value terms), Uruguay (13.4% of imports in value terms), and Portugal (11.7% of imports in value terms) continued to head the list of soybean suppliers to Angola, jointly taking 64.4% of total imports in value terms.

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

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