Hot drinks returned to growth in 2022 as the impact of COVID-19 on the economy and consumer mobility subsided. Nonetheless, high unemployment and high inflation is limiting stronger growth, with many consumers remaining price sensitive.
COVID-19 had less of an impact on the market in 2022 with Angola’s economy finally showing signs of recovery which had a positive impact on demand for hot drinks. Although many businesses adapted well to the impact of the pandemic others were particularly hard hit and therefore the recovery seen in 2022 was long overdue.
Hot drinks are mostly consumed at breakfast time and before bed in Angola. The consumption of coffee is divided into two distinct methods and occasion types.
High inflation remained a persistent problem in Angola in 2022, with the country’s currency, the kwanza, being relatively unstable. The global economy has also impacted the Angolan market, with Russia's invasion of Ukraine leading to a sharp rise in food and energy prices, while imports continued to be impacted by the lingering effects of the pandemic.
Although all of the country’s main population centres are well connected with each other and with the main seaports by road and rail, the roads in many parts of Angola are in very poor condition. This can make it difficult for companies to ensure consistent distribution of their products in less densely populated and rural areas.
Hot drinks is expected to see steady growth in retail volume terms over the forecast period, supported by an expanding population, urbanisation, widening distribution and an anticipated post pandemic economic rebound.
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This is the aggregation of Coffee, Tea, and Other Hot Drinks.See All of Our Definitions
This report originates from Passport, our Hot Drinks research and analysis database.
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