In 2022, the COVID-19 pandemic is no longer a strong factor in the performance of staples foods, with the category now being impacted by global inflation. However, as Angola is a country that benefits from exports, the country is benefiting from being able to increase its prices for international consumers.
In 2022, the COVID-19 pandemic has had very little impact on staple foods in Angola compared to the previous two years. The main reasons for this are because the country has now adapted to the situation and the pandemic is also coming to an end.
Most Angolan people consume three meals per day – breakfast, lunch and supper. Lunch is usually considered to be the most important meal of the day, not least as supper tends to be taken quite late, often as late as 2200hrs.
Many categories within staples such as rice, pasta, and baked goods are considered essential for most consumers in Angola, meaning consumers will always purchase such products, regardless of the economic backdrop. Granted, not all consumers can afford all the brands available for purchase, however, they will purchase what they can based on their income levels.
In 2022, retailers in general have performed well for a number of reasons. Firstly, with the pandemic coming to an end and the economy reopening fully, this has naturally positively impacted the sector.
Staples foods has a positive outlook for the forecast period given the appreciation of the Kwanza and ongoing price drops, meaning products are more affordable for households. In general, the country’s economy is set to improve over the forecast period, which also means purchasing powers will expand.
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NOTE: Couscous, polenta and quinoa are excluded from staple foods.See All of Our Definitions
This report originates from Passport, our Staple Foods research and analysis database.
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