Sugar is consumed in every country in the world, however for developing countries sugar can be a sensitive political issue. Angola has been on the road to economic recovery since the end of the Civil War in 2002 and growth of its sugar industry has been part of the process.
Angolan sugar consumption has been on the rise post-2002 as GDP per capita has grown. Sugar is traditionally seen as an attractive product as a cheap source of calories with additional demand coming from the consumption of sugar in processed foods and soft drinks.
Our client, asked CZ to provide an overview of the emerging sugar economy in Angola with a particular focus on trade and sugar regimes.
CZ Approach
- In-house and external data sources to model the relationship between rising consumption and income growth.
- In-house data to do full policy reviews on sugar across 20 African geographies.
- Interviews with on-the-ground food and beverage companies.
CZ Solution:
Delivered a market overview report to our client, enabling them to understand regulations in the African sugar industry and the implications of government policy on trade and industry development by country, as well as the potential policy synergies with the Angolan sugar industry. This allowed them to calibrate prospective investments in the Angolan sugar industry.
Outlook
Angola’s economic fortunes have been primarily dependent on global oil demand, which has created cyclical growth levels. The sugar industry presents opportunities for the country in related industrial sectors such as ethanol, but to meet growing demand a stable and transparent regulatory regime needs to be implemented to foster growth and smoother trade flows.
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