In Angola, the current economic landscape, marked by a scarcity of foreign currencies in the national bank, poses a potential challenge to the affordability and availability of goods, including hot drinks. The looming threat of increased inflation, exacerbated by delays in public sector salary disbursements, is influencing consumer behaviours in 2023.
The recent plea for assistance from Portugal signifies Angola's recognition of the need to diversify its economy, reducing dependency on crude oil. With a particular emphasis on the Agro Industry, this diversification effort could have ripple effects on hot drinks in 2023.
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.
In terms of coffee and tea Angola has exclusive brands like Ginga and Sona that are affordable to almost everyone. However, tea can even be grown at home, with this being most commonly practised by low-income groups and those in rural areas.
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 poised for consistent growth over the forecast period, driven by several factors including population growth, urbanisation, and an expanding distribution network. Coffee production continues to receive substantial investments and innovations, ensuring its sustained popularity, especially for domestic brands.
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Hot Drinks
This report originates from Passport, our Hot Drinks research and analysis database.
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