Key Market Indicators
**Angolan Oilseeds Consumption to Rise by 2028** Angola's oilseeds consumption is projected to reach approximately 159,000 metric tons by 2028, up from 152,000 metric tons in 2023. This signifies an annual growth rate of 0.7% year-on-year. Since 2019, Angolan demand for oilseeds has seen a steady increase of 1.1% annually. In 2023, Angola ranked 40th globally in oilseeds consumption, with Peru slightly ahead at 152,000 metric tons. Leading the global rankings were India, Indonesia, and Brazil, occupying the second, third, and fourth spots respectively. **Angolan Oilseeds Production on Steady Growth Path** In terms of production, Angola's oilseeds output is expected to reach about 162,000 metric tons by 2028, up from 150,000 metric tons in 2023. This marks a compound annual growth rate (CAGR) of 1.2%. Since 1966, Angola's oilseeds production has consistently grown at an annual rate of 1.5%. In the 2023 rankings, Angola stood at 74th place, with Mozambique surpassing it with a production of 150,000 metric tons. Brazil, Malaysia, and the United States took the second, third, and fourth positions in global oilseeds production.
