The historical data from 2013 to 2023 depicts a fluctuating yet overall declining trend in beef meat production in Angola, starting at 105.4 thousand metric tons and decreasing to 99.98 thousand metric tons by 2023. Notably, significant drops occurred in 2016 and 2020 with year-on-year decreases of -3.28% and -4.57% respectively. However, a slight recovery was observed from 2021 onwards, with the year-on-year variations remaining positive but modest, around the 0.28% mark in 2022 and 2023. The 5-year CAGR up to 2023 stands at 0.29%, indicating slow growth.
Looking ahead, the forecasted data for 2024 to 2028 suggest a gradual but stable increase in beef production. The production is expected to rise from 100.28 thousand metric tons in 2024 to 101.42 thousand metric tons by 2028. The forecasted 5-year CAGR is 0.23%, while the total forecasted growth rate over this period stands at 1.13%. This suggests a steady but slow improvement in production levels.
Future trends to watch for include potential impacts of climate change on livestock farming, government policies on agricultural development, and technological advancements in farming practices. Monitoring these factors will be crucial for predicting more precise future outputs in beef meat production in Angola.
