Angola's domestic palm oil consumption stood at 324.0 Thousand Metric Tons in 2023. The forecast indicates a steady increase, reaching 371.0 Thousand Metric Tons by 2028. The year-on-year variation shows a consistent growth, with percentages from 2024 to 2028 increasing by approximately 2.7% to 2.5% annually. The Compound Annual Growth Rate (CAGR) over the last five years is around 2.6%.
Future trends to watch for:
• Government policies encouraging domestic production and consumption.
• Fluctuations in global palm oil prices impacting import costs.
• Potential shifts in consumer preference towards healthier alternatives.
• Environmental regulations affecting production practices.
• Technological advancements in palm oil processing and sustainability efforts.
