In 2023, Angola's food imports stood at 18.01 units of goods, marking a slight increase of 0.6% from the previous year, but with an overall decline reflected in a 2.54% CAGR over the past five years. Looking over a more extended timeline, the trend has experienced fluctuations: a dramatic rise of 29.31% in 2017 and 15.06% in 2020, contrasting significant drops like 22.35% in 2015 and 19.5% in 2021. The forecast for the next five years predicts a steady state with a minimal 0.02% CAGR, indicating a stabilized but low-growth trajectory.
Future trends to watch for:
- Economic recovery and changes in domestic agricultural productivity.
- Currency fluctuations affecting import costs.
- Government policies on trade and food security initiatives.
