The oilseeds market in Angola has shown a steady growth pattern based on the forecasted data from 2024 to 2028. In 2023, the market volume was recorded at 152.3 thousand metric tons. The year-on-year growth projections indicate a consistent increase, with volume reaching 153.7 thousand metric tons in 2024, followed by incremental rises to 155.1, 156.5, 157.9, and eventually 159.3 thousand metric tons by 2028. These figures suggest a compounded annual growth rate (CAGR) over the five-year period, reflecting a stable growth trend in the oilseeds market.
The key trends to monitor in the future include:
- Technological advancements in agricultural practices and their impact on yield.
- Government policies and investments aimed at boosting the agricultural sector.
- Global demand fluctuations that could influence export opportunities.
- Climate change effects and adaptation strategies impacting crop production.
