The oilseeds processing industry in Angola stood at 468 Thousand Metric Tons in 2023. The sector has shown a steady year-on-year growth of 1.3% in 2023 and a Compound Annual Growth Rate (CAGR) of 1.29% over the last five years. Looking back, the industry experienced significant growth from 2014 to 2016, with a peak yearly increase of 11.81% in 2016. From 2017 onwards, the growth rate stabilized, averaging around 1.35% year-on-year. Through 2025, the CAGR is forecasted at 0.91% with an overall expected growth rate of 4.64% by 2028.
Future trends to watch for include:
- Technological advancements in processing techniques.
- Government policies and their impact on agricultural imports and exports.
- Fluctuations in global oilseed prices and their effects on local production.
