From 2014 to 2023, the millet demand in Angola displays significant fluctuations, with a notable spike in 2017 and a subsequent dip in 2018. The overall trend from 2020 to 2023 shows a steady increase in value, reaching 61.0 thousand metric tons in 2023. The year-on-year variation for 2023 is noted at 1.67%, showing stability. The 5-year CAGR up to 2023 stands at 3.24%, indicating moderate growth over recent years.
Looking forward from 2024, the forecasts predict a continued upward trend, with a value of 66.24 thousand metric tons by 2028. The forecasted 5-year CAGR is 1.3%, suggesting slower but consistent growth. Future trends to watch for include evolving agricultural practices, climate change impacts, and changes in dietary preferences, which could influence millet demand.
Key Future Trends to Watch for:
- Advancements in agricultural technologies and sustainable farming practices.
- Changes in climate and their effects on millet production levels.
- Shifts in consumer dietary trends towards more diversified grain consumption.
