Between 2014 and 2023, the volume of the demersal fish market in Angola has shown significant fluctuations, ultimately reaching 192.99 thousand metric tons in 2023. In 2015, there was a notable drop of 39.12%, but the market rebounded strongly in subsequent years with notable increases of 55.18% in 2016 and 39.39% in 2017. Stability followed, with minor year-on-year variations. In recent years, the growth rate stabilized with a year-on-year increase of 2.05% in 2023 and a five-year CAGR of 1.7%. Future projections indicate a steady growth trend, leading to a forecasted market volume of 212.66 thousand metric tons by 2028, reflecting a forecasted five-year CAGR of 1.58%.
Trends to watch for in the future:
- Steady growth and market stability indicated by the forecasted 5-year growth rate of 8.18%.
- Potential external factors such as policy changes, sustainability practices, and marine ecosystem health impacting future growth rates.
- Technological advancements in fishing techniques and fishery management could drive efficiencies and influence market volume.
