The processed raw sugar equivalent in Angola has shown fluctuations and growth trends over the past decade. In 2014, it stood at 45 thousand metric tons and progressively increased to 57 thousand metric tons in 2023, marking a year-on-year variation of 1.79%. The compound annual growth rate (CAGR) over the last five years stands at 1.47%. Significant year-on-year variation includes an increase of 4.44% in 2015, 6.38% in 2016, and a peak of 10% in 2017. The years 2018 and 2021 observed declines and stagnation respectively, before resuming modest growth.
Year-on-year analysis for 2023 indicated a steady increase of 1.79%. Looking ahead to 2024 and beyond, the CAGR is forecasted to slow to 0.68%, yet the overall growth rate is expected at 3.45% by 2028. This reflects a steady but slower increase in raw sugar equivalent processing going forward.
Future trends to watch for include improvements in agricultural technologies, potential policy changes affecting sugar production, and market demand shifts towards alternatives. These factors could significantly impact the projected growth rates for Angola's raw sugar processing industry.
