Angola's cashew nut production has generally seen a steady upward trend from 2013 to 2023, starting from 1.98 thousand metric tons in 2013 and reaching 2.33 thousand metric tons in 2023. Over the last two years, there was a year-on-year increase of 1.64% in 2022 and 1.57% in 2023. The compound annual growth rate (CAGR) over the past five years was around 1.7%, indicating moderate growth in production levels.
Looking ahead, forecasts for 2024 and beyond suggest continued growth in cashew nut production, reaching 2.52 thousand metric tons by 2028. The forecasted CAGR for the next five years is approximately 1.23%, resulting in a forecasted five-year growth rate of 6.29%.
Future trends to watch for include:
- Potential impacts of climate change on agricultural yields.
- Government policies and investments in the agriculture sector.
- Global demand fluctuations for cashew nuts.
- Technological advancements in farming techniques.
- Market dynamics and trade relationships affecting export capacity.
