The import of fresh or chilled shrimps and prawns to Angola shows a steady forecasted increase from 2024 to 2028. In 2023, the actual import value stood at 377.63 thousand US Dollars. The year-on-year variation shows a consistent growth trend, with forecasted imports increasing by approximately 4.1% in 2024, 4.1% in 2025, 4.1% in 2026, and 3.9% in 2027. The Compound Annual Growth Rate (CAGR) for the period from 2024 to 2028 is projected to be around 3.7%, indicating a stable market growth.
Future trends to watch for:
- Potential changes in Angola's trade policies that could impact import tariffs and quotas.
- Fluctuations in global shrimp and prawn prices driven by changes in supply from major exporting countries.
- Shifts in consumer preferences towards seafood and potential increases in demand driven by economic growth and rising incomes.
- Impact of climate change on shrimp and prawn fisheries, affecting supply levels and prices.
