The millet market in Angola has shown varied trends in the past decade. From a steady value of 33 thousand metric tons in 2014 and 2015, it experienced a notable year-on-year dip in 2016, followed by a sharp rise in 2017, achieving its peak during that period. However, subsequent years saw fluctuating volumes, with a significant drop in 2018 and a gradual recovery to 45 thousand metric tons in 2023.
Key variations over the years are notable:
- 2016: Year-on-year decrease of 3.03%
- 2017: Year-on-year increase of 65.63%
- 2018: Year-on-year decrease of 26.42%
- 2019: Year-on-year increase of 10.26%
- 2020: Year-on-year decrease of 5%
- 2021: Year-on-year increase of 7.71%
- 2022: Year-on-year increase of 2.27%
- 2023: Year-on-year saw no change
Looking at the future forecast, the millet volume is set to reach approximately 48.65 thousand metric tons by 2028, indicating a modest compound annual growth rate (CAGR) of 1.16% from 2024 onwards.
Future trends to watch for include the impact of climate change on crop yields, advancements in agricultural technology in Angola, and potential changes in domestic and international demand for millet.
