Between 2014 and 2023, the demand for mutton and goat meat in Angola remained relatively stable, fluctuating slightly around the 24-25 thousand metric tons mark. In 2020, a noticeable dip of 17% occurred, likely reflecting external factors such as economic disruptions. However, the demand rebounded in 2021 with a 20.48% increase, restoring levels to 25 thousand metric tons. From 2021 to 2023, there were no significant year-on-year changes.
For 2023, the demand stood at 25 thousand metric tons, maintaining the same level as the previous year without any variation. Over the last five years from 2019 to 2023, the compound annual growth rate (CAGR) indicates a relatively flat trend with a minor 0% growth.
Looking forward, forecasts from 2024 to 2028 suggest gradual increases, with the demand expected to reach 25.27 thousand metric tons by 2028. The forecasted 5-year CAGR is 0.15%, while the overall 5-year growth rate is anticipated to be 0.76%.
Future trends to watch for:
- Economic stability and its impact on meat consumption.
- Possible changes in dietary preferences and shifts towards alternative proteins.
- Influence of trade policies and local production capabilities on meat demand.
