In 2023, domestic consumption of soybean oil in Angola stood at 61.0 thousand metric tons. Forecasted data shows a slight increase over the subsequent years, peaking at 63.0 thousand metric tons by 2028. Year-on-year variation from 2023 to 2024 is 0%, which indicates stability. However, from 2024 to 2025, it shows a modest increase of approximately 1.64%, maintaining until 2028 with another similar year-on-year increase of around 1.61%.
Considering the compound annual growth rate (CAGR) from 2024 to 2028, the domestic consumption of soybean oil in Angola averages a yearly increase of 0.81%, indicating a gradually growing market.
Future trends to watch for include changes in dietary habits, government policies on agricultural imports, and economic factors influencing purchasing power. Observing these elements would provide a better understanding of consumption dynamics and potential market shifts.
