The wheat market size volume in Angola has shown moderate growth from 2014 to 2023, increasing from 0.979 million metric tons in 2014 to 1.16 million metric tons in 2023. The year-on-year variation for 2023 was 0.87%, and the 5-year compound annual growth rate (CAGR) was 0.78%. Noteworthy fluctuations include an 8.49% increase in 2017 and a -4.06% decrease in 2020, potentially due to market disruptions.
Forecasts from 2024 predict a continued, albeit modest, growth trend with an expected market size volume of 1.21 million metric tons by 2028, reflecting a 5-year forecasted CAGR of 0.71% and a 5-year growth rate of 3.61%.
Future trends to watch for include the impact of climate change on wheat production, advancements in agricultural technology, and shifts in domestic consumption patterns. These factors could influence both the supply and demand dynamics of the wheat market in Angola.
