The sorghum gross production in Angola is projected to decline over the next five years from 6.93 million USD in 2024 to 5.48 million USD in 2028. This forecast indicates a negative trend with year-on-year decreases. The gross production for 2024 stands at 6.93 million USD, which is a decline from the 2023 actual production value.
Analyzing the year-on-year percentage variation:
- 2025: -5.2% from 2024
- 2026: -5.6% from 2025
- 2027: -5.8% from 2026
- 2028: -6.2% from 2027
The Compound Annual Growth Rate (CAGR) over the forecast period indicates an average annual decline of approximately 6% from 2024 to 2028.
Future trends to watch for include potential changes in agricultural policies, climatic conditions affecting crop yield, and shifts in market demand or global prices for sorghum which could impact the forecast. Monitoring these factors will be crucial for adjusting strategies and expectations in the sorghum market.
