Forecast: Import of Baked Bread, Pastry and Wafers to Angola

Between 2013 and 2023, the import of baked bread, pastry, and wafers to Angola showed significant volatility. Initially, imports increased dramatically in 2014 by 38.68%. However, from 2015 onward, a downward trend has persisted, with a sharp decline in 2015 and continued decreases averaging a CAGR of -4.07% per year over the last five years. In 2023, the import value stood at $44.115 million, marking a 4.74% decrease from the previous year.

Year-on-year variances for the last two years indicated declines of 4.61% in 2022 and 4.74% in 2023. Long-term trends reveal a persistent reduction, driven by economic factors and possibly increased local production or substitution. The forecast for the next five years further suggests a CAGR of -4.78%, projecting an overall 21.72% decline by 2028.

Future trends to watch for include:

• Economic stabilization or volatility that could impact import levels.
• Potential growth in local production affecting import dependency.
• Changes in consumer preferences and market demand for baked products.