The bananas market in Angola exhibited a relatively stable growth over the last decade, reaching 1.18 million metric tons in 2023. Notable growth spurts occurred in 2015 and 2017, with year-on-year increases of 3.25% and 4.59%, respectively.
The market experienced a slight contraction in 2020, dropping by 4.26%, but recovered with a 5.99% rebound in 2021. The average annual growth rate over the past five years (CAGR) was 0.62%, reflecting modest but consistent growth.
Forecasts suggest this stable growth pattern will persist, with the volume expected to reach 1.23 million metric tons by 2028, indicating an anticipated 5-year CAGR of 0.53% and an overall growth rate of 2.68%.
Future trends to watch for:
- Potential impacts of climate change on banana production.
- Technological advancements in agriculture boosting yield efficiency.
- Changes in consumer demand and preferences.
- Government policies influencing agricultural practices and trade.
