An analysis of pet food exports from Germany to Angola indicates a dynamic trend over the past decade, with values showing significant fluctuations. In 2013, exports stood at 148.0 thousand USD. This value experienced a notable variation through the years, with significant peaks in 2018 at 204.0 thousand USD, and notable troughs in 2016 at 72.0 thousand USD. By 2023, the export value stabilized to 138.0 thousand USD.
Year-on-year variations over the last two years reflect a minor increase of 0.73% in 2023. The Compound Annual Growth Rate (CAGR) over the last five years reveals an average decline of approximately 7.52% annually. Forecasted values from 2024 onwards indicate a potential stabilization, with an expected average annual growth rate (CAGR) of 0.29% and a total growth rate of 1.44% by 2028.
Future trends to watch for include:
- Global supply chain disruptions affecting the availability and cost of pet food ingredients.
- Angola's economic conditions, which directly impact the demand for imported goods such as pet food.
- Changes in pet ownership trends in Angola, potentially influenced by increasing urbanization and disposable incomes.
