The production of groundnuts in Angola is projected to increase steadily from 245.16 Thousand Metric Tons in 2024 to 265.92 Thousand Metric Tons by 2028. This marks a continuous growth year-over-year. From 2025 to 2028, the year-on-year variation percentages are 2.18%, 2.09%, 2.01%, and 1.93%, respectively. The Compound Annual Growth Rate (CAGR) from 2024 to 2028 is approximately 2.02%, indicating a stable annual increase in production. In 2023, the production stood at 241.00 Thousand Metric Tons.
Future trends to watch:
- Climate conditions and their impact on agriculture.
- Technological advancements in farming techniques.
- Governmental policies and support towards the agricultural sector.
- Market demand both domestically and internationally.