Forecast: Import of Fertilizers to Angola

In 2023, the import of fertilizers to Angola stood at $82.3 million. Analyzing the forecasted values from 2024 to 2028, there is a consistent year-on-year increase in import value, with the projected figures showing $83.853 million in 2024, $85.395 million in 2025, $86.905 million in 2026, $88.386 million in 2027, and $89.836 million in 2028. The calculated year-on-year variations reveal slight but steady growth in import values.

The average annual growth rate (CAGR) for the five-year period from 2024 to 2028 is approximately 1.7%, showing a consistent upward trend in Angola's fertilizer imports.

In terms of future trends, it is essential to monitor global fertilizer prices, Angola's agricultural policies, and potential shifts in trade agreements or local agricultural productivity which could impact import needs. Additionally, infrastructure developments and technological advancements in farming practices could influence the demand for imported fertilizers.