Forecast: Sugar Crops Production in Angola

The production of sugar crops in Angola has experienced fluctuations over the past decade. Starting from 526,000 metric tons in 2014, the production saw significant dips and rises, notably a 16.73% decline in 2015 followed by a sharp 26.48% increase in 2016. Consistent growth was recorded from 2018 to 2021, with 2023 standing at 663,000 metric tons. The trend analysis indicates an average annual growth rate (CAGR) of 0.74% over the last five years, with a year-on-year increase of 1.38% in 2023. Looking ahead, the forecast suggests continued, albeit modest, growth with a projected 2028 CAGR of 1.06% and an overall 5-year growth rate of 5.42%.

Future trends to watch for include the impact of climate change on crop yields, advancements in agricultural technology, and shifts in global sugar demand. These factors could significantly influence production volumes in the coming years.

Top Countries about Sugar