The pet food export value from South Africa to Angola stood at 817 thousand US dollars in 2023, showing a minor growth of 3.29% compared to 2022. From 2013 to 2023, the market has experienced considerable volatility with significant fluctuations in year-on-year variations. Despite these fluctuations, the compound annual growth rate (CAGR) over the past five years remains positive at 10.68%. Forecasts from 2024 onward suggest a steadier growth trend, with an expected average annual growth rate of 2.29%. This steady increase is projected to accumulate into an 11.98% growth by 2028.
Future trends to watch for:
- Consistent demand growth in Angola driven by increased pet ownership.
- Potential market stabilization leading to more predictable year-on-year growth.
- Exchange rate fluctuations impacting export values.
