Pelagic fish production in Angola stood at 335.74 thousand metric tons in 2023. The year-on-year growth rate for both 2022-2023 and 2021-2022 was 1.17% and 6.53%, respectively. Between 2014 and 2023, production peaked in 2015 with 31.65% growth and faced significant downturns such as a -19.32% drop in 2016.
Over the past five years, the compound annual growth rate (CAGR) was 1.19%, indicating a stable yet modest increase. Moving forward, the forecast for 2024-2028 suggests a CAGR of 0.94%, with an overall growth rate of 4.77%. By 2028, production is projected to rise to 355 thousand metric tons.
Future trends to watch for:
- Technological advancements in fishing techniques and logistics.
- Government policies impacting fishing quotas and sustainability initiatives.
- Market demand fluctuations both domestically and internationally.
- Climate change effects on fisheries and marine ecosystems.
