Between 2013 and 2023, beef meat slaughtering in Angola exhibited fluctuating trends. The period witnessed highs and lows, including a significant year-on-year decline of 4.28% in 2020 and notable growth in 2021 at 6.02%. By 2023, the beef meat slaughtering stood at approximately 630.25 thousand heads, reflecting a steady, albeit moderate, growth rate over the last few years.
The Compound Annual Growth Rate (CAGR) from 2018 to 2023 rounded off at around 0.74%, indicating a gradual increase in beef meat slaughtering activities. Moving forward to 2028, the forecasted CAGR of 0.54% suggests continued, but modest growth, with a forecasted 2.75% cumulative increase over the next five years.
Future trends to watch for:
- Technological advancements in livestock management.
- Economic policies that could affect the agricultural sector.
- Environmental factors influencing cattle farming conditions.
- Market demand for beef within and beyond Angola.
