The demand for coconuts and copra in Angola has shown significant fluctuations between 2014 and 2023, peaking at 5.0 thousand metric tons in 2014 and hitting a low of 1.0 thousand metric tons in 2016. The demand in 2023 stands at 1.0 thousand metric tons, indicating a dramatic 50% year-on-year drop from 2022. Over the past five years, the compound annual growth rate (CAGR) is -12.94%, highlighting a consistent decline.
Key variations include:
- 2014: -50% year-on-year
- 2015: -20% year-on-year
- 2016: -75% year-on-year
- 2017: 300% year-on-year
- 2018: -50% year-on-year
- 2019: 0% year-on-year
- 2020: -5% year-on-year
- 2021: 5.26% year-on-year
- 2022: 0% year-on-year
- 2023: -50% year-on-year
Looking ahead to 2028, the forecasted CAGR is -36.9%, with a forecasted growth rate of -90% over the next five years, indicating a steep decline.
Future trends to watch for include potential shifts in agricultural policy, climate change impacts on coconut production, and market diversification efforts that could alter the demand trajectory for coconuts and copra in Angola.
