Forecast: Agricultural Raw Materials Imports in Angola

From 2013 to 2023, Angola's agricultural raw materials imports experienced notable fluctuations. Starting with a value of 0.54 in 2013, they peaked at 1.06 in 2017, driven by a significant 91.95% year-on-year increase from the previous year, but showed a downtrend post-2017, stabilizing around 0.91 by 2023. The last two years (2022-2023) indicate minimal recovery with a 1.76% increase. The five-year CAGR until 2023 was -1.92%, highlighting an overall slight decline in imports. Forecasts from 2024 to 2028 suggest a stabilization in import values at 0.91, resulting in a 0% CAGR and indicating no expected growth.

Future trends to watch for include:

• Potential impacts of economic policies on import stabilization.
• Shifts towards domestic agricultural production affecting import volumes.
• Global market fluctuations and trade agreements influencing Angola's import dynamics.