The import of prepared or preserved shrimps and prawns to Angola in 2023 stood at a given baseline, from which the forecasts suggest a gradual decline over the following five years. From 2024's forecasted value of 159.75 thousand USD, the imports are projected to decrease slightly each year, reaching 153.58 thousand USD in 2028. This represents a year-on-year decline of:
• 0.99% from 2024 to 2025.
• 0.98% from 2025 to 2026.
• 0.98% from 2026 to 2027.
• 0.96% from 2027 to 2028.
Considering the compound annual growth rate (CAGR) over the five-year period, the imports of prepared or preserved shrimps and prawns are anticipated to decrease by an average of about 0.98% annually. This decline suggests a potential reduction in demand or a shift toward local production capacities.
Future trends to watch for include shifts in consumer preferences, potential policies to boost local aquaculture, and global price fluctuations of seafood, which may influence Angola's import dynamics.
