The demand for wheat in Angola witnessed consistent growth from 2014 to 2023, starting at 0.98 million metric tons in 2014 and reaching 1.16 million metric tons in 2023. Over the past decade, year-on-year variations have shown considerable fluctuations with notable increases such as 8.49% in 2017 and a sharp decline of -4.06% in 2020. The last two years experienced moderate growth with 0.88% in 2022 and 0.87% in 2023. The CAGR for the past five years stood at 0.78%, highlighting a steady rise in wheat demand, culminating in a forecast of 1.21 million metric tons by 2028.
Looking to the future, factors to watch will include domestic agricultural policies, global wheat supply chain dynamics, and economic conditions influencing consumer behavior in Angola. The forecasted 5-year CAGR of 0.71% suggests continued moderate yet stable growth, with the total demand expected to rise by 3.59% over this period.
