South Africa’s sugar confectionery exports to Angola have experienced significant volatility over the past decade. The export value plummeted from $5.67 million in 2013 to a trough of $0.426 million in 2020. However, the exports showed recovery signs, peaking at $1.71 million in 2023. Notably, the forecasted values from 2024 to 2028 suggest a steady upward trend, with an anticipated CAGR of 4.84% and an overall growth rate of 26.65%.
Over the past two years, from 2021 to 2023, the exports increased by 22.91% year-on-year. The last five-year CAGR was -16.16%, but the forecast indicates a positive shift moving forward.
Future trends to watch for include:
- Market dynamics in Angola’s economy that might affect import capacities.
- Potential trade policy changes between South Africa and Angola.
- Consumer demand trends in Angola for sugar confectionery products.
- Exchange rate fluctuations impacting export value.
