In 2023, the demand for groundnuts in Angola stood at 256.00 thousand metric tons. From 2024 onwards, the data indicates a consecutive annual increase in demand with the values reaching 257.64, 259.31, 260.95, 262.56, and 264.14 thousand metric tons respectively until 2028. This suggests a steady year-on-year growth trend averaging around 0.65% per year (CAGR of approximately 0.65%). For the last two years, the changes were minor, reflecting a stable yet modest increasing demand.
Future trends to watch for include shifts in agricultural practices, impact of global supply chain dynamics, potential government policies on agriculture, and changes in consumer preferences which could impact the demand variability significantly.
