The import of cocoa butter, fat, and oil to Angola demonstrated fluctuating patterns between 2013 and 2023. In 2023, the import volume stood at 3.38 thousand kilograms, a notable decrease from previous years. Over the last two years, the imports declined by approximately 13.57% year-on-year. The last five-year CAGR indicates a significant downward trend, averaging a -26.24% change per year. From 2014, the series shows periods of substantial spikes, particularly in 2014 and 2016, followed by years of sharp declines, indicating volatility influenced by varied external factors.
Looking forward, forecasts suggest a continuous decline with imports expected to fall to 0.611 thousand kilograms by 2028. This represents an overall forecasted 78.17% drop, a significant reduction. Trends to watch for include changes in local production capacities, shifts in global cocoa supply chains, and economic conditions that might impact import levels. Additionally, policy changes regarding trade regulations or incentives could also influence future import trends.
