Analysis of historical data for vegetable oil imports in Angola shows fluctuating import volumes with notable reductions over recent years. In 2023, the volume stood at 245.0 Thousand Metric Tons, representing a year-on-year decline of 2.78%. The compound annual growth rate (CAGR) for the past five years averages a decline of 2.07%. Over the decade, the largest year-on-year changes include a 35.52% decline in 2016 and a 52.78% increase in 2017, highlighting market volatility.
Future trends to watch for indicate a continued decrease in import volume, with a forecasted 5-year CAGR of -2.44% leading to an 11.6% reduction by 2028. Monitoring domestic production capability, policy changes, and global oil supply will be key to understanding future import dynamics.
