The import of shelled almonds to Angola has shown a noticeable downward trend over the past decade. In 2013, the import value stood at $914.58 thousand USD but has since declined each year, with minor positive fluctuations, reaching $161.24 thousand USD in 2023. The year-on-year percentage variation over the last two years indicates a consistent declining trend, with a decrease of 13.51% from 2021 to 2022 and a further 15.31% decline from 2022 to 2023. The five-year CAGR from 2018 to 2023 is -10.42%, demonstrating a significant average annual decline in import value.
For the future, forecasts indicate a continued sharp decrease in almond imports, with values predicted to drop to only $8.98 thousand USD by 2028. The forecasted five-year CAGR is estimated at -41.34%, and the overall growth rate is expected to plummet by 93.05% over this period, signaling a dramatic contraction in the market.
Future trends to watch for include:
- Potential changes in Angola's economic conditions and their impact on imports.
- Shifts in global almond prices and availability.
- Changes in consumer preferences or local production of alternative nuts.
