The rice market in Angola exhibited fluctuating trends from 2014 to 2023, with volume standing at 367 Thousand Metric Tons in 2023. Analyzing the year-on-year variations over the last two years, no change was observed (0%) in both 2022 and 2023. The compound annual growth rate (CAGR) over the past five years stood at -0.054%, indicating a slight overall decline in the market size.
In the forecasted period from 2024 to 2028, the market is expected to experience minimal growth. The forecasted five-year CAGR is 0.03%, showing a very modest increase in market volume, translating to a 0.13% overall growth rate over these years.
Future trends to watch for include shifts in domestic production capacity, changes in import policies, and potential impacts of economic and climatic conditions on rice cultivation and consumption in Angola.
