Crustaceans production in Angola has exhibited a significant decline from 2014 to 2023, dropping from 5.98 thousand metric tons in 2014 to 1.43 thousand metric tons in 2023. The year-on-year variations and compound annual growth rates (CAGR) highlight this downward trend with notable declines: -20.9% in 2015, -45.88% in 2016, and a -14.37% decrease in 2023. Over the last two years, the production decreased by approximately 8.44% in 2022 and 14.37% in 2023. The last 5-year CAGR to 2023 indicates an average annual decrease of 12.26%.
Forecasts suggest that this declining trend will continue sharply from 2024 to 2028. The projected 5-year CAGR from 2023 to 2028 is -32.56%, with an overall production decrease of 86.05% by 2028. By 2028, production is expected to drop to 0.16 thousand metric tons.
Future trends to watch for:
It will be crucial to monitor potential environmental changes, government policies, and investment in aquaculture that could impact crustaceans production. Any advancement in sustainable fishing methods and technological innovations might also play a role in mitigating the declining trend.
