Between 2014 and 2023, the demand for distilled alcoholic beverages in Angola showed significant fluctuations. After peaking in 2014, the demand experienced a notable decline, particularly between 2014 and 2016, where it dropped from 37.0 to 24.0 thousand metric tons. The period from 2017 to 2019 saw a mix of slight recoveries and decreases, followed by another significant drop in 2020. Recent years have shown a more stabilized trend with the demand plateauing at 23.0 thousand metric tons in 2023, indicating a year-on-year change of 0%. The 5-year CAGR stands at -3.16%, underlining the overall downtrend in this period.
Looking forward, forecasts predict that the demand will continue to decline, reaching 19.15 thousand metric tons by 2028. The compound annual growth rate (CAGR) for the next five years is projected at -2.77%, indicating a 13.11% decrease over this period. Key future trends to watch for include potential economic shifts, changes in consumer preferences, and regulatory impacts that could further influence the demand trajectory in Angola.
