The beef meat market in Angola has seen considerable fluctuations over the past decade. In 2023, the market stood at 108 thousand metric tons. The year-on-year variation revealed a 3.57% decrease from the previous year. Over the last five years, the compound annual growth rate (CAGR) has been recorded at -3.04%, indicating a declining trend.
Historically, the period from 2014 to 2016 showed a significant decline, with a notable 18.33% drop in 2015 followed by another 12.93% in 2016. A brief recovery was observed in 2017 with an 8.59% increase. However, subsequent years, particularly from 2018 to 2020, experienced further declines. The market saw slight improvement in 2021 with a 16.47% increase, but resumed the downward trend in subsequent years.
Projected data up to 2028 indicate a continued downward trajectory with a forecasted 5-year CAGR of -3.22% and an overall 15.11% decrease from 2023 to 2028.
Future trends to watch for include potential shifts in domestic production policies, changes in consumer preferences, economic recovery measures, and the impact of international trade agreements on import and export dynamics within the beef meat market in Angola.
