The beans market in Angola demonstrated a consistent growth trend from 2014 to 2023, with the market size reaching 237 thousand metric tons in 2023. The year-on-year variation showed strong fluctuations from a high of 6.17% in 2021 to a decline of -4.17% in 2020. The last five years witnessed a compound annual growth rate (CAGR) of 0.69%.
Looking forward, the forecasted data from 2024 to 2028 indicates a steady growth trajectory, with an annual average variation of 0.68%, resulting in an estimated market size of 247.43 thousand metric tons by 2028. This represents a cumulative growth rate of 3.44% over the next five years.
Future trends to watch for include:
- Potential impacts of climate change on bean production and yields.
- Shifts in domestic consumption patterns influenced by economic conditions.
- Government policies and investment in agricultural sectors that could boost productivity.