Analyzing the export volume of crustaceans from Angola, there has been steady growth from 2014 to 2019, culminating at 2.23 thousand metric tons. Despite a dip in 2020 with a decline of 14.77%, the volume rebounded strongly by 2021 and continued on a growth trajectory. As of 2023, the volume stood at 2.48 thousand metric tons, reflecting a year-on-year increase of 2.48%. The compound annual growth rate (CAGR) for the past five years was calculated at 2.71%.
The future projected growth from 2024 onwards exhibits continued expansion. Forecasted data up to 2028 indicate a CAGR of 1.91%, with a five-year growth rate of 9.9% by 2028, reaching 2.79 thousand metric tons.
Future trends to watch for include the impact of global economic conditions on export demand, potential regulatory changes in Angola and importing countries, technological advancements in aquaculture, as well as measures taken to sustain crustacean populations and mitigate environmental impacts.
