The forecast for raw sugar equivalent demand in Angola shows a steady increase from 2024 to 2028, reflecting a positive growth trajectory. In 2023, the demand stood at 529.15 thousand metric tons. As per the forecasted data, demand in 2024 is expected to rise to 536.59 thousand metric tons, marking an approximate year-on-year increase of 1.4% from 2023 to 2024. Further, the demand grows by approximately 1.33% each subsequent year, reaching 564.29 thousand metric tons by 2028. The cumulative average growth rate (CAGR) over these five years is around 1.3%.
Future trends to watch for include potential changes in consumer behavior, economic factors affecting disposable income, and government policies related to sugar production and import. Additionally, fluctuations in international sugar prices and advancements in agricultural practices could significantly impact demand levels. Monitoring these factors will be crucial for anticipating future market dynamics in Angola’s sugar industry.
