Over the past decade, Angola's wood fuel production has shown consistent growth. From 4.2907 million cubic meters in 2013 to 5.1532 million cubic meters in 2023, there has been a steady increase, reflecting an average annual growth (CAGR) of approximately 1.54% over the last five years. This demonstrates the sector's resilience despite year-on-year fluctuations.
Key trends observed from 2013 to 2023 include a notable dip in 2022 with no growth (0%), followed by a modest rebound in 2023 with a 1.5% increase. The near-term forecast indicates continued growth, reaching 5.5198 million cubic meters by 2028, with a forecasted five-year CAGR of 1.09%.
Future trends to watch include potential influences of policy changes, international market demands, and sustainable forest management practices which could both positively or negatively impact the growth trajectory. Additionally, technological advancements in wood fuel production efficiency may further shape the industry's future.
