In 2023, Angola's molasses production stood at 27.78 thousand metric tons. Over the past two years, molasses production saw a steady increase with year-on-year variations of 2.88% in 2022 and 2.74% in 2023. From 2018 to 2023, the compound annual growth rate (CAGR) was 2.97%. Looking ahead, the forecasted data for the next five years indicates an average annual growth rate of 2.06%, culminating in a total growth of 10.71% by 2028.
Future trends to watch for include improvements in agricultural practices, potential investments in production infrastructure, and external market demands which may impact production volumes. Monitoring these factors will be crucial for understanding the trajectory of Angola’s molasses industry.
