From 2014 to 2023, Angola's pelagic fish import volume exhibited a downtrend, notably plummeting from 248.66 thousand metric tons in 2014 to 108.98 thousand metric tons in 2023. The compound annual growth rate (CAGR) over the last five years indicates a steady decline of -6.03%, with significant year-on-year drops such as -34.18% in 2015 and -21.54% in 2020.
Highlights over the last two years include:
- 2022: -0.94% year-on-year variation
- 2023: -6.14% year-on-year variation
Forecasts indicate the downtrend will persist, projecting a continued decline to 71.39 thousand metric tons by 2028, with a forecasted 5-year CAGR of -6.65% and an overall decrease of -29.12% from 2023 levels.
Future trends to watch for:
- Impact of local fishing initiatives on import dependency
- Changes in trade policies or economic conditions affecting imports
- Environmental factors impacting pelagic fish availability
