The demand for beef meat in Angola has shown a declining trend over the past decade, decreasing from 180 thousand metric tons in 2014 to 108 thousand metric tons in 2023. Between 2021 and 2023, the year-on-year variation was -3.57%, and the compound annual growth rate (CAGR) over the past five years was -3.04%. The most significant annual drop occurred in 2015 with an 18.33% decrease. Recovery was seen in 2021 with a 16.47% increase, but the overall trend remains negative.
Looking forward, the forecast for 2024 and beyond continues to show a downward trend, with an estimated CAGR of -3.22% over the next five years, reflecting a 15.11% reduction in beef meat demand by 2028.
Future trends to watch for include:
- Economic conditions that may affect consumer purchasing power.
- Changes in dietary preferences towards alternative protein sources.
- Government policies impacting the beef industry.
- Import/export regulations that may influence domestic beef supply and demand.
