The demand for maize in Angola has shown a relatively stable upward trend from 2014 to 2023, reaching 3.13 million metric tons in 2023. Notably, there was a significant spike in demand in 2018 with a year-on-year increase of 31.63%. However, this was followed by a slight decline in the subsequent years. The year-on-year variations over the past few years show modest fluctuations, with the last two years (2022-2023) showing a 2.19% increase, while the most recent compound annual growth rate (CAGR) over five years (2019-2023) has been relatively low at 0.87%.
Looking ahead, the forecast for maize demand continues to increase steadily, with a 5-year CAGR prediction of 1.67%, and an overall growth rate of 8.61% by 2028. These trends suggest a continued slow but steady rise in maize demand in Angola, likely driven by population growth and increased consumption.
Future trends to watch for:
- Potential impacts of climate change on maize production and supply chains.
- Government policies and investments in agricultural infrastructure and technology.
- Economic factors including consumer income levels and maize import/export dynamics.
