In 2023, Angola's domestic food consumption of palm oil stood at 326.0 thousand metric tons. The forecasted data from 2024 to 2028 shows a steady increase in consumption. Specifically, from 2024 to 2025, there is a year-on-year variation of approximately 2.7%, followed by 2.9% from 2025 to 2026, 2.5% from 2026 to 2027, and a similar 2.5% from 2027 to 2028. The compound annual growth rate (CAGR) over this five-year period is around 2.7%.
Future trends to watch for include potential shifts in dietary habits, changes in agricultural policies, and economic fluctuations that could impact both supply chains and consumption patterns for palm oil in Angola.
