The cream market in Angola experienced fluctuations between 2014 and 2023, with a notable decline in 2020 down to 6.64 thousand metric tons. This was followed by a recovery to 8.0 thousand metric tons in 2021, maintaining this level through to 2023. Notably, from 2019 to 2023, the market exhibited a steady state.
Year-on-year percentage variations show significant changes, particularly a 28.57% increase in 2015 and a 17% decrease in 2020. The compound annual growth rate (CAGR) over 2019 reflects a slight growth trend of 2.71%, but a negative CAGR of -5.9% for 2020. However, in the five years leading to 2028, forecasts suggest a modest CAGR of 0.35% and a 1.74% overall growth rate.
Future trends to watch for include:
- Stability in demand, with slight increases projected annually through to 2028.
- Potential market impacts from economic factors and consumer behaviors.
- Competitive dynamics within the dairy industry affecting market volume.
