From 2014 to 2023, the sugar cane processing industry in Angola experienced notable fluctuations, with values ranging from 400 thousand metric tons to 624 thousand metric tons. In 2023, the industry stood at 624 thousand metric tons. The most significant year-on-year variation occurred in 2015 with a sharp decline of 18.7%, followed by a robust recovery in 2016 with a 29% increase. The average compound annual growth rate (CAGR) over the last five years was 0.79%.
Over the last two years, year-on-year changes were relatively modest, with a 1.3% increase in 2023 and consistent small gains in the preceding years. Moving forward, the forecast indicates a steady growth trajectory, with an expected average annual CAGR of 0.96% and an overall growth rate of 4.9% by 2028.
Future trends to watch for:
- Technological advancements in processing methods, boosting efficiency and output.
- Government policies and subsidies aimed at supporting the agricultural sector.
- Global sugar market dynamics affecting export potential and pricing.
