The meat demand in Angola, expressed in thousand metric tons, has shown a significant decline from 894.0 in 2014 to 650.0 in 2023. The demand saw a drastic drop of 26.51% in 2015 and continued to fluctuate thereafter. Notable increases include 2017 with 15.16% and 2021 with 18.54%. The recent years have shown a more stable yet declining trend with a -1.78% year-on-year drop in 2022 and a -1.66% decrease in 2023. The five-year Compound Annual Growth Rate (CAGR) up to 2023 stands at -2.29%, indicating a gradual but consistent decline.
Looking forward, the forecasted data from 2024 to 2028 projects a continued downward trend in meat demand, with a forecasted five-year CAGR of -1.47% and an overall decrease of -7.15% by 2028, bringing the demand down to 592.26 thousand metric tons. This suggests an ongoing reduction in meat consumption or supply in Angola.
Future trends to watch for include factors influencing meat demand such as economic conditions, population growth, shifts in dietary preferences, and developments in local meat production versus imports. Additionally, monitoring the impact of potential policy changes and technological advancements in agriculture and meat processing could provide further insights into the demand dynamics in Angola.
