The soybean oil market in Angola showed significant fluctuations between 2014 and 2023. In 2023, the market volume reached 88.0 Thousand Metric Tons, with a modest year-on-year variation of 1.15%. Over the last five years, the compounded annual growth rate (CAGR) was 1.18%. The period from 2017 to 2022 saw divergent trends, including a notable increase in 2017 (24.29%) and a sharp decline in 2020 (-16.01%), reflecting market volatility.

Future trends to watch for include:

Sustainable Growth: The forecast over the next five years suggests a stable but slow growth rate with a CAGR of 0.94% and an overall growth of 4.8% by 2028.
Market Stability: The post-2023 period appears relatively stable with steady year-on-year increases predicted, reaching 93.44 Thousand Metric Tons by 2028.
Economic and Policy Factors: Economic shifts and agricultural policies in Angola could significantly impact this market.