From 2014 to 2023, soybean demand in Angola experienced notable fluctuations. Starting from 14 thousand metric tons in 2014, demand showed a generally upward trend with exceptions in 2020. The highest year-on-year growth was in 2017 at 68.75%, while the COVID-19 pandemic impacted 2020 with a slight decline. By 2023, demand had reached 31 thousand metric tons, showing stable growth with a year-on-year increase of 3.33%. Over the last five years (2018-2023), the compound annual growth rate (CAGR) was 3.58%.

Noteworthy future trends to watch for include:

Forecasted growth in the demand to 36.2 thousand metric tons by 2028, indicating a 5-year CAGR of 2.44%.
The total growth rate over this forecast period is expected to be 12.79%.
Potential market disruptions and policy changes impacting agricultural imports and local production capabilities.