The actual production of palm kernel oil in Angola in 2023 stood at 11.0 thousand metric tons, with no year-on-year variation from 2022. Over the last two years, there was a noticeable year-on-year increase of 10% in 2022, followed by a stagnation in 2023. The last five years exhibited an average annual growth rate (CAGR) of 1.92%. The forecasts predict a slow but steady growth with a projected 12.3 thousand metric tons by 2028, amounting to an average annual growth rate of 1.71% over the next five years.

Future trends to watch for:

Global market fluctuations and their impact on palm kernel oil prices.
Economic policies and agricultural incentives by the Angolan government aimed at boosting production.
Technological advancements in palm oil extraction and processing.
Climate change factors affecting crop yields.