The demand for grapes in Angola stood at 1.0 Thousand Metric Tons in 2023. Between 2014 and 2023, the demand experienced highs and lows, peaking at 3.0 in 2015 before gradually stabilizing around 1.0 in recent years. The most significant decline was observed in 2016, with a year-on-year drop of 66.67%. Over the last two years, from 2022 to 2023, demand remained stable, registering a 0% year-on-year change.
Forecasted data indicates a steady decline from 2024 onwards, with demand expected to fall to 0.69 Thousand Metric Tons by 2028. The Compound Annual Growth Rate (CAGR) over the next five years is estimated at -5.38%, predicting an overall decrease of approximately 24.18% by the end of the forecast period.
Future trends to watch for include potential shifts in consumer preferences, economic factors affecting purchasing power, and developments in local grape production that could influence demand dynamics. Continuous monitoring of these factors will be essential for a more accurate long-term forecast.
