The import of maize seed to Angola in 2023 stood at 3.7031 million US dollars. Between 2013 and 2023, the import values demonstrated significant fluctuations with varying year-on-year rates and CAGR values. Most notably, there were sharp declines in 2014 and 2016, with substantial increases in some years such as 2017 and 2018. However, since 2018, the trend has generally been upward, showing a clear recovery and growth pattern in the imports market.
For the last two years, the year-on-year growth has been relatively stable, showcasing a 5.24% rise in 2022 and a 4.88% increase in 2023. The last five years have observed a CAGR of -0.11%, indicating a largely stagnant growth over that period. Looking ahead, the forecasted data suggests a steady upward trajectory with a 5-year CAGR of 3.14%, resulting in a forecasted growth rate of 16.73% by 2028.
Future trends to watch for include:
- Continued growth in the import of maize seed, bolstered by potential agricultural development and increased demand.
- Possible market volatility due to changes in international trade policies and domestic agricultural production efficiency.
- Increased focus on sustainable farming practices and their impact on import patterns.
