Forecast: Maize Market Size Volume in Angola

Between 2014 and 2023, Angola's maize market grew from 1.09 million metric tons to 1.53 million metric tons, showing a steady increase with fluctuations. The highest year-on-year growth occurred in 2018 at 19.63%, while 2019 and 2020 saw negative growth of -3.13%. The Compound Annual Growth Rate (CAGR) from 2018 to 2023 was 0.87%, indicating slower growth in recent years. Projections from 2024 to 2028 predict a steady increase, with the CAGR forecasted at 1.38% and an overall growth rate of 7.11% over the period, reaching 1.67 million metric tons by 2028.

Future Trends to Watch For:

  • Technological advancements in agriculture could boost production efficiency and output.
  • Climate change impacts may pose risks to maize yields.
  • Government policies and subsidies could significantly influence market dynamics.
  • Shifts in consumer preferences and export demand will play crucial roles in market growth.

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