The forecast for sunflower oil production in Angola shows a mixed historical performance with various year-on-year variations. In 2023, the production value was 3.7 thousand metric tons. Over the past two years, production saw a slight decrease of 0.22% annually. Over the last five years, the compound annual growth rate (CAGR) was -0.29%, indicating a subtle downward trend.
Looking forward to the next five years, the forecasted data suggests a continuing downward trend with an expected decline in production at an average rate of 0.87%, with a CAGR of -0.17%. The sunflower oil industry in Angola may face modest declines, pointing to potential challenges in increasing or even maintaining current levels of production.
Future trends to watch include:
- Increasing global competition and its impact on local production.
- Fluctuations in local agricultural yields and the impact of climate change on production.
- Potential government policies aimed at bolstering agricultural sectors, including sunflower oil production.
- Innovation and adoption of new agricultural technologies to improve yield and efficiency.
