Based on the provided data, cassava demand in Angola has shown a steady increase from 2014 to 2023, reaching 9.01 million metric tons in 2023. The year-on-year variation highlights a positive growth trend with some fluctuations, indicating an overall resilience despite occasional downturns. Notably, there were significant increases in 2017 and 2018 with year-on-year growth rates of over 5%. However, 2019 and 2020 experienced slight declines. The average compound annual growth rate (CAGR) over the last five years stands at 0.63%.
Forecast data from 2024 to 2028 suggest a continued upward trend, although at a moderate pace, with a forecasted five-year CAGR of 0.73% and an overall growth rate of 3.68% by 2028. This indicates a sustained, if gradual, increase in demand, reflective of stable market conditions and potentially increasing efficiency in production and distribution channels.
Future trends to watch for include:
- Potential impacts of climate change on cassava yields.
- Advances in agricultural technologies and their adoption rates.
- Economic policies influencing agricultural subsidies and trade regulations.
- Shifts in consumer preferences and changes in dietary patterns.
