From 2014 to 2023, the raw sugar equivalent market size in Angola, measured in thousand metric tons, shows a fluctuating yet overall growing trend. In 2023, the volume stood at 382.0. Noteworthy variations include a high growth rate in 2017 (10.85%) and a significant decline in 2018 (-4.76%). Year-on-year variation for 2023 was 1.06%, and the last 5-year average CAGR was 1.19%. Notable dips occurred in 2018 and 2020, while 2021 saw a rebound with a 6.4% increase.
Future trends to monitor include potential market stabilization and moderate growth, forecasted at a 5-year CAGR of 0.76%, leading to a 3.85% cumulative growth by 2028. Factors such as economic conditions, agricultural productivity, and trade policies will significantly impact this trajectory.
