The soybean oil domestic food consumption in Angola shows a forecasted increase from 61.0 thousand metric tons in 2024 to 63.0 thousand metric tons in 2028. From 2024 to 2025, there is a 1.64% year-on-year increase. The consumption remains stable at 62.0 thousand metric tons for 2025, 2026, and 2027, indicating no year-on-year variation during these years. Between 2027 and 2028, a slight increase of 1.61% is anticipated. For a longer perspective, the compound annual growth rate (CAGR) over these five years from 2023 to 2028 is moderate.
Looking ahead, several future trends warrant close monitoring:
- Changes in dietary habits and health awareness in Angola.
- The impact of agricultural policies and incentives on soybean production.
- Developments in import-export regulations affecting commodity prices.
- Global market trends influencing the costs and availability of soybean oil.
