The import of Vermouth and Other Flavoured Grape Wine to Angola has shown volatility over the past decade, with notable fluctuations year-on-year. After a significant decline of 23.22% in 2013, the trend exhibited a steady decrease until 2016, followed by some recovery in 2017 with a significant increase of 111.7%. Between 2018 and 2023, the market stabilized with minor fluctuations, maintaining an approximate value of 1.69 million US Dollars in 2023. Over the last two years, slight declines were recorded with a year-on-year variation of -0.87% each year. The CAGR over the last five years has been -2.15%.
Looking forward, the forecast from 2024 to 2028 shows a gradual decrease, with a forecasted CAGR of -0.74%, leading to a reduction in the market value to 1.614 million US Dollars by 2028. The overall forecasted growth rate over the next five years stands at -3.66%.
Future trends to watch for include the potential impacts of economic policies in Angola, any changes in consumer preferences, and global market conditions affecting the wine industry, which may influence import volumes and values significantly.
