The pelagic fish market in Angola has experienced fluctuations in volume over the past decade. In 2023, the market stood at 324.34 thousand metric tons, reflecting a year-on-year decrease of 2.5%. The 5-year CAGR up to 2023 was a decline of 2.75%. Historical data reveal several significant drops, including a sharp 29.58% decline in 2016, with periods of modest recovery, such as the 17.24% growth in 2017. However, the overall trajectory from 2014 through 2023 shows a consistent downward trend.
Looking forward, the forecast indicates a continued decline in the market size, with an expected volume of 280.02 thousand metric tons by 2028. This represents a further contraction with a forecasted 5-year CAGR of -2.27%. Monitoring economic policies, climate change effects on fish stocks, and international trade agreements will be essential for future trends in this sector.
