Angola's unmanufactured tobacco production has demonstrated a steady decline since 2013, showing modest variations up until 2019. Notable years include 2020, where a sharp drop of 5.48% was observed, and 2021 with a recovery of 4.73%. By 2023, the production level was 2.91 thousand metric tons. The year-on-year decrease between 2022 and 2023 was 0.51%, matching the 5-year CAGR up to 2023. Looking forward, the forecast predicts further declines with an average annual decrease of 0.41% over the next five years, reaching 2.83 thousand metric tons by 2028.
Future trends to watch:
- Continued environmental and regulatory pressures on tobacco cultivation.
- Potential shifts to alternative crops as farmers seek more sustainable and profitable options.
- Impact of technological advancements in agricultural practices on production efficiency.
- Market demand fluctuations influenced by global economic conditions and changing consumer behavior.