Pet food exports from Brazil to Angola have shown significant fluctuations over the past decade. In 2013, the volume stood at 519 metric tons and peaked at 706 metric tons in 2014, reflecting a year-on-year increase of 36.03%. However, from 2015 onwards, the exports exhibited a downward trend, with notable declines. By 2023, the volume reached 71 metric tons, a 1.39% decrease from 2022. The last five-year CAGR leading up to 2023 was -2.84%, indicating an overall downward trajectory over this period. Future forecasts predict stability in the volume, maintaining around 71 metric tons till 2028, with the forecasted five-year CAGR at -0.28%.
Key future trends to monitor include:
- Potential shifts in Angola's import policies and economic conditions.
- Changes in Brazil's pet food production and export strategies.
- Global market dynamics affecting the pet food industry.
- Technological advancements and innovations in pet food production.
