The alcoholic beverages market in Angola stood at 1.96 million metric tons in 2023. Over the decade, the market showed fluctuations with notable dips in 2016 and 2020, followed by a significant rebound in 2021. The year-on-year variation in 2023 was 0.46%, with a compound annual growth rate (CAGR) of 0.22% over the last five years, indicating a relatively stable market.
Future trends to watch for:
- Continued stability post-2023 with forecasted values reaching 2.01 million metric tons by 2028.- A forecasted 5-year CAGR of 0.38%, showing moderate, sustained growth.- Monitoring impact of economic conditions and policy changes that could influence consumption patterns.
