Angola's import of sugars and sugar confectionery has shown significant fluctuations over the past decade. Standing at $152.95 million in 2023, the value has made a significant recovery from earlier years, highlighted by drastic declines initially and a recent stabilization.
The early years saw a marked decline between 2013 and 2016, with a particularly steep drop in 2014 by over 62%. The lowest point was in 2016 at $43.302 million.
From 2017, imports began to recover, with an impressive 107.76% yoy increase in 2018, and stabilization around $150 million between 2021-2023.
Recent CAGR indicates a modest 0.83% annual average growth rate over the next five years, with total forecasted growth of 4.24% by 2028.
Year-on-year variation between 2022-2023 was minimal, showing a plateau-like stabilization at 1.05% growth.
Future Trends to Watch For: Key trends include market stabilization post-2024, consumer demand patterns, potential policy changes affecting trade, and the impact of global sugar prices on imports.
