From 2014 to 2023, the vegetables market volume in Angola experienced fluctuations but showed overall stability. The market experienced its highest variance in 2017 with an 8.71% increase, while 2020 saw the most notable decline at -4.88%. The year 2023 marked a slightly positive shift with a 0.12% increase, placing the market volume at 808.0 thousand metric tons. The latest CAGR over the last five years stood at 0.2%, illustrating a minor but consistent annual growth rate.
Future market trends from 2024 to 2028 predict minimal growth, with an expected CAGR of 0.03% and a forecasted value of 809.54 thousand metric tons by 2028. The 5-year growth rate is projected at only 0.17%, indicating stability with negligible expansion.
Future trends to watch for in the Angolan vegetable market include:
- Potential impacts of climate change on crop yields and market stability.
- Government agricultural policies and their influence on production.
- Technological advancements in farming techniques enhancing productivity.
- International trade agreements affecting import-export dynamics.
