The olive oil market volume in Angola has experienced periods of stability and decline over the past decade. The market stood at 4.0 thousand metric tons consistently from 2014 to 2017 before dropping to 3.0 thousand metric tons in 2018. This decline continued, reaching a low of 2.49 thousand metric tons in 2020. The market then rebounded slightly to 3.0 thousand metric tons in 2021 and remained stable through 2023.
Year-on-year variation over the last two years shows a 0% change, indicating stability after previous volatility. However, the Compound Annual Growth Rate (CAGR) over the last five years is -5.59%, illustrating a longer-term decline in market volume.
Forecasted data suggest a gradual decline in olive oil market volume from 2.9 thousand metric tons in 2024 to 2.65 thousand metric tons by 2028, with a forecasted 5-year CAGR of -1.83% and an overall forecasted 5-year growth rate of -8.8%.
Future trends to watch for include shifts in consumer preferences, potential economic improvements, and changes in import regulations that could influence market volume. Monitoring these factors will be crucial in understanding the direction of Angola's olive oil market.
