The demand for pelagic fish in Angola has shown significant fluctuations over the past decade. From 2014 to 2016, there was a steep decline, but a recovery started in 2017 and continued until 2018. However, from 2019 onwards, demand has been generally decreasing with minor upticks in 2021 and 2022. In 2023, the demand stood at 408.56 thousand metric tons, showing a year-on-year decline of 1.06%. The CAGR from 2019 to 2023 was -1.3%, indicating a downward trend, albeit at a slightly decelerating pace. Forecasts suggest this declining trend will continue, with a projected CAGR of -0.9% over the next five years, leading to a demand decrease to 384.49 thousand metric tons by 2028.
Future trends to watch for include:
- Impact of economic factors on fish consumption patterns
- Effects of sustainability and fishing regulations
- Potential shifts towards alternative protein sources
- Influence of climate change on fish populations and availability
