Based on the data, sweeteners production in Angola has shown a positive trend from 2014 to 2023, experiencing periods of both growth and decline. The production increased from 283.0 thousand metric tons in 2014 to 364.0 thousand metric tons in 2023. Over the last two years, the year-on-year variation indicated a steady growth of approximately 1.39% in 2023. The Compound Annual Growth Rate (CAGR) over the past five years stands at 1.31%. Forecasts project a continued growth, predicting a production increase to 388.3 thousand metric tons by 2028 and a five-year CAGR of 1.02%.
Future trends to watch for include:
- Technological advancements improving production efficiency.
- Increasing domestic consumption of sweeteners due to changing dietary habits.
- Supply chain and logistical improvements in the region.
- Potential impacts of international trade policies affecting the export market.
