Angolan demersal fish production has shown significant variability from 2014 to 2023. The production in 2023 stands at 153.99 thousand metric tons, reflecting a modest 2.43% year-on-year growth rate. The compound annual growth rate (CAGR) over the past five years (2018-2023) has been 2.07%, indicating steady, albeit slow, growth in recent years. Notably, production plummeted by 43.03% in 2015 compared to the previous year, but rebounded strongly with a 66.53% increase in 2016. After reaching a high in 2018, production remained relatively stable, exhibiting minor fluctuations.
Future trends from 2024 to 2028 forecast continued growth, with a forecasted 5-year CAGR of 1.86%, leading to an anticipated production of 172.67 thousand metric tons by 2028. This points to an overall growth rate of 9.64% over the period.
Future Trends to Watch:
- Environmental regulations and sustainability measures impacting fishing practices.
- Technological advancements in fishing equipment and techniques.
- Market demand fluctuations driven by domestic and international factors.
- Government policies and support for the fishing industry.
