The production of non-coniferous wood fuel in Angola has shown a steady increase from 2013 through 2023. In 2023, the production stood at 5.1532 million cubic meters, representing a 1.5% year-on-year growth. The last 5-year compound annual growth rate (CAGR) was 1.54%. Over the most recent years, the year-on-year growth varied from 2.3% in 2013 to a plateau in 2022, then picked up slightly by 1.5% in 2023.
The forecasted data from 2024 to 2028 suggests a continued upward trend, with a more moderate forecasted 5-year CAGR of 1.09% by 2028, indicating a more stable but slowing growth rate trajectory. By 2028, production is expected to reach 5.5198 million cubic meters, representing a cumulative 5.58% growth rate over five years.
Future trends to watch for:- Changes in governmental policies affecting forest management and harvesting quotas.- Advances in sustainable wood fuel production technologies.- Increased demand for renewable energy sources.- External market conditions that might influence production and consumption rates.
