The Animal Fats Market in Angola displayed stability between 2014 and 2019, with minor fluctuations around 18.0 thousand metric tons. However, 2020 saw a notable decrease by 17%, dropping to 14.94 thousand metric tons, attributed to external market disruptions. The market swiftly recovered in 2021 with a 20.48% increase. By 2023, the market returned to its steady volume of 18.0 thousand metric tons, showing 0% year-on-year variation from the previous year. The 5-year historical CAGR up to 2023 reflects this stabilization at 0.15%.
Future trends to watch for:
- Continued market stability with slight positive increments forecasted.
- From 2024, a minor upward trajectory with volumes gradually increasing to 18.2 thousand metric tons by 2028.
- Impacts of global market conditions and supply chain dynamics on the Angolan market.
