Forecast: Fertilizer Consumption in Angola

Angola's fertilizer consumption saw substantial fluctuations between 2013 and 2023, moving from 9.37 kg/ha in 2013 to 6.58 kg/ha in 2023. The most notable changes include a significant drop in 2015 and a peak in 2017, followed by a steep decline in 2021. Despite these variations, the consumption stabilized around 6.58 kg/ha from 2022 onwards. The year-on-year variations highlight substantial shifts, such as a 47.28% increase in 2017 and a 28.57% decrease in 2021. Additionally, the compound annual growth rate (CAGR) reflects both positive and negative growth across specific periods, revealing an overall declining trend.

In 2023, fertilizer consumption stood at 6.58 kg/ha, maintaining a forecasted zero growth rate for the next five years, suggesting stabilization at this level. The five-year forecast from 2024 predicts no significant changes, indicating a steady state at about 6.58 kg/ha with an anticipated growth rate of 0.01% and a forecasted 5-year CAGR of 0%.

Future trends to watch for include: