The forecast for non-food uses of palm oil in Angola indicates a significant declining trend. In 2023, actual consumption was 18.0 thousand metric tons, but projections for 2024 show a drop to 15.0 thousand metric tons. This downward trajectory continues year-on-year with values falling to 13.0 in 2025, 10.0 in 2026, 8.0 in 2027, and 6.0 thousand metric tons by 2028.
The variations between the years show a substantial decrease: 2024 to 2025 (-13.33%), 2025 to 2026 (-23.08%), 2026 to 2027 (-20.00%), and 2027 to 2028 (-25.00%). Over the last five years, the compound annual growth rate (CAGR) indicates an average yearly decline of approximately 18.95%.
Future trends to watch for include potential shifts towards more sustainable and eco-friendly alternatives, regulatory changes, and evolving industrial needs that may either curtail or revitalize the demand for palm oil in non-food applications.
