Forecast: Pelagic Fish Export Volume in Angola

The pelagic fish export volume in Angola has seen fluctuating trends from 2014 to 2023, standing at 36.16 Thousand Metric Tons as of 2023. The early years experienced sharp growth, with a notable increase in 2015 (63.36%) and 2016 (98.35%). The years 2017 and 2020 saw declines of -32.76% and -13.87% respectively, while more recent years (2019-2023) exhibited moderate growth, with a 2023 year-on-year increase of 3.2%. Over the last five years, the Compound Annual Growth Rate (CAGR) is 4.5%. Future trends to watch for:

  • The forecasted 5-year CAGR from 2024 to 2028 is projected to be 2.37%.
  • Overall growth rate over the next five years is anticipated to be 12.43%.
  • Potential market drivers include effective fisheries management and stable demand in international markets.
  • Key risks might involve environmental challenges and global economic fluctuations impacting export demand.

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