The meat market volume in Angola experienced significant fluctuations from 2014 to 2023. The annual variation in the early years displayed a steep decline in 2015 by 26.51%, followed by a more moderate decrease in 2016 and a rebound in 2017 at 15.16%. From 2018 to 2019, the market saw minor ups and downs, followed by a dramatic drop in 2020 at 18.43%. The market partially recovered in 2021 with an 18.54% increase, but it fluctuated again in the subsequent years through 2023. The Compound Annual Growth Rate (CAGR) from the past 5 years reflected a decreasing trend at -2.29%.
Notable yearly variations from 2022 to 2023 indicated a minor decrease of 1.66%. Forecasts from 2024 to 2028 show a continued downward trajectory with a predicted CAGR of -1.47%, leading to an anticipated cumulative decline of 7.15% over the period. The meat market stood at 650 Thousand Metric Tons in 2023.
Future trends to watch for:
- Potential impacts of economic policies and global trade agreements on meat imports.
- Evolution of domestic livestock production capabilities.
- Consumer preferences shifting towards plant-based diets or alternative protein sources.
- Influence of inflation and currency fluctuations on purchasing power and meat consumption.
- Health and safety regulations affecting meat production and supply chain dynamics.
