Analyzing the data on banana demand in Angola from 2014 to 2023, it is evident that the demand steadily increased, starting from 3.48 million metric tons in 2014 to reaching 4.12 million metric tons in 2023. The year-on-year variation has fluctuated, with the notable declines such as in 2020 (-4.11%) and significant growth in years like 2021 (6.26%). The CAGR over the last five years stands at 0.83%, indicating a modest average annual growth rate.
Forecast trends from 2024 to 2028 project a continued increase in banana demand, growing from 4.16 to 4.3 million metric tons. The forecasted five-year CAGR is 0.7%, suggesting a stable but slow upward trend. This outlook maintains a conservative growth pattern, consistent with historical data. Future trends to watch for include potential impacts from climate change on banana production and any economic factors that may affect disposable income and consumption patterns in Angola.
