The beer demand in Angola, expressed in Volume, stood at 1.18 Million Metric Tons in 2023. Over the recent years, the market has experienced fluctuations, with notable decreases during 2016 and 2020 due to economic challenges, followed by a significant resurgence in 2021. Year-on-year variations indicate a stabilizing pattern with a 0.17% increase in 2023. The CAGR for the last five years has been relatively modest at 0.085%, indicating slow but steady growth.
Looking forward, the forecasted data from 2024 to 2028 suggests a stable growth pattern with an average annual increase of 0.1%. This gradual growth implies a market that is recovering and stabilizing after past disruptions. The beer demand is expected to slightly escalate to 1.19 Million Metric Tons from 2024 onwards.
Future trends to watch for include economic stability, potential changes in consumer preferences, and the impact of any regulatory changes on alcohol consumption. Additionally, the influence of imported versus locally produced beers and market penetration by international brands could also shape demand dynamics.
