The sorghum processing industry in Angola has shown significant volatility over the past decade. The actual value of sorghum processed stood at 34.0 thousand metric tons in 2023, reflecting a -2.86% year-on-year variation. The compound annual growth rate (CAGR) over the last five years was -2.71%. The industry experienced a notable drop in 2017, falling by 43.4%, followed by a partial recovery in 2018 with a 30% increase. However, the trend from 2019 has been primarily downward, continuing into the forecasted years.
By 2028, the value is forecasted to decrease to 30.0 thousand metric tons, implying a forecasted 5-year CAGR of -1.89% and a total forecasted 5-year growth rate of -9.09%. This consistent decline underscores a period of contraction for the industry.
Future trends to watch for:
- The impact of government policies and investment in agriculture.
- Advancements in sorghum agricultural techniques and technology.
- Changes in domestic and international demand for sorghum products.
- Climate change effects on sorghum crop yields in Angola.
