Over the past decade, South Africa's exports of dried apricots to Angola have shown variability, with significant increases and decreases. From 2013 to 2016, the value remained constant. The period from 2017 to 2023 observed fluctuations, peaking in 2018 and stabilizing in subsequent years, with $6,000 in exports in 2023.
Year-on-year growth was noteworthy in 2017 (100%) and 2018 (50%), while declines occurred in 2019 (-33.33%). A positive trend resumed in 2020 and 2023 with respective increases of 25% and 20%. The five-year CAGR before 2023 was 0%, reflecting stable growth.
Future projections estimate a stable growth, with consistent values from 2024 to 2026, and an increase in 2027-2028 reaching $7,000. The five-year forecasted CAGR of 3.13% signifies modest growth.
Future trends to watch:
- Economic conditions in Angola that could impact demand.
- South Africa’s production capacity and export strategies.
- Competitive landscape including pricing and quality of dried apricots.
