From 2013 to 2023, Angola's import of vegetable, fruit, nut, and food preparations experienced significant fluctuations. Initially rising by 12.65% in 2014, it dropped precipitously by 44.27% in 2015. The downtrend was persistent, characterized by intermittent minor recoveries like the 14.06% increase in 2017. By 2023, the import value stood at $43.632 million, marking a -6.02% year-on-year and a -5.38% CAGR over the past five years. Forecasts indicate a further decline with a -6.47% CAGR, reaching $29.036 million by 2028.
Future trends to watch for:
- Continued economic instability impacting import budgets.
- Potential reliance on self-sufficiency and local agriculture bolstering.
- Changes in global trade dynamics affecting food prices and supply chains.
- Government policies aimed at reducing import dependency.