Between 2014 and 2023, maize processing in Angola has exhibited fluctuating yet overall positive growth. The volume of maize processed increased from 144.0 thousand metric tons in 2014 to 225.0 thousand metric tons in 2023, marking a significant upward trend. Notable surges occurred in 2015 and 2018, with year-on-year variations of 15.28% and 25.29%, respectively. However, the most recent years saw a more stabilized growth with a 2.27% increase from 2022 to 2023. The compound annual growth rate (CAGR) over the past five years was 1.1%, indicating steady, albeit modest, growth.
Forecasts for the future suggest a continued upward trajectory. By 2028, maize processing is expected to reach 247.0 thousand metric tons, with a forecasted five-year CAGR of 1.44%, and an overall growth rate of 7.39%. While these projections suggest moderate growth, they indicate a stabilizing market poised for incremental increases.
Future trends to watch for include the potential impacts of technological advancements in processing, climate change and its effects on crop yields, and government policies promoting agricultural development. Additionally, investments in infrastructure and supply chain improvements could further stimulate growth in this sector.
