Agriculture In Angola Market Size (2024 - 2029)

Angola Agriculture Market Analysis

The Agriculture In Angola Market size is estimated at USD 14.86 billion in 2024, and is expected to reach USD 19.51 billion by 2029, growing at a CAGR of 5.60% during the forecast period (2024-2029).

Angola has significant agricultural potential among Southern African countries due to its abundant water resources, favorable climate, and extensive arable land. However, much of this potential remains untapped, with only 5.9 million hectares cultivated in the 2020-2021 season out of the 35 million hectares of arable land, as per the World Bank’s estimates. The country's agricultural production is insufficient to meet the demand, leading to the need to import over half of its food requirements. The country has many agroecological zones that are suitable for the growth of a wide range of tropical and subtropical crops for both domestic and export consumption.

Angola’s main agricultural produce includes cassava, corn, beans, potatoes, sweet potatoes, soy, bananas, coffee, rice, and other vegetables and fruits. The hills and valleys, particularly in the southern provinces, are the most productive. The rainy season lasts from October to May and is considered the best time for vegetable cultivation. Tomatoes are grown throughout the dry season, which lasts from June to September. According to the Food and Agricultural Organization, tomato production in Angola was 560,618 metric tons in 2019, which increased to 587,785 metric tons in 2022. Angola's favorable climatic conditions for crop production drive the market's growth during the forecast period.

The Angolan government has implemented various initiatives to promote economic diversification by focusing on the agriculture industry and encouraging private sector growth, which could lead to significant change in rural agricultural areas. For instance, the government launched PRESILD (Program for Restructuring of the Logistics and Distribution System of Products Essential to the Population) in 2022, aiming to bolster domestic agricultural production and distribution by enhancing nationwide infrastructure.

Furthermore, the excessive use of chemical pesticides results in residue on agricultural produce, including cereals, pulses, fruits, and vegetables. Consuming this residue poses health risks, including potential long-term effects such as developmental issues, hormonal disruptions, and increased risk of certain diseases, which are expected to impede the market's growth during the forecast period.

Angola Agriculture Industry Segmentation

Agriculture encompasses cereals, oilseeds, pulses, commercial crops, fruits, and vegetables. The study analyzes the agricultural industry of Angola and predicts the growth of its various segments. The Angolan agriculture market is segmented into cereals and grains, pulses and oilseeds, fruits and vegetables, and commercial crops. The report includes a production analysis (volume), consumption analysis (value and volume), export analysis (value and volume), import analysis (value and volume), and price trend analysis. The report offers the market sizes and forecasts in terms of value (USD) and volume (metric tons) for the abovementioned segments.