Angola Agriculture Market is projected to grow at a CAGR of 5.6% during the forecast period (2021-2026).
Agriculture in Angola does not suffer any severe crisis due to the COVID-19 pandemic. The country recorded a very less number of positive cases as a whole. By maintaining the worldwide COVID-19 protocols mentioned by the government and following the social distancing and safety norms the farming community of Angola was able to overcome the crisis. Minimal disruption was faced in terms of a farm labor shortage during the harvesting and input supply crisis. The repeated lockdowns and shutdowns of processing units affected the supply chain and limited trade movements initially.
Banana, citrus, coffee, and pineapple are a few of the major producing fruits in Angola. Coffee is one of the major crops grown in the country before the onset of the civil war. The Angola Ministry of Agriculture has made strategic policies to make Angolan coffee competitive again in the region.
The favorable climatic conditions for crop production and favorable government policies encouraging the participation of private players for developing the agriculture sector, such as the National Medium-term Development Plan for the Agricultural Sector (PDMPSA) are some of the factors driving the market growth.
Key Market Trends
Favorable Government Policies Encouraging Agriculture Productivity
The conducive government policies are promoting agriculture in Angola. A featured element of the Angolan Government’s National Development Plan for 2018-2022 is agricultural development to diversify the economy and to build domestic food production capacity that will decrease the country’s dependence on imported food. To support this development, the Angolan government issued the Presidential Decree PAPE (Action Plan for Employability Promotion). The National Development Program and the 2019 national budget provided for specific agricultural programs included; Agricultural Production Development Program (USD 192 million), PRODESI -Production, Export Promotion and Import Substitution Program (USD 89 million). Angola Ministry of agriculture and Rural Development is collaborating with the private sector to achieve objectives, like distribution of seeds and tools, reconstruction of rural infrastructure and others. These policies have a direct or indirect impact on increasing the private sector's involvement in agriculture which in turn enhances the overall agriculture sector in the country.
High Regional Trade of Coffee is driving the market
Agriculture in the country comprises of several segments, which include fruits, vegetables, cereals, and pulses. One of the major crops of Angolan agriculture is coffee. Angola used to be one of the world’s biggest coffee producers before the onset of civil war. The Angola Ministry of Agriculture has made strategic policies to make Angolan coffee competitive again. The Angolan National Coffee Institute (INCA) was established, as a responsible government body for coffee sector development, aiming to attract private investors for public-private partnership (PPP) and the establishment of ‘coffee fund’ for smallholder farmers. These initiatives help in enhancing the production of coffee thereby increasing the market for coffee in the region.
Reasons to Purchase this report:
- The market estimate (ME) sheet in Excel format
- 3 months of analyst support