Based on the forecasted data, the import of handmade rugs including Kelem, Schumacks, and Karamanie to Angola is anticipated to demonstrate a steady upward trend from 2024 to 2028. The import values are expected to increase progressively from $237.56 thousand in 2024 to $264.71 thousand in 2028.
The year-on-year percentage variations are as follows:
- 2024-2025: 2.95%
- 2025-2026: 2.80%
- 2026-2027: 2.67%
- 2027-2028: 2.55%
The Compound Annual Growth Rate (CAGR) over the 2024-2028 period is estimated at approximately 2.74%, indicating a consistent annual growth over the five-year horizon.
Future trends to watch for include potential impacts of economic factors such as currency fluctuations, trade agreements, and shifts in consumer preferences towards sustainable and ethically-produced goods. Additionally, continued economic growth in Angola and increased disposable incomes could further bolster demand for luxury and handmade items.
