Analysis of Historical Data: The import of tableware and kitchenware of porcelain or china to Angola saw significant fluctuations between 2013 and 2023. The data reveals a substantial drop from 66.747 million kilograms in 2013 to 7.8723 million kilograms in 2023. Particularly notable declines occurred in 2014 (-65.13%) and 2016 (-75.57%), with minimal recovery in subsequent years. For the past 5 years, the data showed a negative compounded annual growth rate (CAGR) of -6.33%.
Recent Years' Performance: Over the past two years, the import volume decreased slightly with a year-on-year variation of -4.66% in 2022 and -4.78% in 2023. This continued decline is consistent with the general downward trend observed since the peak in 2013.
Future Trends: Forecasts predict a further decrease in imports, with values expected to drop to 5.8057 million kilograms by 2028. The forecasted CAGR for the next five years is -4.83%, indicating a sustained decline.
Trends to Watch: Future trends to observe include the potential impact of economic recovery, shifts in consumer preferences towards alternative materials, and changes in trade policies that could affect imports. Monitoring these trends will be critical in anticipating market adjustments.
