The analysis of Angola's ores and metals exports shows a fluctuating trend from 2013 to 2023. The year 2023 registered a value of 4.14 in Unit of Goods Exports, reflecting a slight year-on-year increase of 0.15% from 2022. Over the past five years, the compound annual growth rate (CAGR) averaged 6.92%, highlighting a reasonably healthy growth rate despite some annual volatility.
Key recent variations include:
- 2021: -11.88% decline
- 2022: -12.76% decline
- 2023: 0.15% increase
The forecasted data from 2024 to 2028 suggests a stabilization with a CAGR of 0.06% and a forecasted 5-year growth rate of 0.28% per annum, indicating a plateauing trend.
Future trends to watch for:
- Global demand shifts for ores and metals
- Technological and infrastructural advancements in Angola
- Local policy changes impacting the mining sector
- Fluctuations in international commodity prices
