The import of copper and articles thereof to Angola has experienced significant fluctuations over the past decade. Starting from a value of $29.453 million in 2013, it saw an increase until 2014, followed by a sharp decline to $11.144 million by 2016. However, there was a substantial resurgence in 2018 to $39.505 million. From 2019 to 2023, values remained relatively stable with slight year-on-year variations. In 2023, imports stood at a value of $35.912 million.
Notable year-on-year variations:
- 2022: 2.7% increase
- 2023: 2.58% increase
The Compound Annual Growth Rate (CAGR) over the past five years was -1.89%. For the forecasted period from 2024 to 2028, the CAGR is expected to be 1.94%, indicating a growth rate of 10.1% over this period.
Future trends to watch for include global copper price fluctuations and Angola’s economic policies, which could significantly impact import volumes. Additionally, infrastructure development and industrial demand within Angola will play crucial roles in shaping import trends for copper and related articles.
