The import of glass mirrors to Angola in 2023 stood at 2.937 million US dollars. The forecasted data indicates a steady decline in imports over the next five years. Starting in 2024, the value is projected to decrease to 2.7578 million US dollars, followed by further declines to 2.5825 million in 2025, 2.4106 million in 2026, 2.2422 million in 2027, and finally to 2.0771 million US dollars by 2028.
The year-on-year percentage variation from 2023 to 2024 is approximately -6.11%. Subsequent year-over-year declines are -6.35% in 2025, -6.66% in 2026, -6.98% in 2027, and -7.35% in 2028, suggesting a consistent downward trend. The compounded annual growth rate (CAGR) over this five-year period is around -6.70%, indicating an average annual decrease in import values.
Future trends to watch for:
- Potential impact of domestic production capacities increasing, reducing reliance on imports.
- Fluctuations in international trade dynamics and tariffs could alter the downward trend.
- Changes in consumer preferences or technological advances in materials could affect demand.
- Economic policies and growth in Angola may either reverse or accelerate the decline in imports.
