The import of worked monumental or building stone to Angola has shown a consistent downward trend since 2013. The highest value was recorded in 2013, and a rapid decline followed, reflecting a stark reduction in imports over the years. By 2023, the import value stood at $5.4754 million, dropping from $40.287 million in 2013. In the short-term view, from 2022 to 2023, the year-on-year variation was -12.3%, showcasing a significant decline. The compound annual growth rate (CAGR) over the last five years leading up to 2023 was -10.78%, further indicating a persistent decrease.
Looking at forecasted values, the downward trend is expected to continue through 2028, with a forecasted value of $1.4416 million, projecting an average annual decline of about 20.73% over the next five years. The total decline rate expected from 2023 to 2028 stands at -68.71%.
Future trends to watch include the potential impact of economic policies that could either exacerbate or mitigate the decline. Additionally, shifts in the global stone market, infrastructure development projects in Angola, and economic diversification efforts could influence future import levels.
