Based on historical data, the imports of iron or steel tableware and kitchenware to Angola have shown significant fluctuations. After a substantial increase in 2014, there was a sharp decline starting in 2015, which continued, with minor fluctuations, until 2023. In 2023, imports stood at 6.3204 million US dollars, with a year-on-year decline of 8.09% and a five-year CAGR of -8.05%. This decline is expected to continue, with forecasted values reaching 3.4124 million US dollars by 2028. The forecasted five-year CAGR from 2024 to 2028 is -9.78%, representing a projected overall decrease of 40.23% during this period.
Trends to watch for in the future include:
- Further declines in imports driven by economic factors and potential shifts in local production capacity.
- Policy changes and trade agreements that could impact import volumes and values.
- Market demand shifts due to changing consumer preferences and economic conditions.