The import of copper bars, rods, and profiles to Angola has experienced significant fluctuations over the past decade. From a notable high in 2013, imports drastically reduced by almost 30% in 2014, surged over 300% in 2015. This trend witnessed a sharp decline up to 2016 and marginally varied over the next two years. A substantial growth was evident in 2018 before experiencing subsequent instability until 2020. Post-2021, the imports showed moderate growth with around 3% increment up to 2023, reaching 2.4736 million USD. The last five years’ CAGR showed a negative trend at -1.43%, although the forecast for the next five years indicates a positive average annual growth (CAGR) of 2.42%.
Key future trends to watch for include potential variations in global copper prices, evolving trade policies, and fluctuations in Angolan industrial demand. Watch this sector's response to international economic developments and potential domestic industrial growth enhancements.
