The forecasted import value of ammonia to Angola is set to increase steadily from 2024 through 2028. The value is projected to rise from $449.93K in 2024 to $520.75K by 2028, indicating a consistent upward trend in imports.
To provide a comprehensive analysis:
- In 2023, the actual import value was $432.00K.
- Year-on-year variation from 2023 to 2024 is approximately 4.2%.
- Year-on-year variation from 2025 to 2026 is projected to be around 3.8%.
- Cumulatively, the average Compound Annual Growth Rate (CAGR) over this five-year period (2024-2028) is estimated at around 3.8%.
Future trends to watch for include potential changes in global ammonia prices, shifts in Angola’s agricultural sector, and the nation’s overall economic performance, which could influence import needs and impact these projections.
