The import of taps, cocks, and valves for pipes, tanks, and boilers to Angola has shown significant fluctuations over the past decade. The year 2023 recorded $173.57 million, marking notable declines from the peaks of previous years. Specifically, from 2013 to 2023, the highest recorded import was $462.29 million in 2013, while 2023 experienced a YoY decrease of 5.11% from 2022.
From 2019 to 2020, a substantial drop of 20.88% was observed, and although there was a slight recovery in 2021, the trend continued downward with YoY reductions in 2022 and 2023. The 5-year CAGR leading to 2023 was -2.15%, reflecting a consistent decline in the import values. Forecasts predict a continual downtrend, with imports projected to decrease to $124.77 million by 2028, at a forecasted 5-year CAGR of -5.24%.
Future trends to watch for include fluctuations in Angola's economic conditions, changes in infrastructure investments, and potential shifts in global trade policies which could influence the import levels of these critical construction components.
