Angola’s import of Propylene Glycol (Propane-1,2-Diol) in 2023 stood at 1004.6 thousand US dollars. The year-on-year variation over the last two years showed a growth of 2.12% in 2022 and 2.03% in 2023. Observing the Compound Annual Growth Rate (CAGR) from 2019 to 2023, the average annual variation was 2.74%. Over a longer period, the data indicate fluctuations with notable peaks and declines. For instance, substantial growth occurred between 2014 and 2017 but faced periodic downturns, such as in 2016 and 2020. Moving forward, the forecast shows a predicted growth rate of 1.56% CAGR from 2024 to 2028, suggesting a moderate but consistent increase.
Future trends to watch for include potential market shifts due to global supply chain disruptions, changes in regulatory policies, and advancements in alternative chemical substances. Sustained growth in industrial applications of Propylene Glycol in Angola and increased demand within key sectors like pharmaceuticals and cosmetics could also drive import levels higher.
