The export of diamonds from Angola showed significant fluctuations from 2013 to 2023. Actual values peaked in 2014, followed by several declines and moderate recoveries. Specifically, the value stood at $0.9935 billion in 2023. Starting from an increase of 4.13% in 2013, the year-on-year variations fluctuated significantly, reflecting a volatile market. Over the last five years (2019-2023), the average annual change (CAGR) was -0.34%. Future projections indicate a consistent, albeit modest, decline in diamond export values, with a 5-year CAGR forecasted at -0.68% between 2024 and 2028.
Future trends to watch for:
- Global economic conditions impacting diamond demand.
- Angola's investments in improving diamond mining efficiency.
- Shifts in consumer preferences toward synthetic diamonds.
