The import of Copper Chain and Parts to Angola has shown significant volatility over the past decade. From a high of 67.47 thousand USD in 2013, the values plummeted to 8.96 thousand USD by 2016. This downward trend experienced a sharp turnaround in 2018, with imports bouncing back to 39.47 thousand USD. The following years exhibited minor variations, with the value standing at 34.99 thousand USD in 2023. Over the last two years, imports grew at an average annual rate of -2.38%.
Future trends to watch for:
- A modest forecasted CAGR of 2.17% for the next five years suggests incremental growth.
- Potential economic policies and infrastructure development in Angola may influence import demand.
- Global copper prices and supply chain stability will also play crucial roles.