Forecast: Import of Articles of Asphalt or of Similar Material to Angola

In 2023, the import value of articles of asphalt or similar materials to Angola stood at 1.5 million USD. The forecasts for the subsequent years indicate a declining trend from 2024 through 2028. Specifically, the import value is expected to decrease by 4.0% in 2024, 4.0% in 2025, 4.1% in 2026, 4.2% in 2027, and 4.3% in 2028. This results in an average annual decrease of approximately 4.1% over the five-year period, indicating a compounded annual growth rate (CAGR) of -4.1%.

Key trends to watch for:

  • Economic factors: Angola’s economic health, including GDP growth and inflation rates, may impact import levels.
  • Infrastructural developments: Investments in infrastructure may either slow down or boost the demand for asphalt materials.
  • Trade policies: Changes in trade agreements and import tariffs could influence import trends.

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