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.