The analysis of Angola’s ores and metals imports shows a fluctuating trend. From 2013 to 2023, imports have seen significant variations with notable declines in 2014 and 2015 and a peak in 2017. Recent years, from 2021 to 2023, show a slight decline followed by stabilization in 2023. The year-on-year reduction from 2022 to 2023 stands at 0.52%, indicating minor volatility. The five-year CAGR leading up to 2023 is -2.95%, reflecting an overall gradual decline in imports.
Future trends to watch for:
- Stable imports projected from 2024 to 2028, with a forecasted 5-year CAGR of around 0.01%.
- Potential global market fluctuations and local economic policies impacting import levels.
- Technological advancements or mining developments potentially influencing domestic production and import needs.