The import value of knotted carpets and floor coverings to Angola stood at USD 0.99625 million in 2023. Over the past two years, from 2021 to 2023, the imports declined marginally, showing a year-on-year decrease of 1.67% in 2022 and 1.66% in 2023. Analyzing the last five years, the compound annual growth rate (CAGR) was -2.93%, indicating an overall declining trend. Forecasts until 2028 predict a continued slight decrease, with a 5-year CAGR of -1.46%, projecting a total reduction of 7.1% in import value over this period.
Key future trends to monitor include potential economic recovery in Angola which could influence import policies, and shifts in consumer preferences towards domestic or alternative floor covering products. Global market developments and trade agreements may also play significant roles in shaping ongoing import patterns.
