As of 2023, Angola's import of ornamental glass beads, pearls, stones, and worked items stood at 5.17 thousand kilograms. Over the subsequent forecasted years, the import shows a declining trend: 4.67 in 2024, 4.17 in 2025, 3.68 in 2026, 3.2 in 2027, and 2.72 in 2028. The year-on-year percentage decline from 2023 to 2024 is approximately 9.66%, 2024 to 2025 is 10.71%, 2025 to 2026 is 11.75%, 2026 to 2027 is 13.04%, and 2027 to 2028 is 15%. The Compound Annual Growth Rate (CAGR) over the five years from 2023 to 2028 is -11.19%.
Future trends to watch for:
- Market fluctuations and economic factors affecting Angola's purchasing power for non-essential goods.
- Potential growth in local production of ornamental items, reducing the dependency on imports.
- Shifts in global supply chains which could alter import volumes and patterns.
- Changes in consumer preferences towards different types of ornaments or adornments.