In 2023, the import value of tufted carpets and floor coverings to Angola stood at $1.6075 million. Over the last two years, the import value showed a slight downward trend, with year-on-year variations of -0.54% in both 2022 and 2023. The compound annual growth rate (CAGR) over the last five years was 0.51%, indicating a relatively stable market with minor fluctuations.
Between 2013 and 2023, the market experienced significant volatility. From 2013 to 2017, imports fluctuated dramatically, with notable peaks and troughs. After 2017, the market entered a more stable phase with moderate variations. The five-year forecast from 2024 to 2028 shows a gradual decline, with a forecasted CAGR of -0.45%, resulting in an overall growth rate of -2.24% over this period.
Future trends to watch for include potential economic reforms in Angola, changes in global trade policies, and shifts in consumer preferences towards alternative floor coverings. Increased focus on sustainability may also impact the market dynamics, with potential for greater demand for eco-friendly solutions.
