The import value of safety glass to Angola has seen significant fluctuations over the past decade. Starting at a high in 2013, it declined sharply until 2016, followed by a recovery phase from 2017 to 2019. From 2020 to 2023, trends show a mild decline with the value standing at $5.71 million in 2023. Over the last two years, year-on-year variations indicate a near stabilization with minor drops of 1.5% and 1.49%. The five-year CAGR from 2023 suggests a slight average annual decline of around 1.3%.
The forecast for the next five years suggests a continued steady decline, projecting a value of $5.26 million by 2028. This is indicative of a negative annual growth rate of approximately 6.34% during this period.
Future trends to watch for include potential economic policies from the Angolan government that may influence import regulations, shifts in global safety glass market prices, and investment in local manufacturing capabilities which could affect import dynamics.
