The import value of works of art, collector pieces, and antiques to Angola has displayed significant fluctuations over the past decade. From a high of 2.4609 million USD in 2013, values have generally trended downward, with notable year-on-year variations. The years 2014 and 2015 saw substantial decreases of 19.63% and 33.02%, respectively. However, 2018 marked a 47.57% positive uptick following several years of decline. As of 2023, the import value stood at 1.0237 million USD, reflecting a slight annual decrease of 2.07% from the previous year.
The compounded annual growth rate (CAGR) highlights a mixed performance with a positive 5-year CAGR of 5.14% in 2021, however, it turned negative with a -4.07% in 2023. Looking forward, the forecasted values for 2024-2028 show a continuous decline with a weighted annual average decrease (5-year CAGR) of -1.85%, and an overall drop of -8.93% by 2028.
Future trends to watch for include possible economic and policy changes that might spur renewed interest and investment in art imports. Additionally, shifts in global art markets and emerging digital art channels could influence the demand and import dynamics for art and antiques in Angola.