The import of ferro-alloys to Angola has shown significant variability over the years, with notable fluctuations including a major increase between 2016 and 2017 of 70.12%, and a decline in 2020 by 13.14%. By 2023, the import value stood at approximately 8.43 million USD. The most recent year-on-year variation recorded an increase of 3.85% in 2023. Over the past five years, the CAGR was 3.95%, indicating a moderate growth trend. Forecasts suggest continued steady growth with a 5-year CAGR projected at 2.78%, predicting the import value to reach around 10.063 million USD by 2028.
Future trends to watch for include:
- Increasing global demand for steel and related alloys impacting imports.
- Potential restructuring of trade policies affecting import tariffs and regulations.
- Technological advancements in alloy production impacting import needs.