The import of inorganic chemicals, precious metal compounds, and isotopes to Angola has shown considerable fluctuations over the past decade. From 2013 to 2023, import values varied significantly, touching peaks and troughs due to multiple reasons, including economic conditions and global market trends. Specifically, import value in 2023 stood at 83.97 million USD, marking a slight 1.15% increase from 2022. The Compound Annual Growth Rate (CAGR) over the last five years leading to 2023 was 1.02%, indicating a stable yet modest growth. Notably, substantial year-on-year variations regularly occurred, such as the 28.06% increase in 2021 and the 15.95% decrease in 2020.
Future trends suggest a steady positive trajectory with the forecast period (2024-2028) reflecting a 0.9% CAGR and a cumulative growth rate of 4.57% by 2028. This predictability can be attributed to anticipated economic stability and increased demand for these chemical imports. Furthermore, potential factors to monitor include global commodity prices, regional economic policies, and technological advancements in related sectors.
