Forecast: Import of Glass and Glassware to Angola

Based on the provided data, Angola's imports of glass and glassware are projected to follow a declining trend from 2024 to 2028. In 2023, actual import values were at a higher baseline, compared to which, the forecasted values for 2024 start at 35.81 million USD and then steadily decrease each subsequent year. The year-on-year variations show a decreasing trend: 2025 sees a 8% drop from 2024, 2026 sees a 8.6% drop from 2025, 2027 sees a 9.2% drop from 2026, and 2028 sees a 9.9% drop from 2027. The Compound Annual Growth Rate (CAGR) over these five years is approximately -7.4%, indicating that the import of glass and glassware is expected to contract every year.

Future trends to watch for:

  • Potential shifts in domestic glassware production which could further reduce imports.
  • Economic policies impacting trade and import tariffs.
  • Fluctuations in global glass and glassware prices which may affect import volumes.
  • Technological advancements and innovations within the glassware industry influencing demand.

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