The import of ceramic bathroom, kitchen, and other sanitary fixtures to Angola has exhibited a significant decline over the past decade. Since peaking in 2014 with a value of 21.79 million USD, imports have consistently decreased, culminating in a value of 4.2506 million USD in 2023. The most recent data show year-on-year variations of -12.47% in 2022 and -13.96% in 2023. The five-year compound annual growth rate (CAGR) from 2018-2023 stands at -11.7%.
Looking ahead, the forecasted data for 2024-2028 project a sharp downward trend, with a forecasted 5-year CAGR of -28.62% and an overall forecasted decline of 81.47% by 2028. This indicates a continuing decrease in import volumes.
Future trends to watch for include:
- The impact of domestic production versus import reliance in Angola’s ceramic fixtures market.
- Economic policies or trade agreements that may influence import volumes.
- Changes in consumer demand and construction growth in Angola.
- Fluctuations in global ceramic supply chain dynamics and pricing strategies.