Analyzing the import trend of woven fabric of glass fibres to Angola from 2013 to 2023, the data shows significant fluctuations. The import value peaked at 573.78 thousand USD in 2013 and experienced steep declines in subsequent years, notably a -38.57% drop in 2014. A significant surge in 2017 with an 84.19% increase indicates temporary recovery. In recent years, from 2021 to 2023, the trend has stabilized with moderate growth, demonstrating a 0.84% increase in 2023, bringing the value to 338.25 thousand USD.
Looking forward, from 2024 to 2028, the CAGR forecast is 0.67%, indicating stable but slow growth. By 2028, the import value is projected to reach 353.02 thousand USD. The average annual growth rate forecast is a modest 3.42% over the next five years.
Future trends to watch for:
- Fluctuations in global supply chains impacting import volumes and costs.
- Economic and construction sector growth in Angola influencing demand.
- Trade policies and tariffs affecting the cost and importation of glass fibre materials.
