Import of vinyl polymers to Angola has demonstrated significant volatility over the last decade. The highest value was recorded in 2015, with a sharp increase of 105.11% year-on-year, but subsequent years saw substantial declines. Notably, from 2016 onwards, there has been a downwards trajectory, registering a negative compound annual growth rate (CAGR) of -4.56% by 2023. In that year, the value stood at 2.9427 million US dollars, reflecting a year-on-year variation of -6.92%.
Presaging future projections, expected trends indicate continued decline with a forecasted 5-year CAGR of -7.82%, implying a cumulative reduction of 33.46% in import value by 2028.
Future trends to watch:
- Impact of economic policies aimed at local production enhancement.
- Shifts in global polymer supply chains affecting import costs.
- Potential recovery in import volumes driven by industrial demands.
