The import value of metal mountings and fittings for furniture to Angola stood at 2.1306 million USD in 2023. Over the past decade, the import values experienced notable fluctuations, with significant declines between 2014 and 2016, but rebounded with moderate recovery from 2017 onward. In recent years, the market has displayed stability, with year-on-year variations smoothing out to minor percentages.
- In the last two years (2022-2023), the imports have marginally increased, both showing year-on-year variations of less than 1%.
- The Compound Annual Growth Rate (CAGR) from 2019 to 2023 was slightly negative at -0.14%, illustrating a generally stable but non-expansive market.
The projected data from 2024 to 2028 indicates a modest growth trajectory, with an average forecasted CAGR of 0.46%, resulting in a steady increase in import values.
Future trends to watch for include:
- Fluctuations in global metal prices which could impact costs and import volumes.
- Changes in Angola's economic conditions or policies influencing import capabilities and demand.
- Technological advancements in furniture production potentially affecting the types and volume of metal fittings required.
