Angola's import of woven carpets and floor coverings stood at 1.6958 million USD in 2023. The historical analysis shows significant fluctuations over the past decade, with substantial drops in 2015 and 2016, followed by a period of relative stabilization from 2017 onwards. Notably, the Compound Annual Growth Rate (CAGR) for the last five years is -1.66%, indicating a slight declining trend.
Year-on-year variation for the past two years reveals a marginal decline, with -0.36% in 2022 and -0.35% in 2023. Looking forward, the forecasted CAGR for the next five years is -0.29%, suggesting a continued but slight decrease in import values.
Future trends to watch for include potential economic fluctuations in Angola, shifts in global supply chains, and changes in consumer preferences and import policies that may impact the market for woven carpets and floor coverings.
