Import of synthetic rubber to Angola has seen significant fluctuations over the past decade. After a peak in 2014 with a substantial increase of 229.74%, the value has largely declined with occasional rebounds, such as in 2017. However, since 2018, the overall trend has been a notable decline, with the import value standing at $330.63 thousand in 2023, reflecting a 12.7% decrease from the previous year. The last two years showed an average year-on-year drop of approximately 9.75%. The compound annual growth rate (CAGR) over the past five years is -15.11%, highlighting a continuous downward trend.
Future trends to watch for include potential impacts from global economic conditions, shifts in local demand and production capacities, and changes in trade policies. Additionally, monitoring technological advancements and alternative materials could provide insights into future import needs for synthetic rubber in Angola.
