In 2024, the forecasted import value of copper plates, sheets, and strips to Angola is 361.77 thousand US dollars. This forecasted value shows a decline when compared to previous annual values, reflecting a broader downtrend. Year-on-year, the import values are expected to decrease by 9.5% in 2025, decrease further by 10.3% in 2026, and continue to drop by 11.3% in 2027, culminating in a 12.5% decline by 2028. This consistent decline results in a compound annual growth rate (CAGR) of approximately -10% over the forecasted period from 2024 to 2028.
Future trends to watch for include:
- Shifts in global copper prices, impacting the cost-efficiency of imports.
- Developments in Angola's domestic copper production capabilities.
- Macroeconomic policies and trade agreements that may affect import tariffs and regulations.
- Technological advancements in alternatives to copper, potentially reducing demand.
- Changes in local industrial demand and infrastructure projects requiring copper materials.