The marble market in Angola is experiencing a surge in growth, driven by the expansion of the construction sector. The increasing demand for luxury residences, commercial buildings, and infrastructure projects is fueling this growth. Forecasts indicate a potential market increase of 10-15% in 2024, making it an attractive field for investment.
Increasing Demand
The development of Angola’s construction sector is a major driver of the rising demand for marble. The construction of luxury homes, commercial buildings, and infrastructure projects is leading to a significant increase in marble consumption for both interior and exterior applications.
Investment Opportunities
Recognizing the growth potential, investors are increasingly turning their attention to the Angolan marble industry. New quarries are being opened, and existing facilities are undergoing modernization to enhance domestic production capacity. Investments in the sector are expected to reach $500 million in 2024, laying the groundwork for further growth.
Exports and International Reach
Alongside the increase in domestic demand, marble exports from Angola are also on the rise. The country exports marble to neighboring African countries as well as to established markets in Europe and Asia. By 2024, marble exports from Angola are projected to reach $200 million, solidifying Angola’s position as a significant player in the global marble market.
Note: These insights are based on forecasts and estimates and may be subject to change.
