The import of sparkling grape wines to Angola has experienced significant fluctuations over the past decade. The peak import value was in 2014, with a notable high year-on-year increase followed by inconsistent declines and minor recoveries. The period from 2016 to 2023 shows a clear downward trend, with the import values decreasing substantially. The year 2023 stood at 8.1144 million USD, marking a steady decline from previous years. The last two years saw decreasing trends with -5.02% in 2022 and -5.18% in 2023. The five-year CAGR (2023-2028) indicates an average annual decline of -5.33%, projecting a continual decrease to 5.7999 million USD by 2028.
Future trends to watch for:
- Potential market recovery strategies in the wake of economic stabilization in Angola
- Changes in consumer preferences towards domestic or alternative beverages
- Influence of trade policies and tariffs on the import of luxury goods such as sparkling wines.
