The import of agricultural, horticultural, or forestry machinery to Angola has seen significant fluctuations over the years. Between 2013 and 2023, values have shown an overall declining trend with periods of sharp declines and modest recoveries. For instance, in 2013, the import value stood at a peak, but by 2016, it had dropped significantly. A notable year-on-year increase occurred in 2017, but since then, the trend has largely been on a downward trajectory.
In recent years, from 2021 to 2023, the values have largely stabilized, although minor declines were observed year-on-year. The value for 2023 stood at 13.204 million U.S. Dollars. The compound annual growth rate (CAGR) over the last five years ending 2023 has been marginally positive at 0.45%. However, projections from 2024 onwards suggest a gradual decrease, with a five-year forecasted CAGR of -0.54% and an overall forecasted five-year growth rate of -2.69% by 2028.
**Future trends to watch for:**
- Exchange rate fluctuations and their impact on machinery import costs.
- Government policies and investments in local agricultural sectors.
- Technological advancements and eco-friendly machinery trends.
- Global economic conditions influencing Angola's trade balance and import capacity.
