Forecast: Import of Parts for Electric Motors and Generators to Angola

The import of parts for electric motors and generators to Angola has witnessed considerable fluctuations over the past decade. Starting from 2013 to a peak in 2015 and 2016, it experienced a sharp decline and subsequent volatility. The value stood at 18.639 million USD in 2023, marking the latest actual data point before forecasted trends. Year-on-year variation over the last two years showed minor declines of 4.05% and 4.14% respectively. The last five years reflected a Compounded Annual Growth Rate (CAGR) of 5.54%, indicating moderate growth amidst the fluctuations.

Key Future Trends to Watch For:

• Continued decline in imports, as forecasted by the 5-year CAGR of -4.06% implying a negative growth trajectory.
• Potential impact of global economic conditions and Angola's internal economic policies on the import stability.
• Technological advancements and local production capabilities that could reduce dependency on imports.