In 2023, the import value of polishes and creams for footwear or leather into Angola stood at $1.1198 million, exhibiting a stable increase of 1.37% year-on-year from 2022. Over the last two years, the import values have shown a relatively modest year-on-year growth, with the CAGR standing at 1.48%. Looking back over the past five years (2018-2023), there has been limited growth, with fluctuations from a low of 0.89097 million in 2020 to the current level.
From 2024 onwards, the forecasted data indicates a gradual but steady increase in import values, peaking at $1.1957 million by 2028. The five-year CAGR forecast stands at 1.09%, reflecting an optimistic forecast for moderate growth in the sector.
Future trends to watch for:
● Economic stability in Angola which could influence consumer purchasing power.
● Global supply chain dynamics affecting the availability and cost of polishes and creams.
● Competitive dynamics with potential new entrants or existing market shifts.
