The import of Optical, Photo, Technical and Medical Apparatus to Angola experienced significant fluctuations from 2013 to 2023. Peak import values occurred in 2014 but steadily declined thereafter. By 2023, the value stood at 197.14 million USD, reflecting a consistent downward trend.
Year-on-year variation highlights:
- 2021: -4.19%
- 2022: -4.29%
- 2023: -4.39%
The CAGR over the last five years recorded at -4.01%, indicating a sustained decline. Forecast for the next five years predicts a continued decrease, with a forecast CAGR of -4.35% and an overall reduction of 19.94% by 2028.
Future trends to watch:
- Potential economic recovery and investment in healthcare could alter the current declining trend.
- Technological advancements and increased demand for medical equipment may influence future import volumes positively.
- Currency fluctuations and changes in trade policies may impact the import values substantially.