The import of parts of printing machinery and ancillary equipment to Angola exhibits notable fluctuations over the period from 2013 to 2023. From 2013 to 2016, a decreasing trend is observed, with significant year-on-year decreases, particularly in 2016. However, a recovery starts in 2017 and continues through 2018, showing a robust 97.39% rise in 2018. Although experienced some volatility from 2019 to 2020, the trend appears more stable and positive. The import value in 2023 stands at 17.495 million USD, showing a mild increase compared to the previous years.
Analyzing the last two years, the imports rose by 4.1% in 2022 and by 3.86% in 2023, indicating a consistent upward movement. The recent 5-year CAGR stands at 1.13%, reflecting a moderate but stable growth. Furthermore, the forecasted data for 2024 to 2028 suggest a continuous upward trajectory with a forecasted 2.79% CAGR over the next five years, projecting to hit 20.893 million USD by 2028, marking a 14.74% growth.
Future trends to watch for include:
- Technological advancements in printing machinery, potentially affecting demand for parts.
- Economic stability and policy changes within Angola influencing import capacities.
- Global supply chain dynamics and their impacts on the import of machinery parts.
