Forecast: Import of Lead-Acid Electric Accumulators (Vehicle) to Angola

The import of lead-acid electric accumulators (vehicle) to Angola showed considerable fluctuations from 2013 to 2023, reaching a peak in 2017 and experiencing significant drops thereafter. In 2023, the import value stood at $326.76 thousand, marking a 3.25% year-on-year decline from the previous year. This follows a similar trend of a slight 3.21% dip from 2021 to 2022. Over the past five years, the average compound annual growth rate (CAGR) indicated a diminishing import trend at -3.06%. Considering data from 2019 to 2023, the overall CAGR has been -11.17%, showcasing noticeable volatility and a downward trajectory.

Looking forward, the forecasted values suggest a continuous decline with an estimated value of $269.35 thousand by 2028. This equates to a forecasted five-year growth rate of -14.41%. Key future trends to watch for include shifts in global lead-acid battery demand, technological advancements in battery alternatives, and Angola’s economic and automotive market conditions which can significantly impact import patterns.