The import of clocks, watches, and their parts to Angola has shown significant fluctuations from 2013 to 2023. The initial years up to 2015 saw relatively stable values before a substantial drop in 2016. A partial recovery occurred in 2017 but was followed by a consistent decline. By 2023, the import value stood at $2.8083 million, marking a notable reduction from the previous years. The year-on-year percentage variation for the previous two years shows a decline of 7.5% in 2022 and 7.95% in 2023. The compound annual growth rate (CAGR) over the past five years is -5.54%, indicating a persistent downturn.
Looking forward, the forecast suggests that this downward trend will continue, with the forecasted CAGR for the next five years at -9.52%. This will result in a nearly 39.34% decrease in import value by 2028. Factors to watch for in future trends may include economic conditions in Angola, global trade policies affecting import costs, and shifts in consumer preferences towards clocks and watches.
