The import of equipment for gymnastics, sports, and outdoor games to Angola has shown significant volatility over the past decade. In 2023, the value stood at 5.48 million USD. There was a steady decline in imports, with the highest value recorded in 2014 at 14.60 million USD, demonstrating an overall decreasing trend. The years from 2013 to 2023 reflected substantial year-on-year variations, marked by occasional minor increases but predominantly continuously declining figures. Notably, the five-year CAGR leading up to 2023 was approximately -3.59%, indicating an average annual decrease.
Forecasts from 2024 to 2028 suggest a continued decline in imports, with a projected five-year CAGR of -3.92% and an overall decrease of 18.13% by 2028. This projected reduction emphasizes the imperative to monitor economic stability, currency fluctuations, and government policies affecting imports.
Future trends to watch for include:
- Changes in Angola’s economic growth and purchasing power which may impact import capacity.
- Possible shifts towards promoting domestic manufacturing of sports equipment.
- Influence of international trade policies and tariffs on import levels.
- Potential increases in demand driven by growing sports culture and fitness awareness in the region.
