The import of Electrical and Electronic Equipment to Angola saw significant fluctuations from 2013 to 2023, with a high of nearly 2 billion USD in 2014 and a steady decline to around 0.811 billion USD in 2023. The year-on-year variations showed sharp decreases in years like 2016 (-42.64%) and increases in 2014 (6.3%) and 2021 (15.39%). Over the last five years, the compound annual growth rate (CAGR) was -4.15%.
Looking ahead, the forecasted data from 2024 to 2028 indicates a continued downturn, with a forecasted CAGR of -4.4% and an estimated total decline of 20.15% by 2028, showing a persistent downward trend in the import of Electrical and Electronic Equipment.
Future trends to watch for:
- Economic policies and their impact on import capabilities
- Emerging technology trends locally influencing import needs
- Potential trade agreements or partnerships
- Fluctuations in global market prices for electrical and electronic goods
