The share of transport services in Angola's commercial service imports showed significant year-on-year fluctuations from 2013 to 2023. It grew notably from 22.14% in 2013 to a peak of 39.02% in 2019, driven by a substantial 41.03% increase in 2018. Despite a minor decline of 3.67% in 2020, the share stabilized around 37.59% in 2020 and 37.79% in 2021. However, a subsequent 12.93% drop in 2022 brought it down to 32.91%. In 2023, a slight rebound of 3.74% positioned the share at 34.14%.
Future trends to watch for:
• Forecasts indicate a marginal decline in the share, with the five-year CAGR (2024-2028) at approximately -0.04% and an overall decrease of 0.22%.• Stakeholders should monitor global economic conditions and logistics advancements, which could impact transport service import dynamics.• Potential infrastructural developments in Angola could influence the demand for transport services, thus affecting future share values.
