Forecast: Import of Parts and Accessories for Motor Vehicles to Angola

The import of parts and accessories for motor vehicles to Angola has experienced a consistent decline since 2013, peaking initially at $195.47 million and dipping to $39.23 million by 2023. The trend reflects an overall negative growth trajectory, with sporadic minor increases. The past two years alone saw a significant drop from $46.233 million in 2021 to $39.23 million in 2023, reflecting a year-on-year decrease of approximately 10.64%.

Looking ahead, forecasts indicate a continued downturn, with imports expected to plummet further to $14.69 million by 2028. This points to an anticipated CAGR of -15.42% over the next five years, suggesting a substantial reduction of around 56.71% from 2023 to 2028.

Future trends to watch for:

• Economic factors influencing import capabilities
• Changes in Angola’s automotive industry and local demand
• Policy changes impacting trade and import regulations