The import of motorboats, other than outboard motorboats, to Angola has experienced significant fluctuations over the years. The highest import value was recorded in 2013, followed by a sharp drop in 2014. The period between 2015 to 2017 witnessed a continued decline, reaching its lowest value in 2017. However, a notable increase was observed in 2018, followed by a steady decline up until 2023. As of 2023, the import value stood at $0.74117 million USD. The year-on-year percentage variation reflects these fluctuations, with some years experiencing significant increases and others sharp declines. Focusing on the last two years, 2022 saw a decrease of 10.45%, followed by another decline of 11.44% in 2023. Over the last five years, the Compound Annual Growth Rate (CAGR) averaged at -15.46%.
Future Trends to Watch For:
- Continued decline in motorboat imports, with forecasted values indicating a reduction to $0.24096 million USD by 2028.
- Potential factors contributing to this decline may include economic challenges, changes in import regulations, or shifts in consumer demand.
- Monitoring these variables could provide a better understanding of the underlying causes and potential mitigation strategies.
