The forecast for the import of instantaneous gas water heaters to Angola shows a steady upward trend from 2024 to 2028, with values increasing from 84.31 thousand kilograms in 2024 to 89.76 thousand kilograms in 2028. Based on actual data from 2023, where the import value stood at 83.0 thousand kilograms, we observe a consistent year-on-year increase in imports:
- From 2023 to 2024: 1.6%
- From 2024 to 2025: 1.63%
- From 2025 to 2026: 1.6%
- From 2026 to 2027: 1.56%
- From 2027 to 2028: 1.49%
The Compound Annual Growth Rate (CAGR) for the forecast period (2024-2028) is 1.58%, indicating a modest but steady increase in import volumes over five years.
Future trends to watch for include potential changes in Angola's energy policies, economic stability, and consumer preferences which could impact the demand for gas water heaters. Additionally, advancements in technology and shifts toward renewable energy sources may also influence import patterns in the longer term.
