The import of Footwear, Gaiters, and Parts Thereof to Angola has shown significant fluctuations over the years, with actual values peaking in 2014 at $143.12 million. Since then, there has been a noticeable downward trend. As of 2023, imports stood at $83.383 million, reflecting a considerable drop compared to earlier years. The year-on-year percentage variation has generally seen larger declines than increases, notably in 2016 (-36.06%) and slight improvements in years like 2021 (4.08%). The five-year CAGR leading up to 2023 remained relatively flat at 0.11%. Forecast data indicate a continued slight decline through 2028, with a forecasted CAGR of -0.95%.
Future trends to watch for include:
- Economic and political stability in Angola, which could influence import capacities.
- Changes in trade policies, tariffs, and agreements affecting import prices and volumes.
- The impact of global supply chain dynamics and logistics on import efficiencies.
- Consumer demand and shifts in fashion trends within the Angolan market.