The import of parts of railway, tramway locomotives, and rolling-stock to Angola exhibited significant fluctuations from 2013 to 2023. Starting relatively low in 2013, there was a substantial spike in 2014 and 2015, followed by a peak in 2016 before declining dramatically in 2017. The trend remained volatile, with moderate rises and sharp falls observed until 2023, where the import value stood at 481.42 thousand USD. The year-on-year variation for 2022 was -9.94%, and 2023 saw a further decline of -10.82%. The Compound Annual Growth Rate (CAGR) for the past five years showed a slight downward trend of -2.1% (-2.83% in 2022).
Forecasted data from 2024 suggest a steady decline, with an anticipated -15.82% forecasted CAGR by 2028. The projected import value in 2028 is 176.42 thousand USD, indicating a significant reduction of -57.72% over the five-year period.
Future trends to watch for:
- Continued decline in imports due to possible shifts in local policy or economic conditions.
- Potential market opportunities that may arise from infrastructure investments or changes in transportation policies.
- Consideration of technological advancements that may impact the demand and nature of imports.
- Effect of global supply chain dynamics and international trade agreements on import volumes.
