Forecast: Import of Parts of Electrical Transformers and Inductors to Angola

In 2023, the import value of parts of electrical transformers and inductors to Angola was recorded at $2.702 million. In 2024, this value is forecasted to drop to $2.5836 million, indicating a year-on-year decrease of 4.4%. This downward trend continues through 2025 with a further decline to $2.4749 million, representing a 4.2% drop. The import value decreases progressively each subsequent year, with 2026 forecasted at $2.3684 million (a 4.3% decrease), 2027 at $2.264 million (a 4.4% decrease), and 2028 at $2.1617 million (a 4.5% decrease). Over the five-year period from 2024 to 2028, the compound annual growth rate (CAGR) is projected to be -4.4%.

Future trends to watch for include the impact of economic diversification efforts in Angola, shifts in global supply chains, and potential advancements in technology that could influence the demand and import needs for electrical transformer and inductor parts.