The import of hair preparations to Angola peaked in 2014 with a value of $26.33 million, followed by a significant downward trend in subsequent years. After a sharp decline in 2015, the figures maintained a mostly downward trajectory, stabilizing near $9 million between 2018 and 2023. In 2023, the import stood at $9.19 million.
Year-over-year variations have often fluctuated, with notable increases in 2014 (94%) and 2017 (51.1%). Yet, most years observed declines, like -59.34% in 2015 and -23.4% in 2016. The past two years saw a marginal yet consistent decline of -1.83%. The compound annual growth rate (CAGR) over the last five years is -0.43%.
Forecasts predict a gradual decline continuing to 2028, with a 5-year forecasted CAGR of -1.62%, translating to an approximate -7.84% total reduction over this period.
Future trends to watch for include potential market disruptions, shifts in consumer preferences, and economic conditions that could influence import volumes. Economic recovery or the introduction of new market players could also impact future import levels.
