Forecast: Import of Bumpers and Parts Thereof for Motor Vehicles to Angola

The import value of bumpers and parts thereof for motor vehicles to Angola is forecasted to decrease steadily from 2024 to 2028. In 2024, the import value is projected to be $2.162 million, gradually declining to $1.9041 million by 2028. When examining the year-on-year variations, the percentage decrease ranges approximately between 3% to 4% annually. This suggests a consistent downward trend.

In 2023, the actual import value stood at $2.230 million, indicating a uniform trend since then with a forecasted average annual decrease (CAGR) of about 4% over the next five years, from 2024 to 2028, reinforcing the gradual decline in imports.

Future trends to watch for:

• Economic fluctuations in Angola that might impact import capabilities.
• Changes in trade policies and tariffs that could either hinder or boost imports.
• Shifts in the automotive industry, such as increased local manufacturing or changes in demand for replacement parts.
• Possible advancements in vehicle technology that may alter the demand for traditional bumpers.