The forecasted import values for parts of internal combustion spark ignition engines to Angola show a steady growth from 2024 to 2028, starting at $36.619 million in 2024 and reaching $37.721 million in 2028. Before 2024, actual data indicates that imports in 2023 stood at $36 million. The year-on-year percentage increase from 2024 to 2025 is approximately 0.78%, followed by a 0.75% increase from 2025 to 2026. The growth continues with a 0.73% rise from 2026 to 2027 and a 0.71% increase from 2027 to 2028. Over the last two years, the compounded annual growth rate (CAGR) is 0.74%.
Trends to watch for:
- Technological advancements in engine parts.
- Possible policy changes impacting imports.
- Fluctuations in global market prices.
- Expansion of local production capabilities reducing import reliance.
