The import of electric shavers and hair clippers to Angola has shown considerable volatility over the past decade. In 2013, imports were valued at $966.64 thousand and saw a peak value of $966.64 thousand, followed by a significant decline to $420.29 thousand in 2023. The years from 2013 to 2016 experienced dramatic decreases, highlighted by a notable drop of 31.85% in 2015. Post-2016, while there was a brief recovery in 2017, the overall trend has been downward, with more moderate year-on-year fluctuations until 2023.
Year-on-year analysis reveals a mixed fluctuating pattern. For example, there were sharp declines in 2015 (-31.85%) and 2016 (-26.79%), a recovery in 2017 (+38.63%), but another significant drop in 2018 (-35.88%). The past two years experienced minor decreases with -2.83% in 2022 and -2.86% in 2023.
The Compound Annual Growth Rate (CAGR) from 2018 to 2023 averaged at approximately -0.094% reflecting relative stability in recent years. Future forecasts predict continued declines, with a 5-year forecast CAGR of -2.64%, anticipating a total decrease of -12.53% by 2028.
Future trends to watch for include:
- Economic factors and their impact on consumer purchasing power in Angola.
- Potential shifts toward more affordable grooming technologies.
- Influences from global market conditions and supply chain dynamics.
