Import of fortified wine or must to Angola has shown a marked decline from 2013 to 2023. The value stood at $23.808 million in 2023. The annual percentage variation over the last two years shows a decreasing trend, with -9.46% in 2022 and -10.24% in 2023. The compound annual growth rate (CAGR) over the last five years is -8.29%, indicating a consistent downward trend in imports.
For the future, the forecasted data from 2024 to 2028 indicates a continuation of this declining trend with a five-year CAGR forecasted at -14.31% and a five-year growth rate of -53.79%. By 2028, the import value is expected to drop to $9.623 million.
Trends to watch for in the future:
• Economic conditions and their impact on disposable incomes in Angola.
• Changes in import tariffs or trade policies that could affect wine imports.
• Shifts in consumer preferences towards local or alternative alcoholic beverages.
• Impact of global wine market trends on import dynamics.
