Forecast: Energy Consumption in Transport in Angola

The energy consumption in transport in Angola has experienced fluctuations over the past decade. From 2013 to 2023, energy consumption showed initial growth, followed by some declines, particularly between 2016 and 2018, due to various economic conditions. A significant drop occurred in 2020, with a decrease of 22.22% year-on-year, reflecting the impact of global events. However, recovery was noted from 2021 onwards, with a notable increase in 2023 standing at 25.95 units, reflecting a 6.83% year-on-year growth. The last five years show a CAGR of 2.86%, indicating a moderate growth rate.

Looking forward, forecasted data suggests a steady upward trend in energy consumption, reaching 28.57 units by 2028. An anticipated CAGR of 1.53% over the next five years indicates a positive but slower growth rate compared to the previous period.

Key future trends to watch for include:

  • Technological advancements in transport efficiency.
  • Policy shifts towards sustainable energy sources.
  • Economic recovery and urbanization potentially driving higher energy consumption.

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