Forecast: Import of Trucks With Lifting Equipment to Angola

The historical data for Angola's import of trucks with lifting equipment shows significant fluctuations between 2013 and 2023. The value peaked in 2014 at $55.928 million and experienced a significant decline to $16.749 million by 2023. Year-on-year variations were marked by both substantial increases (like 68.97% in 2017 and 40.68% in 2018) and sharp declines (such as -50.7% in 2015 and -61.18% in 2016). Over the last two years, the values decreased by 6.14% from 2022 to 2023. The five-year CAGR before 2023 stood at -8.03%, indicating a consistent downward trend during this period.

The forecast data for 2024 through 2028 shows a continued decline with a five-year CAGR of -6.66% and a total forecasted growth rate decline of -29.15% by 2028. These figures highlight an anticipated reduction in the import value from $16.749 million in 2023 to $10.965 million in 2028.

Future trends to watch for include:

• Economic changes in Angola that might impact import capacity.
• Developments in local truck manufacturing and assembly capabilities.
• Global supply chain disruptions that could affect import volumes and values.