The import of buses to Angola has experienced significant volatility from 2013 to 2023, with a notable peak in 2014 followed by a sharp decline in subsequent years. After a substantial decrease from 2014 to 2016, the market saw occasional upticks, such as in 2017 and 2021, though overall the trend has been downward. In 2023, the import value stood at 86.726 million USD.
Year-on-year variations over the last two years saw a decrease of 5.91% from 2022 to 2023. The compound annual growth rate (CAGR) over the last five years has been negative at -6.13%, indicating a steady decline in imports.
Forecast data suggests a continued downward trend, with an expected drop to 58.001 million USD by 2028. The CAGR for the forecast period is -6.32%, aligning with a cumulative decline of 27.86%.
Future trends to watch for include potential changes in government policies and infrastructure investments, which may influence demand, as well as economic recovery efforts which could affect import capacities and market dynamics.
