Forecast: Import of Parts for Electric Motors and Generators to Angola

In 2023, the import of parts for electric motors and generators to Angola stood at 4.475 million kilograms. Forecasts for 2024 through 2028 predict a steady decline, marking year-on-year percentage decreases. Specifically, a 4.8% decline is expected from 2024 to 2025, 5% from 2025 to 2026, 5.1% from 2026 to 2027, and 5.3% from 2027 to 2028. Over the past two years, the import volume has seen a variation indicative of a contracting market. The compound annual growth rate (CAGR) over the next five years points to an average annual decrease of 4.9%.

Trends to watch for:

• Angola's efforts to diversify and localize manufacturing capabilities could further impact import volumes.
• Changes in trade policies and tariffs that may influence the cost and feasibility of imports.
• Technological advancements in electric motors and generators that might reduce or shift demand for parts.