The import value of instantaneous gas water heaters to Angola stood at $832.1 thousand in 2023. Despite a drastic decline from 2013 to 2016, the market saw significant growth between 2017 and 2023, peaking in 2018. The year-on-year variation from 2022 to 2023 was 4.53%, with a slight growth trend. The five-year CAGR from 2018 to 2023 was -0.91% indicating minor annual fluctuations balancing out. The forecasted data suggests continued growth, with a projected 5-year CAGR of 3.22% from 2024 to 2028 and an overall growth rate of 17.18% during this period.

Future trends to watch for:

Increased investment in infrastructure and housing could boost demand for gas water heaters.
Economic policies and their impact on import tariffs could affect pricing and demand.
Technological advancements in energy efficiency might drive market preference towards more advanced models.