The import of screwdrivers to Angola experienced significant fluctuations over the past decade. Initially peaking in 2014 with a value of 785.38 thousand kilograms, imports later plummeted by 60.25% in 2015 and continued to decline, reaching 96.59 thousand kilograms in 2023. The last two years showed a downward trend with year-on-year variations of -7.29% in 2022 and -13.27% in 2023. Over the past five years, the CAGR stood at -13.31%, highlighting a consistent decline.
Future trends to watch for:
- Continued reduction in screwdriver imports, with forecasts showing a steep decline.
- Economic and infrastructural developments in Angola potentially altering import needs.
- Technological advancements and changes in local manufacturing capabilities might impact import volumes.