Angola vehicles market has lost 49% in the 2017 keeping the unprecedented fall due to the long and deep recession in which the country dropped. Toyota lost 83% and the leadership, actually taken by the Italian Fiat.
Angola’s economy remains fragile despite recovering oil prices, which reached an over-three year high in January. Industrial production in the third quarter of 2017 contracted 2.3% in year-on-year terms, and exports of goods and services also dropped compared to the previous year, indicating depressed oil earnings in the period when the current upswing in global oil prices started
Angolan vehicles market in recent years suffered one of the deepest crisis ever and the hardest worldwide. Indeed, from the 29.882 sales in the 2012, when the market was one of the largest in the continent, sales collapsed at few units more than 4.000 in the 2017, hit the economic crisis. As reported by the local association of importers (ACETRO), only last year sales declined 49.1%.
|Sales 2012||Sales 2013||Sales 2014||Sales 2015||Sales 2016||Sales 2017||Sales 2018 e|
|2012 Var||2013 Var||2014 Var||2015 Var||2016 Var||2017 Var||2018 var e|
Brand wise, the 2017 was characterized by the absolute collapse of Toyota, down 83%, while the Italian Fiat gained the leadership with 612 sales (-51.6%) ahead of Suzuki and Kia.
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Research, Consulting, Data & Forecast
F2M covers intensively this market with several products developed to help any investigation required. Market Researches in PDF are immediately available for download with study on the market since 2005 and with forecast up to the 2022. AutoData in EXCEL are immediately downloadable with annual sales volume, split by month, for all brands and all models distributed in the market. This year data are released year to date, but you will receive a monthly update until the year-end. See details within Angola Store