Key Market Indicators
South African electric generator imports are projected to reach US$18.5 million by 2026, up from US$17.6 million in 2021. This translates to a year-on-year growth rate of 0.8% over the 2021-2026 CAGR. Since 2005, South Africa's demand for electric generators has increased by a yearly average of 2.4%. In 2021, the country ranked 34th, with the United Arab Emirates coming in first at US$17.6 million. Germany, Mexico and China occupied the next three spots in this ranking. South African electric generator exports, on the other hand, are set to decrease to US$4.7 million by 2026, down from US$6.6 million in 2021. This implies a year-on-year CAGR of -5.7% over the 2021-2026 period. Since 2005, the country's supply has grown by an average of 3.3% year on year. In 2021, South Africa occupied the 33rd position, with Australia topping the list with US$6.6 million. The United States, France and Japan were the next three countries in this ranking.
