Key Market Indicators
The importation of electrical equipment in Palestine is projected to hit approximately $463 million by 2028, up from around $394 million in 2023. This marks an annual compound growth rate (CAGR) of 2.6%. Since 2012, the demand for electrical equipment in Palestine has increased by 4% year on year. Conversely, Palestinian exports of electrical equipment are expected to reach about $15 million by 2028, rising from roughly $14 million in 2023. This represents an average annual growth rate of 1%. However, since 2012, the supply of electrical equipment for export has declined by 1.3% each year.
