Key Market Indicators
Malawi's exports of electrical equipment are projected to decline over the next five years. By 2028, the export value is expected to decrease to approximately $2.6 million, down from around $3.1 million in 2023. This represents an average annual decline of 2.8%. The downward trend is not new; since 1995, Malawi's electrical equipment supply has been falling at an average rate of 3% per year. In stark contrast, the country's imports of electrical equipment are on the rise. Projections indicate that imports will reach roughly $295 million by 2028, up from about $249 million in 2023. This reflects an average annual growth rate of 2.7%. Historical data since 1995 shows a consistent increase in demand, with the import value growing at an average of 4.2% per year.
