Key Market Indicators
Senegal's export of electrical equipment is projected to decline to roughly $20 million by 2028, down from about $23 million in 2023. This marks a year-on-year decrease of 2.1% in compound annual growth rate (CAGR). Historically, since 2001, the country's electrical equipment supply has experienced a yearly decline of 5.8%. In contrast, Senegal's import of electrical equipment is expected to surge to approximately $709 million by 2028, up from around $604 million in 2023. This represents an average annual growth rate of 2.5%. Since 2001, the country's demand for electrical equipment has seen a consistent year-on-year increase of 6.3%.
