Key Market Indicators
Zimbabwe's electrical equipment imports are projected to decline slightly over the next five years. By 2028, imports are expected to reach approximately $232 million, down from around $245 million in 2023. This represents a compound annual growth rate (CAGR) decrease of 0.9%. Despite this downturn, Zimbabwean demand for electrical equipment has seen a modest increase of 0.7% per year since 2006. In contrast, the country's electrical equipment exports are on an upward trajectory. Exports are forecasted to grow to nearly $20 million by 2028, up from about $19 million in 2023. This growth translates to a 0.7% annual increase in the export sector. Notably, since 2000, Zimbabwean supply of electrical equipment has experienced a significant rise, expanding by 3.9% each year.
