Key Market Indicators
GABORONE – Batswana's electrical equipment export market is poised for significant growth, projected to reach approximately $202 million by 2028. This marks an increase from $169 million in 2023, translating to an average annual growth rate of 2.8%. The upward trend in exports has been consistent since 2005, with an average year-on-year increase of 3.8%. In contrast, the import market for electrical equipment in Batswana is expected to see a modest rise. Imports are forecasted to hit around $337 million by 2028, up from nearly $333 million in 2023. This represents a slight annual growth rate of 0.2%. However, it is noteworthy that since 2005, the demand for imported electrical equipment has actually declined by an average of 0.6% each year.
