Key Market Indicators
By 2028, Benin's exports of electrical equipment are projected to reach nearly $8.9 million, up from approximately $7.5 million in 2023. This marks an average annual growth rate of 2.8%. Over the past two decades, since 2003, the country's supply of electrical equipment has seen a consistent yearly increase of 2.4%. On the import side, Benin is expected to see its electrical equipment imports climb to around $132.8 million by 2028, compared to about $116.8 million in 2023. This represents a compound annual growth rate (CAGR) of 2%. Since 2003, the demand for electrical equipment in Benin has grown by an average of 2.1% each year.
