Key Market Indicators
Mosotho's electrical equipment import market is projected to experience steady growth, with figures expected to climb from approximately $115 million in 2023 to around $126 million by 2028. This represents a compound annual growth rate (CAGR) of 1.5%. Historical data since 2008 indicates that demand in the sector has been rising consistently at an annual rate of 2.1%. In contrast, the nation’s electrical equipment export market is facing a downturn. Exports are forecasted to decline from about $31 million in 2023 to roughly $21 million by 2028, reflecting an average annual decrease of 6.4%. The trend of diminishing supply has been apparent since 2008, with an average annual reduction of 5.6%.
