Key Market Indicators
Australia's electrical equipment imports are projected to surge to approximately $31.4 billion by 2028, up from around $28.2 billion in 2023. This marks an average annual growth rate of 1.7%. The demand for such equipment in Australia has consistently risen by 1.7% per year since 1993. On the export front, Australian electrical equipment is expected to reach about $3.8 billion by 2028, increasing from roughly $3.5 billion in 2023. This represents an annual growth rate of 1.5%. Since 1993, the supply of Australian electrical equipment to international markets has grown by 1.7% each year. These trends highlight a steady increase in both the import and export of electrical equipment in Australia over the past few decades.
