Key Market Indicators
Nepal's export of electrical equipment is projected to hit approximately $4.9 million by 2028, up from around $4.6 million in 2023. This marks an average annual growth rate of 1.1%. The nation's supply of electrical equipment has seen a consistent increase of 1.5% annually since 1999. On the import front, Nepal is expected to see a significant rise, with electrical equipment imports estimated to reach roughly $937 million by 2028. This is a substantial jump from about $808 million in 2023, reflecting a compound annual growth rate (CAGR) of 2.3%. Since 1999, the demand for electrical equipment in Nepal has grown at an average rate of 3.5% per year.
