Key Market Indicators
Mosotho's metal products export is projected to hit approximately $152,000 by 2028, rising from around $131,000 in 2023. This marks a steady annual growth rate of 2.3% in compound annual growth rate (CAGR). Historically, since 2008, the country's supply of metal products has seen an average annual increase of 3.5%. Meanwhile, the import of metal products into Mosotho is expected to decline significantly. Forecasts indicate a drop to roughly $1.1 million by 2028 from about $2.1 million in 2023, representing a sharp annual decrease of 10.5% in CAGR. Since 2008, the demand for metal products in Mosotho has been on a downward trend, shrinking by an average of 7.6% each year.
