The import of parts for electric motors and generators to South Africa was valued at 83.0 Million US Dollars in 2023. Based on the forecasted data from 2024 to 2028, there is an upward trend in imports, with the value increasing from 85.135 Million US Dollars in 2024 to 91.99 Million US Dollars in 2028. This reflects a consistent yearly growth.
Year-on-year variation percentages for the forecasted period are as follows:
- 2024 to 2025: 2.07%
- 2025 to 2026: 1.99%
- 2026 to 2027: 1.91%
- 2027 to 2028: 1.84%
The Compound Annual Growth Rate (CAGR) over the last five years (2024-2028) is 1.94%.
Future trends to watch for include technological advancements in electric motor and generator components, developments in renewable energy industries, and shifts in global trade policies which might impact the import dynamics positively or negatively over the long term.
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