The import value of floating or submersible drilling or production platforms to Mozambique reached $1140.6 thousand in 2023. This sector has experienced substantial fluctuations, with a peak in value in 2022 at $1075.8 thousand and subsequent growth leading up to the 2023 value. The year-on-year variation from 2022 to 2023 was 6.02%, while the Compound Annual Growth Rate (CAGR) over the past five years (2018-2023) stood at 4.79%. Future projections suggest a steady increase, with the value forecasted to rise to $1479.1 thousand by 2028, corresponding to a five-year CAGR of 4.07%.
Trends to watch for in this market include technological advancements in drilling and production platforms, geopolitical changes affecting trade policies, and fluctuations in global oil and gas prices. Monitoring these trends can provide valuable insights into potential shifts in import values for Mozambique in the coming years.