Forecast: IT Hardware Exports in South Africa

IT hardware exports in South Africa have been experiencing a steady decline. In 2023, the value of IT hardware exports stood noticeably higher than the forecasted values. Year-on-year analysis reveals a decrease of approximately 6.78% from 2024 to 2025, 7.27% from 2025 to 2026, 7.84% from 2026 to 2027, and 8.51% from 2027 to 2028. Over the last five years, the compounded annual growth rate (CAGR) shows an average annual decline of approximately 7.6%.

Future trends to watch for include potential shifts in global supply chains, increasing competition from emerging markets, advances in technology that may either bolster or detract from South Africa's export capabilities, and economic policies that could impact the trade environment. Attention should also be given to the potential for innovation within the local market which could positively influence export figures.