Between 2013 and 2023, South Africa's crude oil and natural gas exports to Zimbabwe showed significant growth, escalating from $82.55k to $335.51k. The most notable increases were observed in 2014 (93.33%) and 2015 (47.2%). Despite a few downturns, like in 2017 (-9%) and 2020 (-13.29%), the overall trend was upward, with an average yearly growth (CAGR) of 3.17% over the past five years. In 2023, the value stood at $335.51k, rising 3.72% from 2022.
Future trends indicate a continued upward trajectory with a forecasted five-year CAGR of 2.7%, leading to a total growth rate of 14.24% by 2028. Key trends to watch include geopolitical factors influencing trade policies, shifts in global oil and gas prices, and the impact of renewable energy adoption on demand.
