Key Market Indicators
Bolivia's transformer imports are expected to reach $73 million by 2026, up 2.5% per year on average from $63 million in 2021. Since 1997, the country's demand has grown 3.3% every year. In 2021, Latvia passed Bolivia with $63 million, leaving it in 77th place. China, Germany and Mexico were the top three countries in this ranking. Meanwhile, Bolivian transformer exports are forecast to drop 0.3% a year to $233,000 by 2026 from $237,000 in 2021. Since 1997, supply has decreased 14.3% annually. In 2021, Laos was ahead of Bolivia with $237,000, putting it in 110th position. Germany, the United States and Japan were the second, third and fourth-highest countries, respectively.
