Key Market Indicators
Export of transformers from Ecuador is expected to reach nearly $7 million by 2026, up 3.6% annually since 2021. Since 1997, the country's supply has increased 6.7% year-on-year. Ecuador was ranked 72nd in 2021, with Kuwait ranked higher at $5.6 million. Germany, the US and Japan followed in the rankings. Imports of transformers to Ecuador are forecast to reach $84 million by 2026, a decrease of 0.6% annually since 2021. Since 1996, the country's demand has fallen 6.5% year-on-year. In 2021, Ecuador was ranked 70th, with Croatia at $87 million. China, Germany and Mexico followed.
