Key Market Indicators
Exports of transformers from Australia are set to reach almost $176 million by 2026, up from $153 million in 2021. That's an average growth rate of 2.3% year on year. Since 1993, export supplies have increased by 8.8% annually. Australia came in 40th place in 2021, behind Portugal's exports of $153 million. Germany, the US and Japan were the top three exporters. Imports of transformers to Australia are projected to reach $1.45 billion by 2026, up from $1.27 billion in 2021. That's an average growth rate of 2.2% year on year. Since 1993, demand has jumped by 10% annually. Australia ranked 19th in 2021, behind Thailand's imports of $1.27 billion. China, Germany and Mexico were the top three importers.
