Key Market Indicators
Spain's transformer import is predicted to reach around $1.5 billion by 2026, up from $1.4 billion in 2021. This growth is estimated at a 1.9% year-on-year CAGR. Since 1994, Spanish demand has increased by an average of 4.4% annually. In 2021, Malaysia was the 17th ranked country, ahead of Spain with $1.4 billion in imports. China, Germany and Mexico were the top three countries in this ranking. Spanish transformer exports will reach $1.2 billion by 2026, up from $1.1 billion in 2021. This growth is estimated at an average of 2.3% year-on-year. Since 1994, Spanish exports have increased by 6.5% annually. In 2021, Hungary was the 19th ranked country, ahead of Spain with $1.1 billion in exports. Germany, the United States and Japan were the top three in this ranking.
