Key Market Indicators
Russia's export of transformers is projected to reach $284 million by 2026, up from $250 million in 2021. This is a growth rate of 2.2% year-on-year. Since 2001, the supply of Russian transformers has decreased by 0.4% year-on-year. In 2021, Russia's exports ranked 35th in the world, overtaken by Israel at $250 million. Germany, the United States and Japan followed respectively. Russia's import of transformers is estimated to reach $1.78 billion by 2026, up from $1.63 billion in 2021. This is an average growth rate of 1.5% year-on-year. Since 2001, demand for Russian transformers has decreased by 1.2% year-on-year. Last year, Russia ranked 14th in the world, with Singapore overtaking it at $1.63 billion. China, Germany and Mexico followed respectively.
