Key Market Indicators
Guyanese imports of DC motors are projected to decline over the next five years. According to recent forecasts, the value of these imports is expected to drop to approximately $141,000 by 2028, down from around $150,000 in 2023. This represents an average annual decrease of 1%. Despite the anticipated decline, it's worth noting that Guyanese demand for DC motors has seen considerable growth in the past. Since 2004, the demand has increased by an average of 6% each year.
