Key Market Indicators
Mongolia's import of DC motors is expected to decline, reaching approximately $865,000 by 2028. This marks a decrease from the $891,000 projected for 2023, translating to a compound annual growth rate (CAGR) decline of 0.5%. Since 2001, the country's demand for DC motors has been on a downward trajectory, decreasing by an average of 3.8% year on year. In terms of exports, Mongolia saw a significant drop in DC motor exports. In 2016, the export value was nearly $160, a sharp drop from the $7,000 recorded in 2015. This represents a staggering 97.8% decrease in just one year.
