Key Market Indicators
Armenian imports of DC motors are projected to decline to approximately $109,000 by 2028, down from nearly $119,000 in 2023. This represents an average annual decrease of 1.4%. This trend follows a historical pattern, as Armenian demand for DC motors has been falling by an average of 5.9% per year since 2002. On the export front, Armenian DC motor exports saw a significant increase in 2019, reaching $183. This marks a 121% growth compared to $83 in 2018. However, this positive spike stands in contrast to a broader long-term trend: since 2002, Armenian DC motor supply has decreased by an average of 28.3% annually.
