Key Market Indicators
Greenland's import of DC motors is projected to decline from approximately $19,200 in 2023 to $16,400 by 2028. This represents an average annual decrease of 2.5%. The country's demand for these motors has been on a downward trend since 1999, with an annual decline rate of 7.2%. On the export front, Greenland saw a significant drop in DC motor exports in 2017, falling to nearly $84 from $223 in 2016. This marks a sharp year-on-year decrease of 62.4%.
