Key Market Indicators
Palestinian transformer exports are projected to hit $1.9 million by 2026, up from $1.5 million in 2021. This would represent an average growth rate of 4.7% year on year. Since 2012, Palestinian exports have grown an impressive 14.8% year on year. In 2021, the country was ranked 87th, with Zimbabwe coming in ahead at $1.5 million. Germany, the United States and Japan were the next three biggest exporters. Palestinian transformer imports are expected to reach $20 million by 2026, up from $16 million in 2021. This would be an average growth rate of 3.7% year on year. Since 2012, Palestinian demand has risen 7.1% year on year. In 2021, the country was placed 113th in the ranking, with Madagascar coming in ahead at $16 million. China, Germany and Mexico were the next three biggest importers.
