Key Market Indicators
Guyanese transformer imports are expected to reach nearly $9.1 million by 2026, up from $8.1 million in 2021. This is a growth rate of 2.1% each year. Since 1997, Guyana's demand has grown by 18.7% annually. In 2021, Guyana ranked 121st, with Lesotho ahead of it at $8.1 million. China, Germany and Mexico followed in the rankings at 2nd, 3rd and 4th respectively. Meanwhile, Guyanese transformer exports are forecast to reach $280,110 in 2026, up from $213,060 in 2021. This is a yearly growth rate of 4.6%. Since 2002, Guyana's supply has increased by 42.4% annually. In 2021, Guyana was 113th, with Cameroon outranking it at $213,060. Germany, the United States and Japan followed in the rankings at 2nd, 3rd and 4th respectively.
