Key Market Indicators
Kazakhstan's transformer exports are set to reach $50 million by 2026, up from $40 million in 2021. This is a 3.4 percent increase year-on-year on average. Since 2006, the country has seen a 17 percent annual increase in its supply. In 2021, Kazakhstan was ranked 57th in the world, but Sri Lanka overtook it with $40 million. Germany, the United States and Japan took second, third and fourth place respectively. Kazakhstan's transformer imports are projected to reach $208 million by 2026, up from $201 million in 2021. This is a 0.6 percent average year-on-year increase. Since 2006, demand has risen by 10.2 percent annually. In 2021, Kazakhstan was ranked 50th in the world, with Colombia ahead at $201 million. China, Germany and Mexico came in second, third and fourth respectively.
