Key Market Indicators
Honduran transformer imports are expected to reach around $54 million by 2026, up 2% annually on average. Since 1999, Honduran demand has grown 10% each year. In 2021, Honduras was the 82nd largest importer of transformers, behind Laos at $48 million. China, Germany and Mexico ranked second, third and fourth, respectively. Honduran transformer exports are projected to reach $1.1 million by 2026, increasing by 2.4% each year. Since 1999, Honduran supply has grown 4.4% annually. In 2021, Honduras was the 92nd largest exporter of transformers, behind Nicaragua at $974,000. Germany, the United States and Japan placed second, third and fourth, respectively.
