Key Market Indicators
Costa Rica's transformer import and export are both set to grow over the next five years. Imports of transformers into Costa Rica are expected to reach $74 million by 2026, up 1% annually on average from 2021's $70 million. Since 1999, the country's demand for transformers has grown by 4.6% year on year, with Costa Rica ranking 74th in 2021. Luxembourg overtook the country at $70 million, while China, Germany and Mexico respectively ranked numbers 2, 3 and 4. Exports of transformers from Costa Rica are projected to reach $10 million by 2026, up 2.3% annually on average from 2021's $8.5 million. Since 1999, the country's supply has grown by 19.8% year on year, with Costa Rica placing 68th in 2021. The Dominican Republic overtook the country at $8.5 million, while Germany, the United States and Japan respectively ranked numbers 2, 3 and 4.
