Key Market Indicators
Nicaraguan transformer exports are expected to reach $1.3 million by 2026, up from $981,000 in 2021. This is a growth rate of 4.6% year-on-year, meaning exports have gone up 64.4% since 1998. In 2021, Nicaragua was ranked 91st, overtaken by Ivory Coast, which had exports of $980,780. The United States, Germany and Japan took the top three spots. Meanwhile, Nicaragua’s transformer imports are predicted to reach $41.9 million by 2026, up from $36.7 million in 2021. This is an average annual growth rate of 2.2%, with demand rising by 2.3% since 1998. In 2021, the country was ranked 90th, overtaken by Nepal, with imports of $36.7 million. China, Germany and Mexico took the top three spots.
