Key Market Indicators
Namibian transformer exports are set to reach almost $10 million by 2026 from $9 million in 2021, according to CAGR data. This marks a 1.5% year-on-year growth. However, since 2005, export supply has dropped by nearly 20%. Namibia ranked 66th for exports in 2021, with Iran ahead at $8.8 million. Germany, the United States and Japan came in second, third and fourth. Namibian transformer imports are predicted to reach $30.5 million by 2026 from $29 million in 2021, representing a 1% year-on-year growth. Since 2005, demand has shown a 13% year-on-year increase. Namibia was 99th in 2021, with Mozambique surpassing it at $29 million. China, Germany and Mexico followed in second, third and fourth place.
