Key Market Indicators
New Zealand's import and export of transformers is expected to rise in the next five years. Imports are predicted to reach $190,380,000 by 2026, an increase of 1.5% each year on average since 2021 when the figure was $174,020,000. Since 1994, New Zealand's demand has grown 7.1% annually. In 2021, the country was ranked 53rd in the world, with Greece overtaking with $174,020,000. China, Germany and Mexico were the top three countries in this ranking. Exports are predicted to reach $162,420,000 by 2026, an increase of 2.6% each year on average since 2021 when the figure was $139,050,000. Since 1994, New Zealand's supply has risen 6.3% each year. In 2021, the country was ranked 41st in the world, with Australia overtaking with $139,050,000. Germany, the United States and Japan were the top three countries in this ranking.
