Key Market Indicators
Belgium is set to see an increase in both its transformer imports and exports by 2026. Imports are expected to reach around $731 million, growing at a rate of 0.6% year-on-year since 2021. This is 1.6% higher than the figure from 2004. In 2021, Denmark overtook Belgium as the largest importer, with imports at $707 million. China, Germany and Mexico were the second, third and fourth largest importers. Meanwhile, exports are expected to reach around $666 million, growing at a rate of 0.8% year-on-year since 2021. This is 5.8% higher than the figure from 2004. In 2021, Slovakia surpassed Belgium as the largest exporter, with exports at $635 million. Germany, the United States and Japan were the second, third and fourth largest exporters.
