Key Market Indicators
Maltese imports and exports of transformers are expected to rise steadily over the next five years. Imports of transformers in Malta are forecast to reach nearly $20 million by 2026, up 1.6% annually on average from 2021. Since 1999, demand has grown 6.8% per year on average. In 2021, the country ranked 111th in the world, behind Kyrgyzstan at $17.9 million. China, Germany and Mexico were the 2nd, 3rd and 4th largest importers, respectively. Exports of transformers from Malta are projected to reach $13.5 million by 2026, growing at an average rate of 1.2% annually from 2021. Since 1999, supply has risen 9.9% per year on average. In 2021, the country ranked 64th in the world, behind Bosnia and Herzegovina at $12.5 million. Germany, the United States and Japan were the 2nd, 3rd and 4th largest exporters, respectively.
