Key Market Indicators
Hungary's transformer exports are predicted to reach $1.3 billion by 2026, up from $1.1 billion in 2021. This translates to a 2.8% year-on-year average growth rate. Since 1997, Hungarian transformer exports have increased by 10.8% year-on-year. In 2021, Hungary ranked 18th, with Sweden placed above it at $1.1 billion. Germany, the United States and Japan respectively were numbers 2, 3 and 4 in this ranking. Hungary's transformer imports are set to reach $1.1 billion by 2026, up from $1.0 billion in 2021. This represents a 1.9% year-on-year CAGR. Since 1997, Hungarian transformer demand has risen 7.4% year-on-year. In 2021, Hungary was placed 22nd, with Austria ahead of it at $1.0 billion. China, Germany and Mexico respectively were numbers 2, 3 and 4 in this ranking.
