Key Market Indicators
Lithuania's transformer import is predicted to reach $121 million by 2026, according to a report released this week. This is an increase of 2.3% from 2021's $106 million. Since 1999, Lithuania's demand has grown 6.3% on average annually. In 2021, Lithuania was ranked 65th in this ranking, overtaken by Sri Lanka at $106 million. China, Germany and Mexico came in second, third and fourth place respectively. Lithuania's transformer export is expected to hit $71 million by 2026, with an average year-on-year growth of 2.8%. Since 1999, Lithuania's supply has grown 3.8% per year. In 2021, Lithuania came in at 49th place, overtaken by Cambodia at $60 million. Germany, the United States and Japan followed in second, third and fourth place respectively.
