Key Market Indicators
Indonesia's transformer imports are expected to reach $1.2 billion by 2026, up from $985 million in 2021. This is an average annual growth rate of 3.1%, with demand rising 12.4% year on year since 1994. Indonesia ranked 23rd in 2021, with Hungary taking the lead at $985 million. China, Germany and Mexico took the second, third and fourth spots, respectively. Meanwhile, Indonesian transformer exports are projected to reach $400 million by 2026, down slightly from $409 million in 2021. This is an average annual decline of 0.3%, with supply increasing 0.8% year on year since 1994. The country ranked 29th in 2021, with the United Arab Emirates taking the lead at $409 million. Germany, the United States and Japan took the second, third and fourth spots, respectively.
