Key Market Indicators
Burmese exports of transformers are set to reach $21.5 million by 2026, up from $17.3 million in 2021. This is a 3.6% year-on-year average growth rate since 2016. In 2021, Burmese transformers ranked 62nd in the world, with Panama ahead of it at $17.3 million. Germany, the US and Japan came in second, third and fourth, respectively. Burmese imports of transformers are set to reach $121.3 million by 2026, up from $98.2 million in 2021. This is a 3.6% year-on-year compound annual growth rate since 2015. In 2021, Burmese transformers ranked 67th in the world, with Iran overtaking it at $98.2 million. China, Germany and Mexico were second, third and fourth, respectively.
