Key Market Indicators
Lao Transformer Export is projected to reach nearly $305,000 by 2026, growing at an average rate of 4% year on year. In 2021, Lao was ranked 109th, lagging just behind Saint Kitts and Nevis at $240,000. Germany, the United States and Japan were the top three in this ranking. Lao Transformer Import is estimated to reach $59.2 million by 2026, with an average growth rate of 2.2% year on year. In 2021, Lao was ranked 81st, behind Azerbaijan at $52 million. China, Germany and Mexico were the top three in this ranking. Since 2015, Lao demand for transformers has increased 3% year on year.
