Key Market Indicators
Armenia's transformer export is expected to reach around $172 million by 2026, down 10.6% from 2021's figure of $327 million. Since 2002, the country's supply has dropped by 3.1% year-on-year. Nepal surpassed Armenia in 2021, ranking 105th, while Germany, the United States and Japan followed in second, third and fourth positions respectively. Meanwhile, Armenia's transformer import is forecast to reach $21.7 million by 2026, up 2.5% per year from 2021's figure of $18.6 million. Since 2002, the country's demand has increased by 25.8% year-on-year. Botswana outranked Armenia in 2021, ranking 109th, while China, Germany and Mexico placed second, third and fourth respectively.
