Key Market Indicators
Azerbaijan's transformer exports are forecast to reach almost $3.2 million by 2026, down 0.8% annually from 2021. Since 2001, the country's supply has grown at a rate of 1.1% each year. In 2021, Azerbaijan placed 76th in exports, with Jordan taking the lead at $3.3 million. Germany, the US and Japan were ranked second, third and fourth. Meanwhile, Azerbaijan's transformer imports are expected to hit about $61 million by 2026, up 1.3% annually from 2021. Since 2001, the country's demand has grown at an annual rate of 8.8%. In 2021, Azerbaijan came in at 80th, with Tanzania at the head of the pack at $57 million. China, Germany and Mexico were ranked second, third and fourth.
