Key Market Indicators
Demand for transformers in Israel is set to reach $402 million by 2026, up from $362 million in 2021. This represents an average annual growth rate of 1.8%. Since 2000, demand has grown by 5.6% each year. Israel currently ranks 38th in the world for transformer imports, with Egypt coming first at $362 million. China, Germany and Mexico take the next three spots in the rankings. Supply of transformers from Israel is set to reach $289 million by 2026, up from $260 million in 2021. This also represents an average year-on-year growth rate of 1.8%. Since 2000, supply has grown at a rate of 3.1%. Israel comes in at 34th in the world for exports, with Bulgaria taking the top spot at $260 million. Germany, the United States and Japan take the next three spots in the rankings.
