Key Market Indicators
Kuwait is set to see a 3% year-on-year average increase in transformer exports by 2026, up to $7.1 million from $5.9 million in 2021. This marks a 32.9% year-on-year increase since 2005. Kuwait ranked 71st in 2021, with Chile topping the list at $5.9 million. Germany, the United States and Japan took the next three spots. Meanwhile, Kuwait is expected to see a 1% year-on-year average increase in transformer imports by 2026, reaching $176.1 million from $166.4 million in 2021. This marks a 3.6% year-on-year decrease since 2005. Kuwait ranked 55th in 2021, with Bahrain leading the list at $166.4 million. China, Germany and Mexico were the next three countries.
