Key Market Indicators
Cypriot transformer exports are estimated to reach $1.4 million by 2026, a 1.2% average year-on-year growth since 1994. In 2021, it was ranked 88th in the world, with Palestine slightly ahead at $1.3 million. Germany, the US and Japan took the top three spots in the rankings. Cypriot transformer imports are expected to reach $11.3 million by 2026, a year-on-year decline of 1.5%. Since 1994, demand has increased 6.5% annually. In 2021, it was 115th in the world, with Brunei in the lead at $12.3 million. China, Germany and Mexico occupied the next three spots.
