Key Market Indicators
Belarusian transformer exports are predicted to reach around $126 million by 2026, an increase of 0.7% year on year. Since 2003, Belarusian production has grown by 5.7% annually. In 2021, Belarus placed 43rd in world rankings, behind Tunisia with $120.8 million. Germany, the US, and Japan took the second, third and fourth spots respectively. Meanwhile, Belarusian transformer imports are expected to reach $158 million by 2026, with an annual average growth rate of 1.7%. Since 2003, Belarusian demand has risen by 5.3%. In 2021, Angola overtook Belarus as the 61st largest importer, with $142.6 million. China, Germany, and Mexico followed as the second, third and fourth largest importers.
