Key Market Indicators
Aruban Transformer trade is set to reach $607,670 by 2026 from $1,511,140 in 2021, falling by 16.5% year on year on average. Aruban demand for transformers is expected to decline by 16.4% to $528,000 by 2026. This follows an increase of 0.2% annually since 2014. In 2021, Aruba was ranked 136th in the world for transformer imports, with Saint Lucia in the top spot at $1,433,500. The next three ranks were held by China, Germany, and Mexico. Supply of transformers from Aruba is forecast to increase by 0.2% to $78,670 by 2026. Since 2014, Aruba's supply of transformers has grown 20.7% year-on-year. In 2021, the nation was 118th in the world for transformer exports, with Barbados ahead at $77,640. Germany, the United States, and Japan came in at positions 2, 3, and 4. Overall, Aruban transformer trade is forecast to decline 16.5% to $607,670 by 2026.
