Key Market Indicators
Montenegro's transformer exports are projected to reach nearly $761,000 by 2026, growing at a 2.7% year-on-year compound annual growth rate (CAGR). This is up from $647,050 in 2021, but still 15.4% lower than 2011. In 2021, Montenegro ranked 98th in the world, with Senegal ahead at $647,050. Germany, the US and Japan took the second, third and fourth spots respectively. Meanwhile, Montenegro's transformer imports are expected to hit $25.2 million by 2026, with a 2.6% CAGR. This is a 9.5% increase since 2011, but still slightly lower than 2021's figure of $21.6 million. In 2021, Montenegro ranked 103rd, with Moldova overtaking it at $21.6 million. China, Germany and Mexico took the second, third and fourth spots respectively.
