Key Market Indicators
Serbian transformer imports and exports are set to grow in the coming years, according to a recent market research. By 2026, Serbian transformer imports are expected to reach around $91 million, a 2.1% increase each year on average since 2021. Since 2010, the country's demand has grown by 12.8% annually. In 2021, Serbia ranked 71st in the world, with Ecuador ahead of it at $80 million. China, Germany and Mexico followed in the ranking's top four spots. Exports of transformers from Serbia are projected to hit $68 million by 2026, a 2.2% annual growth rate since 2021. Since 2010, the country's supply has risen by 8.5% annually. Serbia was 50th in the world in 2021, with Lithuania ahead at $60 million. Germany, the US and Japan occupied the second, third and fourth spots respectively.
