Key Market Indicators
Mongolian exports of electric generators are expected to reach $561,000 by 2026, up from $425,000 in 2021. This marks an average annual growth of 4.7%. Since 2002, supply has grown a whopping 179% year on year. In 2021, Mongolia was ranked 54th, with Latvia coming in one place ahead. The United States, France and Japan followed, respectively ranked 2nd, 3rd and 4th. Conversely, Mongolian imports of electric generators are forecast to decline to $425,000 by 2026, from $498,000 in 2021. This represents an average annual decrease of 2.6%. Since 2001, demand has seen a 38.4% year on year increase. Mongolia was ranked 94th in 2021, with Tanzania overtaking it. Germany, Mexico and China were the next three countries in the ranking.