Key Market Indicators
Armenian Home Appliance Export is projected to reach $1.6 million by 2026, up from $1.4 million in 2021. This represents an average annual growth rate of 2.4%. Since 2002, Armenian supply has fallen by 19.3% per year. Armenia was ranked 63rd in 2021, behind Palestine with $1.4 million. Germany, Malaysia and the United States came in second, third and fourth, respectively. Armenian Home Appliance Import is set to increase to $9.5 million by 2026, up from $7.8 million in 2021. This equates to an average year-on-year growth rate of 3.4%. Since 2002, Armenian demand has grown by 6.5% annually. In 2021, Armenia ranked 88th, behind the Dominican Republic with $7.8 million. Germany, Japan and France ranked second, third and fourth, respectively.
