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Armenia Electrical Equipment Industry Outlook 2022 - 2026

See how Armenia Electrical Equipment performed compared to key markets such as China, South Korea and the United States.

Key Market Indicators

Armenia's export of electrical equipment is set to reach $16 million by 2026. This is a 0.6% increase from the current year's $15.3 million. The country has seen a 2.7% average annual rise since 2002. Madagascar leads in 2021 with $15.3 million, while South Korea, the United States and Germany come in 2nd, 3rd and 4th respectively. Imports of electrical equipment from Armenia is expected to reach $477 million in 2026. This is a 3.1% increase from the current year's $396 million. The country has experienced an average of 12.3% annual growth since 2002. Namibia currently tops the 2021 list with $396 million, with the United States, Germany and Singapore following in 2nd, 3rd and 4th place.

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Armenia Electrical Equipment Market Data and Forecasts