Key Market Indicators
Greenland's import of electrical equipment is projected to decline to approximately $37 million by 2028, down from $39 million in 2023. This represents an average annual decrease of 0.7%. Since 1999, the demand for electrical equipment in Greenland has been falling at an average rate of 1.2% per year. In terms of exports, Greenland is experiencing a significant downturn. Electrical equipment exports are expected to plummet to around $8,000 in 2023, a sharp decrease from $34,000 in 2022. This marks a staggering 76.3% decline year over year. Since 1999, Greenland's supply of electrical equipment for export has been shrinking at an average annual rate of 42.2%.
