Central Asia: Market for Electrical Transformers with Liquid Dielectric, of Power Handling Capacity from 650 kVA to 10000 kVA 2023

Market Size for Electrical Transformers with Liquid Dielectric, of Power Handling Capacity from 650 kVA to 10000 kVA in Central Asia

The Central Asian market for electrical transformers with liquid dielectric, of power handling capacity from X kVA to X kVA expanded markedly to $X in 2022, surging by 11% against the previous year. In general, consumption, however, recorded a mild curtailment. The level of consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Production of Electrical Transformers with Liquid Dielectric, of Power Handling Capacity from X kVA to X kVA in Central Asia

In value terms, production of electrical transformers with liquid dielectric, of power handling capacity from X kVA to X kVA skyrocketed to $X in 2022 estimated in export price. Over the period under review, production, however, saw a deep downturn. Over the period under review, production of attained the maximum level at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Exports of Electrical Transformers with Liquid Dielectric, of Power Handling Capacity from 650 kVA to 10000 kVA

Exports in Central Asia

In 2022, the amount of electrical transformers with liquid dielectric, of power handling capacity from X kVA to X kVA exported in Central Asia soared to X units, jumping by 633% against the previous year. In general, exports recorded a significant increase. The volume of export peaked at X units in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

In value terms, exports of electrical transformers with liquid dielectric, of power handling capacity from X kVA to X kVA surged to $X in 2022. Over the period under review, exports, however, showed a abrupt descent. Over the period under review, the exports of hit record highs at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Kazakhstan prevails in kVA structure, recording X units, which was approx. 95% of total exports in 2022. It was distantly followed by Uzbekistan (X units), comprising a 5.1% share of total exports.

Kazakhstan was also the fastest-growing in terms of the electrical transformers with liquid dielectric, of power handling capacity from X kVA to X kVA exports, with a CAGR of +49.2% from 2012 to 2022. Uzbekistan (-1.9%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Kazakhstan increased by +73 percentage points.

In value terms, the largest electrical transformers with liquid dielectric, of power handling capacity from X kVA to X kVA supplying countries in Central Asia were Kazakhstan ($X) and Uzbekistan ($X).

Kazakhstan, with a CAGR of +9.6%, recorded the highest growth rate of the value of exports, among the main exporting countries over the period under review.

Export Prices by Country

In 2022, the export price in Central Asia amounted to $X per unit, dropping by -76.4% against the previous year. Overall, the export price continues to indicate a sharp curtailment. The most prominent rate of growth was recorded in 2021 when the export price increased by 484% against the previous year. The level of export peaked at $X per unit in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Uzbekistan ($X per unit), while Kazakhstan totaled $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Uzbekistan (-12.0%).

Imports of Electrical Transformers with Liquid Dielectric, of Power Handling Capacity from 650 kVA to 10000 kVA

Imports in Central Asia

In 2022, the amount of electrical transformers with liquid dielectric, of power handling capacity from X kVA to X kVA imported in Central Asia skyrocketed to X units, increasing by 123% on 2021 figures. In general, imports posted a notable expansion. The volume of import peaked at X units in 2020; however, from 2021 to 2022, imports remained at a lower figure.

In value terms, imports of electrical transformers with liquid dielectric, of power handling capacity from X kVA to X kVA surged to $X in 2022. Over the period under review, imports, however, recorded a deep downturn. The growth pace was the most rapid in 2018 when imports increased by 84%. Over the period under review, imports of attained the peak figure at $X in 2014; however, from 2015 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Turkmenistan (X units) and Kazakhstan (X units) represented the key importers of electrical transformers with liquid dielectric, of power handling capacity from X kVA to X kVA in Central Asia, together finishing at approx. 71% of total imports. Uzbekistan (X units) took a 12% share (based on physical terms) of total imports, which put it in second place, followed by Mongolia (9.9%). The following importers - Kyrgyzstan (X units) and Tajikistan (X units) - together made up 7.2% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Kyrgyzstan (with a CAGR of +8.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Kazakhstan ($X) constitutes the largest market for imported electrical transformers with liquid dielectric, of power handling capacity from X kVA to X kVA in Central Asia, comprising 54% of total imports. The second position in the ranking was taken by Mongolia ($X), with a 23% share of total imports. It was followed by Uzbekistan, with a 15% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Kazakhstan amounted to -3.2%. The remaining importing countries recorded the following average annual rates of imports growth: Mongolia (-9.1% per year) and Uzbekistan (-5.8% per year).

Import Prices by Country

The import price in Central Asia stood at $X per unit in 2022, declining by -36.6% against the previous year. Overall, the import price saw a abrupt shrinkage. The growth pace was the most rapid in 2021 when the import price increased by 79%. Over the period under review, import prices hit record highs at $X per unit in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Mongolia ($X per unit), while Turkmenistan ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Kazakhstan (-2.7%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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