CIS: Electrical Transformer Market 2024

Electrical Transformer Market Size in CIS

In 2022, the CIS electrical transformer market decreased by X% to $X for the first time since 2019, thus ending a two-year rising trend. In general, consumption continues to indicate a abrupt descent. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. The level of consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Electrical Transformer Production in CIS

In value terms, electrical transformer production contracted modestly to $X in 2022 estimated in export price. Overall, production saw a deep downturn. The most prominent rate of growth was recorded in 2014 when the production volume increased by X%. The level of production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

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Electrical Transformer Exports

Exports in CIS

In 2022, shipments abroad of electrical transformers increased by X% to X units, rising for the second consecutive year after two years of decline. Over the period under review, exports enjoyed a resilient increase. The growth pace was the most rapid in 2014 with an increase of X%. Over the period under review, the exports attained the peak figure at X units in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

In value terms, electrical transformer exports soared to $X in 2022. Total exports indicated a pronounced expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2021 when exports increased by X% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are likely to continue growth in the immediate term.

Exports by Country

In 2022, Belarus (X units) and Moldova (X units) were the key exporters of electrical transformers in the CIS, together accounting for approx. X% of total exports. It was distantly followed by Russia (X units), comprising a X% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Moldova (with a CAGR of X%), while the other leaders experienced mixed trends in the exports figures.

In value terms, Belarus ($X), Russia ($X) and Moldova ($X) appeared to be the countries with the highest levels of exports in 2022, together accounting for X% of total exports.

Moldova, with a CAGR of X%, saw the highest growth rate of the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in the CIS stood at $X per unit in 2022, dropping by X% against the previous year. In general, the export price showed a abrupt descent. The most prominent rate of growth was recorded in 2020 an increase of X%. Over the period under review, the export prices reached the peak figure at $X per unit in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Russia ($X per unit), while Moldova ($X per unit) was amongst the lowest.

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

Electrical Transformer Imports

Imports in CIS

In 2022, supplies from abroad of electrical transformers increased by X% to X units, rising for the second consecutive year after two years of decline. In general, imports posted notable growth. The growth pace was the most rapid in 2017 when imports increased by X% against the previous year. The volume of import peaked at X units in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

In value terms, electrical transformer imports fell to $X in 2022. Over the period under review, imports, however, continue to indicate a abrupt contraction. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Russia was the major importer of electrical transformers in the CIS, with the volume of imports accounting for X units, which was near X% of total imports in 2022. Belarus (X units) held the second position in the ranking, followed by Moldova (X units). All these countries together held near X% share of total imports.

From 2012 to 2022, average annual rates of growth with regard to electrical transformer imports into Russia stood at X%. At the same time, Belarus (X%) and Moldova (X%) displayed positive paces of growth. Moreover, Belarus emerged as the fastest-growing importer imported in the CIS, with a CAGR of X% from 2012-2022. From 2012 to 2022, the share of Belarus and Moldova increased by X and X percentage points, respectively.

In value terms, Russia ($X) constitutes the largest market for imported electrical transformers in the CIS, comprising X% of total imports. The second position in the ranking was held by Belarus ($X), with an X% share of total imports.

In Russia, electrical transformer imports contracted by an average annual rate of X% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Belarus (X% per year) and Moldova (X% per year).

Import Prices by Country

The import price in the CIS stood at $X per unit in 2022, shrinking by X% against the previous year. In general, the import price continues to indicate a abrupt contraction. The growth pace was the most rapid in 2021 an increase of X% against the previous year. Over the period under review, import prices hit record highs at $X per unit in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

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

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

Source: IndexBox Platform