CIS: 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 CIS

The CIS market for electrical transformers with liquid dielectric, of power handling capacity from X kVA to X kVA declined markedly to $X in 2022, with a decrease of -23.5% against the previous year. Over the period under review, consumption recorded a relatively flat trend pattern. As a result, consumption reached the peak level of $X, and then declined rapidly in the following year.

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

In value terms, production of electrical transformers with liquid dielectric, of power handling capacity from X kVA to X kVA fell markedly to $X in 2022 estimated in export price. In general, production, however, saw a strong increase. The pace of growth appeared the most rapid in 2021 when the production volume increased by 270% against the previous year. As a result, production reached the peak level of $X, and then contracted significantly in the following year.

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

Exports in CIS

In 2022, after two years of growth, there was significant decline in shipments abroad of electrical transformers with liquid dielectric, of power handling capacity from X kVA to X kVA, when their volume decreased by -6.3% to X units. Overall, exports, however, enjoyed significant growth. The pace of growth appeared the most rapid in 2020 when exports increased by 2,846% against the previous year. Over the period under review, the exports of attained the peak figure at X units in 2021, and then contracted in the following year.

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. In general, exports, however, recorded a temperate expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Belarus prevails in kVA structure, reaching X units, which was approx. 96% of total exports in 2022. Kazakhstan (X units) took a little share of total exports.

Belarus 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 +50.5% from 2012 to 2022. At the same time, Kazakhstan (+49.2%) displayed positive paces of growth. From 2012 to 2022, the share of Belarus increased by +19 percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Belarus ($X) remains the largest electrical transformers with liquid dielectric, of power handling capacity from X kVA to X kVA supplier in the CIS, comprising 75% of total exports. The second position in the ranking was taken by Kazakhstan ($X), with a 9.1% share of total exports.

In Belarus, exports of electrical transformers with liquid dielectric, of power handling capacity from X kVA to X kVA increased at an average annual rate of +6.9% over the period from 2012-2022.

Export Prices by Country

The export price in the CIS stood at $X per unit in 2022, picking up by 56% against the previous year. In general, the export price, however, showed a precipitous setback. Over the period under review, the export prices attained the maximum at $X per unit in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Kazakhstan ($X per unit), while Belarus stood at $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Kazakhstan (-26.6%).

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

Imports in CIS

In 2022, purchases abroad of electrical transformers with liquid dielectric, of power handling capacity from X kVA to X kVA decreased by -49.6% to X units for the first time since 2019, thus ending a two-year rising trend. In general, imports, however, recorded a strong increase. The pace of growth was the most pronounced in 2021 with an increase of 124%. As a result, imports attained the peak of X units, and then declined sharply in the following year.

In value terms, imports of electrical transformers with liquid dielectric, of power handling capacity from X kVA to X kVA declined slightly to $X in 2022. Over the period under review, imports recorded a mild slump. The most prominent rate of growth was recorded in 2018 when imports increased by 40% against the previous year. Over the period under review, imports of attained the maximum at $X in 2013; however, from 2014 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Russia (X units) and Belarus (X units) were the main importers of electrical transformers with liquid dielectric, of power handling capacity from X kVA to X kVA in the CIS, together finishing at near 76% of total imports. It was distantly followed by Azerbaijan (X units), committing an 18% share of total imports. Kazakhstan (X units) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Belarus (with a CAGR of +55.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Russia ($X) constitutes the largest market for imported electrical transformers with liquid dielectric, of power handling capacity from X kVA to X kVA in the CIS, comprising 66% of total imports. The second position in the ranking was held by Belarus ($X), with a 17% share of total imports. It was followed by Kazakhstan, with an 8.7% share.

In Russia, imports of electrical transformers with liquid dielectric, of power handling capacity from X kVA to X kVA contracted by an average annual rate of -3.5% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Belarus (+20.8% per year) and Kazakhstan (-3.2% per year).

Import Prices by Country

In 2022, the import price in the CIS amounted to $X per unit, picking up by 93% against the previous year. Over the period under review, the import price, however, showed a deep setback. Over the period under review, import prices attained the peak figure at $X per unit in 2013; however, from 2014 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 Kazakhstan ($X per unit), while Azerbaijan ($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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