ECOWAS: Market for Electrical Transformers with Liquid Dielectric, of Power Handling Capacity from 1 kVA - 650 kVA 2024

Market Size for Electrical Transformers with Liquid Dielectric, of Power Handling Capacity from 1 kVA - 650 kVA in ECOWAS

The ECOWAS market for electrical transformers with liquid dielectric, of power handling capacity from X kVA - X kVA soared to $X in 2023, with an increase of X% against the previous year. Overall, consumption saw resilient growth. As a result, consumption attained the peak level of $X. From 2015 to 2023, the growth of the market remained at a lower figure.

Production of Electrical Transformers with Liquid Dielectric, of Power Handling Capacity from X kVA - X kVA in ECOWAS

In value terms, production of electrical transformers with liquid dielectric, of power handling capacity from X kVA - X kVA expanded notably to $X in 2023 estimated in export price. In general, production showed a strong increase. The pace of growth was the most pronounced in 2014 with an increase of X% against the previous year. As a result, production reached the peak level of $X. From 2015 to 2023, production of growth remained at a somewhat lower figure.

Exports of Electrical Transformers with Liquid Dielectric, of Power Handling Capacity from 1 kVA - 650 kVA

Exports in ECOWAS

In 2023, approx. X units of electrical transformers with liquid dielectric, of power handling capacity from X kVA - X kVA were exported in ECOWAS; declining by X% on the previous year. Over the period under review, exports, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2022 with an increase of X%. Over the period under review, the exports of reached the peak figure at X units in 2015; however, from 2016 to 2023, the exports remained at a lower figure.

In value terms, exports of electrical transformers with liquid dielectric, of power handling capacity from X kVA - X kVA dropped markedly to $X in 2023. In general, exports, however, posted a moderate increase. The most prominent rate of growth was recorded in 2022 with an increase of X% against the previous year. As a result, the exports attained the peak of $X, and then contracted markedly in the following year.

Exports by Country

Mali was the major exporting country with an export of around X units, which recorded X% of total exports. Ghana (X units) held the second position in the ranking, followed by Senegal (X units) and Cote d'Ivoire (X units). All these countries together took approx. X% share of total exports. Nigeria (X units) followed a long way behind the leaders.

Exports from Mali increased at an average annual rate of X% from 2012 to 2023. At the same time, Ghana (X%), Cote d'Ivoire (X%) and Senegal (X%) displayed positive paces of growth. Moreover, Ghana emerged as the fastest-growing exporter exported in ECOWAS, with a CAGR of X% from 2012-2023. By contrast, Nigeria (X%) illustrated a downward trend over the same period. While the share of Mali (X p.p.), Ghana (X p.p.), Cote d'Ivoire (X p.p.) and Senegal (X p.p.) increased significantly in terms of the total exports from 2012-2023, the share of Nigeria (X p.p.) displayed negative dynamics.

In value terms, Mali ($X) emerged as the largest electrical transformers with liquid dielectric, of power handling capacity from X kVA - X kVA supplier in ECOWAS, comprising X% of total exports. The second position in the ranking was held by Ghana ($X), with a X% share of total exports. It was followed by Senegal, with a X% share.

In Mali, exports of electrical transformers with liquid dielectric, of power handling capacity from X kVA - X kVA increased at an average annual rate of X% over the period from 2012-2023. In the other countries, the average annual rates were as follows: Ghana (X% per year) and Senegal (X% per year).

Export Prices by Country

The export price in ECOWAS stood at $X per unit in 2023, growing by X% against the previous year. In general, the export price saw a mild increase. The pace of growth appeared the most rapid in 2016 an increase of X% against the previous year. The level of export peaked at $X per unit in 2013; however, from 2014 to 2023, 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 Nigeria ($X per unit), while Senegal ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Senegal (X%), while the other leaders experienced more modest paces of growth.

Imports of Electrical Transformers with Liquid Dielectric, of Power Handling Capacity from 1 kVA - 650 kVA

Imports in ECOWAS

In 2023, imports of electrical transformers with liquid dielectric, of power handling capacity from X kVA - X kVA in ECOWAS soared to X units, increasing by X% compared with the year before. Overall, imports, however, recorded a slight reduction. The growth pace was the most rapid in 2014 with an increase of X% against the previous year. As a result, imports attained the peak of X units. From 2015 to 2023, the growth of imports of remained at a lower figure.

In value terms, imports of electrical transformers with liquid dielectric, of power handling capacity from X kVA - X kVA skyrocketed to $X in 2023. Over the period under review, imports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 when imports increased by X% against the previous year. As a result, imports attained the peak of $X. From 2015 to 2023, the growth of imports of failed to regain momentum.

Imports by Country

Benin was the major importing country with an import of about X units, which resulted at X% of total imports. Ghana (X units) held a X% share (based on physical terms) of total imports, which put it in second place, followed by Cote d'Ivoire (X%), Nigeria (X%), Guinea (X%), Burkina Faso (X%), Mali (X%) and Liberia (X%).

Benin was also the fastest-growing in terms of the electrical transformers with liquid dielectric, of power handling capacity from X kVA - X kVA imports, with a CAGR of X% from 2012 to 2023. At the same time, Ghana (X%), Burkina Faso (X%), Mali (X%), Cote d'Ivoire (X%), Guinea (X%) and Liberia (X%) displayed positive paces of growth. By contrast, Nigeria (X%) illustrated a downward trend over the same period. While the share of Benin (X p.p.), Ghana (X p.p.), Cote d'Ivoire (X p.p.), Burkina Faso (X p.p.), Mali (X p.p.) and Guinea (X p.p.) increased significantly in terms of the total imports from 2012-2023, the share of Nigeria (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Benin ($X) constitutes the largest market for imported electrical transformers with liquid dielectric, of power handling capacity from X kVA - X kVA in ECOWAS, comprising X% of total imports. The second position in the ranking was held by Nigeria ($X), with a X% share of total imports. It was followed by Burkina Faso, with a X% share.

From 2012 to 2023, the average annual growth rate of value in Benin stood at X%. The remaining importing countries recorded the following average annual rates of imports growth: Nigeria (X% per year) and Burkina Faso (X% per year).

Import Prices by Country

The import price in ECOWAS stood at $X per unit in 2023, surging by X% against the previous year. Import price indicated a modest increase from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, import price for electrical transformers with liquid dielectric, of power handling capacity from X kVA - X kVA increased by X% against 2021 indices. The pace of growth appeared the most rapid in 2022 an increase of X% against the previous year. The level of import peaked in 2023 and is likely to see steady growth in years to come.

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

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Benin (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform