ECOWAS: Market for Electrical Transformers with Non-Liquid Dielectric, of Power Handling Capacity from 1 kVA to 16 kVA 2024

Market Size for Electrical Transformers with Non-Liquid Dielectric, of Power Handling Capacity from 1 kVA to 16 kVA in ECOWAS

The ECOWAS market for electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA dropped to $X in 2022, waning by X% against the previous year. In general, consumption continues to indicate a perceptible slump. As a result, consumption attained the peak level of $X. From 2014 to 2022, the growth of the market remained at a somewhat lower figure.

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

In value terms, production of electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA reduced to $X in 2022 estimated in export price. Over the period under review, production showed a pronounced downturn. The growth pace was the most rapid in 2013 with an increase of X% against the previous year. As a result, production reached the peak level of $X. From 2014 to 2022, production of growth remained at a lower figure.

Exports of Electrical Transformers with Non-Liquid Dielectric, of Power Handling Capacity from 1 kVA to 16 kVA

Exports in ECOWAS

In 2022, shipments abroad of electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA decreased by X% to X units, falling for the third year in a row after four years of growth. In general, exports continue to indicate a abrupt contraction. The growth pace was the most rapid in 2014 when exports increased by X% against the previous year. As a result, the exports reached the peak of X units. From 2015 to 2022, the growth of the exports of failed to regain momentum.

In value terms, exports of electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA contracted rapidly to $X in 2022. Over the period under review, exports recorded a abrupt downturn. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. As a result, the exports reached the peak of $X. From 2019 to 2022, the growth of the exports of failed to regain momentum.

Exports by Country

Sierra Leone was the major exporter of electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA in ECOWAS, with the volume of exports amounting to X units, which was approx. X% of total exports in 2022. Nigeria (X units) ranks second in terms of the total exports with a X% share, followed by Senegal (X%) and Ghana (X%). Cote d'Ivoire (X units) followed a long way behind the leaders.

Sierra Leone was also the fastest-growing in terms of the electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA exports, with a CAGR of X% from 2012 to 2022. Ghana (X%), Nigeria (X%), Cote d'Ivoire (X%) and Senegal (X%) illustrated a downward trend over the same period. Sierra Leone (X p.p.) and Ghana (X p.p.) significantly strengthened its position in terms of the total exports, while Cote d'Ivoire, Nigeria and Senegal saw its share reduced by X%, X% and X% from 2012 to 2022, respectively.

In value terms, Senegal ($X) remains the largest electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA supplier in ECOWAS, comprising X% of total exports. The second position in the ranking was taken by Sierra Leone ($X), with an X% share of total exports. It was followed by Ghana, with a X% share.

In Senegal, exports of electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA remained relatively stable over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Sierra Leone (X% per year) and Ghana (X% per year).

Export Prices by Country

In 2022, the export price in ECOWAS amounted to $X per unit, dropping by X% against the previous year. In general, the export price recorded a drastic downturn. The pace of growth appeared the most rapid in 2015 when the export price increased by X% against the previous year. The level of export peaked at $X per unit in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.

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 Senegal ($X per unit), while Cote d'Ivoire ($X per unit) was amongst the lowest.

From 2012 to 2022, 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 Non-Liquid Dielectric, of Power Handling Capacity from 1 kVA to 16 kVA

Imports in ECOWAS

Imports of electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA contracted significantly to X units in 2022, falling by X% compared with 2021 figures. Overall, imports saw a deep downturn. The pace of growth was the most pronounced in 2015 with an increase of X% against the previous year. Over the period under review, imports of attained the maximum at X units in 2016; however, from 2017 to 2022, imports failed to regain momentum.

In value terms, imports of electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA dropped dramatically to $X in 2022. In general, imports continue to indicate a abrupt decline. The most prominent rate of growth was recorded in 2016 when imports increased by X% against the previous year. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

Ghana represented the largest importing country with an import of around X units, which resulted at X% of total imports. It was distantly followed by Nigeria (X units), constituting a X% share of total imports. The following importers - Senegal (X units), Cote d'Ivoire (X units), Niger (X units) and Cabo Verde (X units) - together made up X% of total imports.

From 2012 to 2022, average annual rates of growth with regard to electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA imports into Ghana stood at X%. At the same time, Niger (X%) and Cabo Verde (X%) displayed positive paces of growth. Moreover, Niger emerged as the fastest-growing importer imported in ECOWAS, with a CAGR of X% from 2012-2022. By contrast, Senegal (X%), Cote d'Ivoire (X%) and Nigeria (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Ghana, Niger and Senegal increased by X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

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

From 2012 to 2022, the average annual growth rate of value in Nigeria stood at X%. The remaining importing countries recorded the following average annual rates of imports growth: Ghana (X% per year) and Cote d'Ivoire (X% per year).

Import Prices by Country

In 2022, the import price in ECOWAS amounted to $X per unit, growing by X% against the previous year. Overall, the import price, however, continues to indicate a abrupt decline. The most prominent rate of growth was recorded in 2020 when the import price increased by X%. The level of import peaked at $X per unit in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Niger ($X per unit), while Ghana ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform