Ghana: Market for Electrical Transformers with Liquid Dielectric, of Power Handling Capacity from 650 kVA to 10000 kVA 2024

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

The Ghanian market for electrical transformers with liquid dielectric, of power handling capacity from X kVA to X kVA rose slightly to $X in 2022, increasing by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption enjoyed prominent growth. Consumption of peaked at $X in 2017; however, from 2018 to 2022, consumption remained at a lower figure.

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

Exports from Ghana

In 2022, shipments abroad of electrical transformers with liquid dielectric, of power handling capacity from X kVA to X kVA decreased by X% to X units, falling for the second consecutive year after three years of growth. Over the period under review, exports continue to indicate a pronounced downturn. The pace of growth appeared the most rapid in 2013 when exports increased by X%. As a result, the exports reached the peak of X units. From 2014 to 2022, the growth of the exports of failed to regain momentum.

In value terms, exports of electrical transformers with liquid dielectric, of power handling capacity from X kVA to X kVA fell to $X in 2022. Overall, exports saw a noticeable descent. The pace of growth was the most pronounced in 2013 when exports increased by X% against the previous year. As a result, the exports attained the peak of $X. From 2014 to 2022, the growth of the exports of remained at a lower figure.

Exports by Country

Togo (X units) and Italy (X units) were the main destinations of exports of electrical transformers with liquid dielectric, of power handling capacity from X kVA to X kVA from Ghana.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Togo (with a CAGR of X%).

In value terms, Italy ($X) remains the key foreign market for electrical transformers with liquid dielectric, of power handling capacity from X kVA to X kVA exports from Ghana, comprising X% of total exports. The second position in the ranking was held by Togo ($X), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Italy amounted to X%.

Export Prices by Country

The average export price for electrical transformers with liquid dielectric, of power handling capacity from X kVA to X kVA stood at $X per unit in 2022, almost unchanged from the previous year. Over the period under review, the export price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 when the average export price increased by X% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2014 to 2022, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Italy ($X per unit), while the average price for exports to Togo totaled $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Cote d'Ivoire (X%), while the prices for the other major destinations experienced mixed trend patterns.

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

Imports into Ghana

In 2022, supplies from abroad of electrical transformers with liquid dielectric, of power handling capacity from X kVA to X kVA increased by X% to X units, rising for the third year in a row after two years of decline. Over the period under review, imports continue to indicate buoyant growth. The most prominent rate of growth was recorded in 2013 with an increase of X%. Over the period under review, imports of reached the maximum at X units in 2017; however, from 2018 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 totaled $X in 2022. In general, imports saw significant growth. The growth pace was the most rapid in 2013 with an increase of X%. As a result, imports reached the peak of $X. From 2014 to 2022, the growth of imports of failed to regain momentum.

Imports by Country

In 2022, Thailand (X units) constituted the largest supplier of electrical transformers with liquid dielectric, of power handling capacity from X kVA to X kVA to Ghana, with a X% share of total imports. Moreover, imports of electrical transformers with liquid dielectric, of power handling capacity from X kVA to X kVA from Thailand exceeded the figures recorded by the second-largest supplier, Turkey (X units), sixfold. The third position in this ranking was held by Italy (X units), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Thailand totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (X% per year) and Italy (X% per year).

In value terms, Thailand ($X) constituted the largest supplier of electrical transformers with liquid dielectric, of power handling capacity from X kVA to X kVA to Ghana, comprising X% of total imports. The second position in the ranking was held by China ($X), with a X% share of total imports. It was followed by India, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Thailand stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and India (X% per year).

Import Prices by Country

The average import price for electrical transformers with liquid dielectric, of power handling capacity from X kVA to X kVA stood at $X per unit in 2022, with an increase of X% against the previous year. Over the period under review, import price indicated a moderate increase from 2012 to 2022: its price 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, import price for electrical transformers with liquid dielectric, of power handling capacity from X kVA to X kVA decreased by X% against 2020 indices. The pace of growth appeared the most rapid in 2013 when the average import price increased by X% against the previous year. As a result, import price attained the peak level of $X per unit. From 2014 to 2022, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Croatia ($X per unit), while the price for Turkey ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Canada (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform