Ghana: Market for Electrical Transformers with Liquid Dielectric, of Power Handling Capacity under 1 kVA 2022

Market Size for Electrical Transformers with Liquid Dielectric, of Power Handling Capacity under 1 kVA in Ghana

The Ghanian market for electrical transformers with liquid dielectric, of power handling capacity under X kVA skyrocketed to $X in 2021, rising by 164% 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 showed tangible growth. Consumption of peaked in 2021 and is likely to see gradual growth in the immediate term.

Exports of Electrical Transformers with Liquid Dielectric, of Power Handling Capacity under 1 kVA

Exports from Ghana

For the fifth consecutive year, Ghana recorded growth in overseas shipments of electrical transformers with liquid dielectric, of power handling capacity under X kVA, which increased by 923% to X units in 2021. In general, exports posted a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, exports of electrical transformers with liquid dielectric, of power handling capacity under X kVA dropped slightly to $X in 2021. Overall, exports enjoyed a notable expansion. The growth pace was the most rapid in 2015 when exports increased by 105% against the previous year. As a result, the exports reached the peak of $X. From 2016 to 2021, the growth of the exports of remained at a lower figure.

Exports by Country

Liberia (X units) was the main destination for exports of electrical transformers with liquid dielectric, of power handling capacity under X kVA from Ghana, with a 91% share of total exports. Moreover, exports of electrical transformers with liquid dielectric, of power handling capacity under X kVA to Liberia exceeded the volume sent to the second major destination, Nigeria (X units), more than tenfold.

From 2012 to 2021, the average annual growth rate of volume to Liberia amounted to +108.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Nigeria (+20.1% per year) and Cote d'Ivoire (+41.0% per year).

In value terms, Nigeria ($X), Liberia ($X) and Cote d'Ivoire ($X) constituted the largest markets for electrical transformers with liquid dielectric, of power handling capacity under X kVA exported from Ghana worldwide, with a combined 69% share of total exports.

Liberia, with a CAGR of +48.5%, saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average export price for electrical transformers with liquid dielectric, of power handling capacity under X kVA amounted to $X per unit, waning by -90.3% against the previous year. Overall, the export price recorded a sharp slump. The most prominent rate of growth was recorded in 2013 when the average export price increased by 40%. As a result, the export price attained the peak level of $X per unit. From 2014 to 2021, the the average export prices remained at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was Nigeria ($X per unit), while the average price for exports to Liberia ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Nigeria (-0.6%), while the prices for the other major destinations experienced a decline.

Imports of Electrical Transformers with Liquid Dielectric, of Power Handling Capacity under 1 kVA

Imports into Ghana

In 2021, the amount of electrical transformers with liquid dielectric, of power handling capacity under X kVA imported into Ghana surged to X units, with an increase of 231% against the previous year. In general, imports recorded a strong expansion. The most prominent rate of growth was recorded in 2018 with an increase of 261%. Over the period under review, imports of hit record highs in 2021 and are expected to retain growth in the immediate term.

In value terms, imports of electrical transformers with liquid dielectric, of power handling capacity under X kVA shrank remarkably to $X in 2021. Overall, imports, however, continue to indicate a abrupt decrease. The pace of growth appeared the most rapid in 2018 when imports increased by 133%. Over the period under review, imports of hit record highs at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, China (X units) constituted the largest electrical transformers with liquid dielectric, of power handling capacity under X kVA supplier to Ghana, with a 39% share of total imports. Moreover, imports of electrical transformers with liquid dielectric, of power handling capacity under X kVA from China exceeded the figures recorded by the second-largest supplier, the United Arab Emirates (X units), threefold. The third position in this ranking was taken by Nigeria (X units), with a 6.7% share.

From 2012 to 2021, the average annual growth rate of volume from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (+87.9% per year) and Nigeria (+93.0% per year).

In value terms, China ($X) constituted the largest supplier of electrical transformers with liquid dielectric, of power handling capacity under X kVA to Ghana, comprising 31% of total imports. The second position in the ranking was held by Switzerland ($X), with a 4.7% share of total imports. It was followed by Vietnam, with a 1.8% share.

From 2012 to 2021, the average annual growth rate of value from China stood at -6.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Switzerland (+3.5% per year) and Vietnam (-6.3% per year).

Import Prices by Country

The average import price for electrical transformers with liquid dielectric, of power handling capacity under X kVA stood at $X per unit in 2021, waning by -76.8% against the previous year. In general, the import price recorded a abrupt downturn. The most prominent rate of growth was recorded in 2017 an increase of 93%. As a result, import price reached the peak level of $X per unit. From 2018 to 2021, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Switzerland ($X per unit), while the price for Nigeria (less than $X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (-5.8%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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