Kazakhstan: Electrical Transformer Market 2024

Electrical Transformer Market Size in Kazakhstan

In 2022, the Kazakh electrical transformer market decreased by X% to $X, falling for the second year in a row after four years of growth. Overall, consumption showed a abrupt contraction. The pace of growth was the most pronounced in 2019 when the market value increased by X% against the previous year. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Electrical Transformer Production in Kazakhstan

In value terms, electrical transformer production rose notably to $X in 2022 estimated in export price. In general, production recorded a prominent increase. The pace of growth was the most pronounced in 2019 with an increase of X%. Over the period under review, production reached the maximum level at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

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Electrical Transformer Exports

Exports from Kazakhstan

Electrical transformer exports from Kazakhstan surged to X units in 2022, growing by X% compared with the previous year. Over the period under review, exports posted a moderate expansion. The pace of growth appeared the most rapid in 2016 when exports increased by X%. Over the period under review, the exports hit record highs at X units in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

In value terms, electrical transformer exports skyrocketed to $X in 2022. In general, exports enjoyed a remarkable increase. The pace of growth was the most pronounced in 2016 with an increase of X% against the previous year. The exports peaked in 2022 and are likely to continue growth in the immediate term.

Exports by Country

Russia (X units), Uzbekistan (X units) and Azerbaijan (X units) were the main destinations of electrical transformer exports from Kazakhstan, with a combined X% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Azerbaijan (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Russia ($X) remains the key foreign market for electrical transformers exports from Kazakhstan, comprising X% of total exports. The second position in the ranking was held by Uzbekistan ($X), with a X% share of total exports. It was followed by Kyrgyzstan, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Russia amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Uzbekistan (X% per year) and Kyrgyzstan (X% per year).

Export Prices by Country

The average electrical transformer export price stood at $X per unit in 2022, approximately reflecting the previous year. Overall, the export price continues to indicate a prominent expansion. The growth pace was the most rapid in 2021 an increase of X% against the previous year. The export price peaked in 2022 and is likely to see steady growth in the near future.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Russia ($X per unit), while the average price for exports to Azerbaijan ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Kyrgyzstan (X%), while the prices for the other major destinations experienced more modest paces of growth.

Electrical Transformer Imports

Imports into Kazakhstan

After two years of growth, overseas purchases of electrical transformers decreased by X% to X units in 2022. Overall, imports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 with an increase of X%. Imports peaked at X units in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

In value terms, electrical transformer imports dropped to $X in 2022. In general, imports saw a drastic downturn. The growth pace was the most rapid in 2018 with an increase of X% against the previous year. Over the period under review, imports reached the maximum at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Russia (X units) constituted the largest supplier of electrical transformer to Kazakhstan, with a X% share of total imports. Moreover, electrical transformer imports from Russia exceeded the figures recorded by the second-largest supplier, China (X units), tenfold. Belarus (X units) ranked third in terms of total imports with a X% share.

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

In value terms, Russia ($X) constituted the largest supplier of electrical transformers to Kazakhstan, comprising X% of total imports. The second position in the ranking was held by China ($X), with an X% share of total imports. It was followed by Belarus, with a X% share.

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

Import Prices by Country

In 2022, the average electrical transformer import price amounted to $X per unit, surging by X% against the previous year. In general, the import price, however, faced a abrupt slump. The pace of growth was the most pronounced in 2017 when the average import price increased by X%. The import price peaked at $X per unit in 2019; however, from 2020 to 2022, import prices remained at a lower figure.

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

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

Source: IndexBox Platform