Kenya: Electrical Transformer Market 2022

Electrical Transformer Market Size in Kenya

In 2021, the Kenyan electrical transformer market was finally on the rise to reach $X for the first time since 2017, thus ending a three-year declining trend. Over the period under review, consumption posted a measured expansion. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Electrical Transformer Exports

Exports from Kenya

In 2021, overseas shipments of electrical transformers were finally on the rise to reach X units for the first time since 2018, thus ending a two-year declining trend. Overall, exports continue to indicate a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, electrical transformer exports skyrocketed to $X in 2021. In general, exports posted strong growth. The pace of growth was the most pronounced in 2014 when exports increased by 209% against the previous year. As a result, the exports reached the peak of $X. From 2015 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Somalia (X units) was the main destination for electrical transformer exports from Kenya, with a 54% share of total exports. Moreover, electrical transformer exports to Somalia exceeded the volume sent to the second major destination, the UK (X units), fourfold. The third position in this ranking was held by the United Arab Emirates (X units), with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Somalia totaled +93.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+185.2% per year) and the United Arab Emirates (0.0% per year).

In value terms, Uganda ($X) emerged as the key foreign market for electrical transformer exports from Kenya, comprising 20% of total exports. The second position in the ranking was taken by Tanzania ($X), with a 5.3% share of total exports. It was followed by Somalia, with a 1.8% share.

From 2012 to 2021, the average annual growth rate of value to Uganda amounted to +5.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Tanzania (-5.8% per year) and Somalia (-11.7% per year).

Export Prices by Country

The average electrical transformer export price stood at $X per unit in 2021, waning by -69.9% against the previous year. Over the period under review, the export price showed a abrupt descent. The growth pace was the most rapid in 2019 an increase of 119% against the previous year. The export price peaked at $X per unit in 2017; however, from 2018 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was Uganda ($X per unit), while the average price for exports to Somalia ($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 Ghana (+1,124,764.9%), while the prices for the other major destinations experienced more modest paces of growth.

Electrical Transformer Imports

Imports into Kenya

In 2021, purchases abroad of electrical transformers was finally on the rise to reach X units after two years of decline. In general, imports recorded significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, electrical transformer imports skyrocketed to $X in 2021. Over the period under review, imports recorded a modest increase. Over the period under review, imports hit record highs at $X in 2016; however, from 2017 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, China (X units) was the main electrical transformer supplier to Kenya, accounting for a 96% share of total imports. It was followed by Turkey (X units), with a 2.1% share of total imports. The third position in this ranking was held by the United Arab Emirates (X units), with a 0.8% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China amounted to +98.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+127.4% per year) and the United Arab Emirates (+30.6% per year).

In value terms, China ($X) constituted the largest supplier of electrical transformer to Kenya, comprising 15% of total imports. The second position in the ranking was taken by Turkey ($X), with a 1.6% share of total imports. It was followed by the United Arab Emirates, with a 0.2% share.

From 2012 to 2021, the average annual growth rate of value from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+9.9% per year) and the United Arab Emirates (-15.3% per year).

Import Prices by Country

In 2021, the average electrical transformer import price amounted to $X per unit, with a decrease of -17.2% against the previous year. Over the period under review, the import price continues to indicate a precipitous decrease. The pace of growth was the most pronounced in 2015 an increase of 148% against the previous year. Over the period under review, average import prices attained the maximum at $X per unit in 2016; however, from 2017 to 2021, import prices remained at a lower figure.

Prices varied noticeably country of origin: the country with the highest price was South Africa ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Africa (+40.8%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Market Intelligence Platform

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